BANKING POSITION

Evening Post, Volume CX, Issue 11, 12 July 1930, Page 12

BANKING POSITION

CALLS FOR CASE

ADVANCES APPROXIMATE

DEPOSITS

"Returns ot .ncrage amounts of liabilities

I »nd assets by the banks operating in New j Zealand for the'quarter ended 30th June i are received. They show that free and i fifed depositf combined almost equal the ! overdrafts and bills discounted, the posi- [ tion being as follows:— I -. Deposits 54,193,530 i .Advances '. 54,003,160 ! E-?ce«s deposits £150.370 ! The position of each bank in regard to ! free deposits oi moneys on current account ; ab at ,30th June last compared with that ■ at ''the'end of the second quarter of 3920 : is as follows:— ■ FREE DEPOSITS. June, 1930 June, 1929* i . Bank. . £ £ ; New Zealand .... 10.852,131 12,654,473 Union . 2,687,128 3,096,534 i New South Wales . 2,508,315 2,943,045 Australasia 2.293,050 2,613,246 National ■ 8,840,354 4,489,440 i Commercial 1,044,880 1,014,143 ! ' £23,225,804 £26,810,881 j "It will be noticed that this year free de- | posits have decreased with all the banks, ! the Commercial excepted. Fixed deposits : show an increase of about three-quarters 1 of a million over these holdings as at the j end of. June, 1929, and the position of each ! hank in this respect is ■ compared in the ; following- table: j FIXED DEPOS/TS. : June. 1930 June, 1920 Bank. , £ ' £ [ New Zealand .... • 15.077.516 14,953,943 ] Union . . 3,351,757 3.396,510 i New South Wales 4,033,076 4,041,100 Australasia 2,707,940 2,762,468 \ , Rational 4,602,482 4,435,733 i Commercial 1,044,886 651,259 ; £30,967,666 £30,241,013 ; The advances show- an increase for the i quarter of over 6/£. millions, and the dis- ; counts an increase of £150,000. The adi ranees alone are returned as under:— \ '■ ■ ADVANCES. June. 1930. June, 1929. ■ . :'Bartk. £, s. ! New Zealand ~.... 23,65G,070 10,757,578 Union B,lj-1,I)05 3,471,437 i Sow South Wales .. 0,588,3-19 ;,704,582 Australasia 4,838,171 4,654,007 ; National 9,9">l,9°itt 9,199,309 Commonwealth .... 3,UD4,7(50 1,381,571 | ■('■ ■ .£52,874,471 £40,3«5,751 1 GOVERNMENT DEPOSITS. ; The average of Government deposits for I " the- quarter in- review was £5,099.349, com- • pa-fed with £2,794,255 at 30th June, 1929. AND DEPOSITS. ! Comparing advances and discounts with ■ ' free- and fixed deposits for, the past few : y^ars it-will be seen that the financial leeway made by the Dominion during the ' past twelve months approximates £10,000,000.' The returns as at every June quarter have been as follow:— . -" ' ' ■ -. Excess of Juno •' Deposits. Advances, deposits. : iiuarter. £ £ £ 1925 .... '51,403,635 43,035,700 7,527,866 : 1926 .... 48.269,349 48,714,711 °M 45,352 , 1927 ....- 46i490,366 50,753,106 *4,262,740 : -18.2S .... 52,947,133 45,426,955 7,f>20,17S 1f1'29 .... • 57,051,891. 47,407,211 9,644,68.°! ! 1930 .... '54,193,530 54,063,160 130,370 ■■ - : *Excess of advances. j • - NOTES AN DCOIN. | i , 'Note circulation for the past • quarter j ■ amounted to £6,000.347. as compared with : , £6,547,872 as at 30lh Jime. 1029, showing a contraction of over half ;t million in ( ' the spending capacity o£ the public. Coin j i and bullion held by the banks is also rather ; less, being at 30th June last £6,843,566, ] j compared with' £7,217,306 for the corres- 1 ! ponding period of 1929.