RESERVE BANK RETURN
New Zealand’s sterling exchange funds continue to rise. The Reserve Bank return as at the close of business on July 7 discloses a further advance of £620,000 to the record figure of £94.139,000. Details (all in thousands), with the figures for the previous week attached, are as follows: Liabilities
June 30. July 7. (£000) ( £000) General reserve 1.500 1,500 Bank notes 67,479 67,508 Demand liabilities— (a) State: (1) Govt. marketing 7 1 (2) Other 8,167 10,123 (b) Banks 86,480 86,902 (c) Other: (1) Marketing orgns. 226 542 (2) Other 2,089 3,138 Other currencies 39 43 Other liabilities 6,357 6,362 172,344 176,117 Assets Reserve— (a) Gold 6,170 6,171 (b) Sterling exchange 93,519 94,139 (c) Other exchange 438 670 Subsidiary coin .. 607 605 Advances— (a) State: (1) Govt. marketing 6,244 5,942 (2) Other purposes .. 30,056 30,014 (b) Other: (1) Marketing orgns. 5,187 3,016 (2) Other advances .. 5,369 10,369 Sterling 23,716 23,716 Other 234 234 Other assets .. 805 1,243 —— ■ ■■ - 172,344 176,117
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Bibliographic details
Press, Volume XC, Issue 27402, 15 July 1954, Page 16
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161RESERVE BANK RETURN Press, Volume XC, Issue 27402, 15 July 1954, Page 16
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