RESERVE BANK
GOLD HOLDING LOWER
STERLING EXCHANGE HIGHER
The return of the Reserve Bank of New Zealand for the week ended April 22, when compared-with "that for the week ended April 10, shows an, inercas'o in the note issue of £31,589. Deposits of the trading banks] arc reduced by £82,105. Cover .v meut'.deposits are increased by £247,000, and other deposits are down by £711. Other liabilities have increased by £2744 The:assets show a reduction in the gold | held of from £3,001,731—at which it has, I stood •• for the past four months —to ! £2.5'01';731. The bank began with a goldholding, taken from the trading banks. amounting to, £259,312. This was in creased to £4,351,727 on September 10 of ' lafet year, and was reduced to £3,551,727 on October 1. It was still further reduced towards the end of October, and by November 5 it was down,to £3,001,727. at which figure it remained until April 15. * The sterling exchange account at £22,484,908 • shows an increase for this week of £417,007. Investments show no change, but "other assets" are less n.i the week'by £1620. ..,..■ The detailed statement for the week ended April 22 is as follows:— ■
y I.UBll.lTU'IS 'i "' £. s. d. Paid-up capital ■ 5U0.O00 0 0 Uencrat ircserve Knnd .... I.000,000 0 0 Bank-uolea , 0,430,050 10 I; Drimiixl liabilities— (a) State ■ 12,3S3.S28 3 U II,) Bank* 4,174,0.31 Hi 30 (c) Other .' 7.310 12 11 l'inie deposits " — Liabilities' Hi currencies utlier than New Zealand currency > ', — ~ Otliev liabilities 84,253 5 S . £27,597,503 8 3 ASSETS. Keser.ve—■ ■'£■ *• d. • (a)-Gold- ■- 2,801,731 0 0 (b) Sterling exchange .. 22,484,908 11 1! (c) Gold exchange — Subsidkty coin 173,071 12 <) Discounts— (a) Commercial and .ngriculturnl bills —• (b) Treiisiity and localbody bills —• Advances--(a) To the State or State undertakings • (b) To other public authorities — k (c) Other '' — Investments 2,090,S07 3 0 ISatik buildings — Other. assets '.23,3Sj 1 '!. £iI7,, 13 t79,j03 8 S • Proportion of "reserve to notes and other demand liabilities. 97.27 per cent.
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Bibliographic details
Evening Post, Volume CXIX, Issue 98, 27 April 1935, Page 12
Word Count
320RESERVE BANK Evening Post, Volume CXIX, Issue 98, 27 April 1935, Page 12
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