BANK OF ENGLAND RETURN

Dominion, Volume 13, Issue 234, 28 June 1920, Page 5

BANK OF ENGLAND RETURN

Australian-New Zealand Cable Association. London, Juno 24. The Bank of England returns for th» week ended June 23 are ns under:— Isbw? Drpjibijikkt.' Notes Issued fu5.2i0.000 Gov. debt... f11.015.000 Other socuriNotes in ties 7,131.000 reserve 10.015.000 Gold 116,730,000 £135.185.000 1 Banking Dkpadtment. Ftopvlctois' Gov. soouricapital ...f11.553,000 tieß ... £53,003.000 Public do- • Other secwiposlts ... 17.860,000 ties 80,110,000 Other doposltß -118.161.000 Notes in BtsU-dfiy rosevvo ... 19.015,000 and other Coin in bills ... 3.20-2.000 reserve ... 1-080,000 f101.168,000 ' flßl-IOiOOO The leading items of the' Bank ol England return afford the following comparison:— This week IJastweek laßtvear £ £ £ Bullion ' 116,780,000116720.000 85.735.00tf Reserve - 21.025.C00 21.075.000 27.950,000 Note Circulation U5.W0.000 111,106.000 78.302,000 Publio Deposits t7.669.0ff) 21,250-000 20.004.000 Other Deposits 118.181,000 132,551,000 137,715.000 Proportion ot reserves to liabilities • 15.12 11.20 17.75. • GOVERNMENT SECDItITIES. • Following are latest quotations for Imperial and Colonial Government securities:

MONEY MARKET. Tho Bank of England discount rate, which had atood at 5 per cent, since April 6. 1917, on which'date it was reduced from H per cent., was raised to 6 per cent, on November 6, 1919, and to 7 per cent, on April 15, 1920. OPEN MARKET RATES.' The opeu market rate for three months' bills, is 68 per cent., as compared with 6? per cent, laet.week and i\ pel' cent. lMt year. Short loans arc quoted, at 5? per cent., Benin st 51 nor cent. Inst week, and 31 per cent, last year.

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