RESERVE BANK
Fall Of £26.9m In Investment Investments in New Zealand by the Reserve Bank fell £26.9m to £33.5m in the week to March 31. according to the statement of assets and liabilities of the bank. New ventures by trading banks starting up savings branches and the effect of the February Government loan used to mop up excess purchasing power, are the reasons for the fall. A similar loan last year also had the same effect in reducing investment. Deposits by Government trading departments in the same week were £llm lower at £46m. Statutory deposits, by trading banks were £sm lower at £10.2m but about £4m had to be borrowed to maintain this level. Sterling exchange reserves held by the Reserve Bank continued to rise with a £5.9m advance to £34.7m. Metals (N.Z. Press Assn.—Copyright) LONDON, April 30. Latest London Metal Exchange prices for spot supplies are as follows:
Buyers Sellers a ton a ton £ s d. £ s d Copper .. 485 0 0 487 0 0 Tin .. 1437 10 0 1442 10 0 Lead .. 120 10 0 120 12 6 Zinc .. 113 15 0 114 0 0 Gold: £12 10s Hid per fine ounce.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650503.2.209
Bibliographic details
Press, Volume CIV, Issue 30740, 3 May 1965, Page 17
Word Count
194RESERVE BANK Press, Volume CIV, Issue 30740, 3 May 1965, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.