RESERVE BANK RETURN

Press, Volume LXXXVI, Issue 26122, 26 May 1950, Page 10

RESERVE BANK RETURN

FURTHER RISE IN STERLING FUNDS The Reserve Bank returns for the week ended May 17 disclose a further improve- i inent of £1.627,000 in sterling funds. The I ratio of reserves to notes and other de- 1 | mana liabilities has risen to 41.472 per I | cent., against 40.759 for the previous week, l and 39.144 per cent, a fortnight ago. | The returns in detail, with tne previous ■ week's figures in parenthesis, 'are as fol- | lows:— I Liabilities.—General reserve fund, £1,500.000 (same); bank notes. £54,263.000 (£53,983.467): demand liabilities: State, £11.614,000 (£13.186.761); banks. £80.075.000 (£77.379.798); other demand liabilities, £922,000 (£877.329); liabilities in currencies other than New Zealand currency, £31.000 (£26.772); other liabilities, £5.176.000 (£5.160,045). Total: £(N.Z.) 153.581,000 (£152,109.172), Assets.—Gold, £4.171.000 (£4.153,624); sterling exchange (New Zealand currency), £56.773,000 (£55.146.391); subsidiary coin, £232.000 (£135,594); advances to State marketing organisations, £5,140.000 (£5,544.035); for other purposes, i £53.000.000 (same); other advances, J £5.279.000 (£5.276.685); investments, ! £27.658.142 (same); other assets, £1.329.000 i (£1.194,700). Total: £(N.Z) 153,581,000 | (£152.109.172). Proportion of reserve to notes and other j demand liabilities, 41.472 per cent. (40.759 per cent.).