RESERVE BANK

Evening Post, Volume CXIX, Issue 98, 27 April 1935, Page 12

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.