ANOTHER ADVANCE IN STERLING FUNDS

Press, Volume LXXXIII, Issue 25177, 7 May 1947, Page 8

ANOTHER ADVANCE IN STERLING FUNDS

beservE bank return (P.A.) WELLINGTON. May 6. Sterling funds are again shown at a higher level, £90.659,554, against £89,979,755 previously, in the Reserve Bank return for the week ended April 30, but otherwise the return shows only small changes. Details, with the previous week’s comparisons are:— Liabilities.—General reserve fund, £1,500,000 (same); bank notes, £46,971,823 (£47,139,260); demand liabilities: State. £12,902,698 (£11,500,587); banks, £60,299,310 (£61,156,203); other, £324,879 (£690,500); liabilities in currencies other than N.Z., £26,401 (£26,309); other liabilities, £3,148,289 (£3,153,07 9). Total £(N.Z.) 125,173.400 (£125,165,938). Assets.—Gold, £2,801,878 (same); sterling exchange (N.Z. currency). £90,659.534 (£89,979,755); subsidiary coin, £47,293 (£46,301); advances: to the State—marketing organisations, nil (£348,506); for other purposes, £27.000,000 (£27,280,932); investments. £3,868,093 (same); other assets, £796,582 (£840,473). Total £(N.Z.)125,173,400 (£125,165,937). , Proportion of reserve to notes and other demand liabilities. 77.540 per cent. (76,983 per cent.).

CALL AND DIVIDEND LIST

N.Z. News.—fin. 8d (ex April 28) May 9 eject Zinc—int. tf p.c pt. ana ord. (ex March 11) May 9 Sharland—int. 24 p.c. (ex Apl. 24) May 10 E., S. and A. Bk.—int, 3J p.c., less U.K. tax (ex April 30) .. May 14 Bk Adelaide—int. 2] p.c. (ex May 1) .. May 14 Mosgiel Wool—int. 4 p.c. (ex April 30) .. .. May 15 Bycroft, Ltd.—fin. 4 p.c. (making 8 year), ex May 5 .. May 15 Oamaru Wool—int. 3 p.c. (ex May 2) .. .. May 16 Union Oil.—int. 6d .. .. May 16 Daigety—mt 3} p.c., less U.K. tax ex May 1) .. May 22 Dongahy's Rope.—fin. Is 3d, making 10 p.r (ex May 23) .. May 26 Equitable Bldg.—fin. 3 p.c., bonus 2 p.c., making 8 p.c. (ex May 16) .. May 26 Nat. A’asia.—int. 3 p.c. (ex May 14) .. .. May 28 B.H. Pty.—fin. 9d share (ex April 30) .... May 28 Burns Philp (S/Sea).—fin. 5 p.c. (ex May 14) .. May 28 Alloy Steel N.Z.—fin. 3} p.c. bonus Is. making 12 p.c. (ex May 26) May 29 Bk N.S.W.—int. qtiy. 6s 6d (ex May 12) .. May 29 N.Z, Pap. Milfs. —fin. 4 p.c., plus 3 p.c. from 1945. making 10 p.c. (ex May 17) May 30 Tui Brew.—int; 2J p.c. (ex May 20) .... June 2 Henry Jones.—int. 6d (ex May 15) June 2 Martha Gold.—fin. 12 months 3d stlg., free of British inc. tax (ex May 14) .. June 4 Dom. Fert.—fin. 12 months 4 p.c. June 5 1.C.1. (Lond.) —fin. ord. 5 p.c., plus bonus 2 p.c. .. .. June 16 B.H. Sth.—fin. 9d share (ex May 6) .... June 20 Nth. B.H.—fin. Is 6d share (ex May 6) .. June 26