SHORT-TERM MARKET
Deposits Rise To £28.4m. (N.Z. Press Association) WELLINGTON, Feb. 18. Aggregate deposits by the five approved dealers in the [short-term money market at [January 31 was £28.4m against £27,4m during December, says the Reserve Bank. Deposits were derived from: financial institutions, £5.9m (£4.5m in December): industrial and commercial firms, £lB.lm (£19.9m); others, £4.4m (£3.om). Interest Rates Rates of interest paid on new call deposits ranged between 2 per cent and 3) per cent (2-3} per cent) while the rate for money repayable in six months ranged between 3J per cent and 3j per cent (3F-3J per cent). New deposits accepted by dealers during the month totalled £12.2m (£13.4m) while repayments were £11.2m (£13.2m). The maximum amount of deposits which the approved dealers were authorised to accept at January 31, 1965, was £30.2m. A. Barnett.—A. Barnett. Dunedin department store operator, will pay a steady interim dividend of 2) per cent on March 19, ex dividend March 15. (P.A.) I
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Bibliographic details
Press, Volume CIV, Issue 30681, 22 February 1965, Page 16
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160SHORT-TERM MARKET Press, Volume CIV, Issue 30681, 22 February 1965, Page 16
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