RESERVE BANK

Evening Post, Volume CXVIII, Issue 35, 10 August 1934, Page 12

RESERVE BANK

ASSETS AND LIABILITIES

The statement of assets and liabilities of tho Reserve Bank of New Zealand as at the close of business on Monday, August 6, is published in the Gazette and is as follows: —

Liabilities: (1) Paid-up capital, £500,000; (2) general reserve fund, £1,000,000; (3) bank-notes, £7,791,444; (4) demand liabilities—(a) Suite £2,489,000 4s lid, (b) banks £14,536,522 11s lOd, (c) other £108 3s sd; (5) time deposits, —; (6) liabilities in cur-, reneies other than New Zealaud currency, —; (7) other liabilities, £27,034 10s 3d; £26,355,007 10s Sd.

Assets: (8) Reserve—(a) Gold £259,312, (b) sterling exchange £24,486,049 3s Sd, (c) gold exchange —; (9) subsidiary coin, £95,681 0s 2d; (10) discounts—(a) commercial and agricultural bills —, (b) Treasury and local body bills —; (11) advances —(a) to the State or State undertakings —, (b) to other public authorities —, (c) other —; (12) investments, £1,500,000; (13) bank buildings, —; (14) other assets, £13,904 17s 7d. £26,355,007 10s sd.

Proportion of reserve (No. 8 less No, 6). to notes and other demand liabilities, 09.R7 per cent.

The statement is signed by W. R, Eggers, acting chief accountant.