RESERVE BANK

Dominion, Volume 29, Issue 225, 19 June 1936, Page 14

RESERVE BANK

Changes in Cali Liabilities INCREASE IN NOTE ISSUE 'L'he weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at the, close of business on Monday, June 15, is as follows:

Proportion of reserve (No. < less No. 5) to notes and other demand liabilities, 96.716 per cent., compared with 96. (la per cent, on June 8. . riniuawn The note issue has risen to £10,04J,3aU, an increase of £30,579. Demand liabilities to the State at £9.768,407, show an increase of £22,576. • The trading banks reserve balances show a further decrease of £228,678, and now stand at £7,095,343. Other demand liabilities at £146,637, show a rise of £52,806. Liabilities in currencies other than New Zealand currencies appear in the statement at £18,600. Other liabilities at £88,660 show an inpronep of £G577. Sterlin- exchange totals £23,388.007, a decrease of £99.812. Gold remains unchanged at £2,801,733. Subsidiary coin totals £198,213, a decrease of £2434. Investments amount to £2,014,8u7, a decrease of £llO. Other assets at £264,187, have increased by £4817. The statement balances at £28,666,99i, a decrease of £97,539. Base Metals Market By Telegraph—Press Assn.—Copyright. (Received June 18, 9.10 p.m.) London, June 17. Tbe official London (middle) quotations for Wednesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as folJune 10. June 17.

Golden Dawn Gold Mines Golden Dawn Gold Mines, Ltd., yesterday reported to the Wellington Stock Exchange that for the 24 working days ended June 8, 923 tons was treated for a realisation of £2959, taking gold at £7 2/- per ounce.

LIABILITIES. £ S. (1. 1. General lieserve fund 1,500,000 0 0 0 0 3. Demand liabilities— (a) State 9,<68,407 19 6 (b) Banks .... 7,095,342 0 (c) Other 146,036 13 1 4. Time deposits 5. Liabilities in currencies other than N.Z. currency .... J8.0 ;0 0 0 6. Other liabilities ... 88,000 13 8 £28,660,997 9 3 ASSETS. 7. Beserve — £ 6. d. (a) Gold 2,801, <33 0 0 (b) Sterling exchange ... 23,3SS,00< 4 o (c) Gold exchange 8. Subsidiary coin .. 198,213 11 7 9. Discounts— ■ (a) Commercial and Agricultural Bills (b) Treasury & Local Body Bills 10. Advances — (a) To the State or State undertakings . (b) To other Public Authorities .. (c) Other oahVpiq 11. Investments 2,014,806 13 6 12. Bank buildings ... -— 13. Other assets 204,187 0 0 £28,666,997 9 3

Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot ... 30 3 14 36 5 71 Ditto, forward ... 30 S t> 30 11 3 Electrolytic JO 2 6 40 5 0 to 40 12 6 40 12 6 Wire bars 40 12 0 40 12 6 Lead— Spot 15 0 0 15 1 3 Forward 15 2 6 15 2 6 Spelter— Spot 13 13 0 13 8 9 Forward 13 18 9 13 13 9 Tin— Spot 181 2 n 180 12 0 Forward 179 17 0 178 17 0 Silver— Standard, per oz. . 19 13-lGd. 19}d. Fine 21 3-8d. 215-16d.