RESERVE BANK

Evening Post, Volume CXXII, Issue 99, 23 October 1936, Page 12

RESERVE BANK

NOTES INCREASE

DAIRY ADVANCES RISING

The weekly statement or assets and liabilities of the Reserve Bank of New Zealand, as at the close of- business , on Monday, October 19, showing movements compared with the return for - October 12, is as- follows:-— LIABILITIES. £ 8. d. fi General Reserve Fund 1,500,000 0 0 Unchanged Bank-notes .... .11,330,778 10 0 *5,522 Demand Liabilities— (a) State .... 3,830,383 15 I) t243,704 (b) Banks .. 7,784,089 12 5 *584,904 (c) Other .... 318,020 7 5 ' "114,956 Other liabilities . 108,789 2 3 *7,657 £24,881,001 7 10 »469,335 ASSETS. £ s. a. a Seserve— (a) Gold ... 2,801,788 10 0 Unchanged (b) Sterling exchange ..16,542,855 2 9 f83,341 Subsidiary coin . 165,353 10 1 f2,663 Advances to State on Dairy Industry Account 2,417,217 15 11 ■•555,097 Advances to tho / . • State for other purposes ... ' 700,000 0 0 TJnchanged Investments ... 2,186,244 4 1 Unchanged Other assets ... 67,602 5 0' *241 £24,881,061 7 10 *469,335 tDecrease Mncreasa Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency), 83.123 per cent., compared with 85.170 for the week ended October 12. The return a year ago as at Octpber 21, 1935, showed the following:— s s. 6. Paid-up capital 500,000 0 0 Reserve v - 1,000,000 0 0 Bank-notes 8,958,482 10 0 Demand LiabilitiesState 5,762,748 7 8 Banks 4,751,683 '6 0 Other 747,440 1 S Other liabilities 93,127 10 0 Eeserve— Gold 2,801,732 10 0 Sterling exchange 17,259,265 16 5 Investments 1,515,293. 1 9 Other assets ... 22,090 15 3 Reserve to notes and ether demand 90.212p.c. ■■• The proportion of reserve (less reserve liabilities in currencies other than New Zealand • currency) for the past six weeks was as follows:— Percent. September 7 93.010 September 21 89.694 Septer'ier 28 88.504 Octree 5 86.698 . October 12 85.170 October 19 83.123 FOREIGN EXCHANGE RATES Closing sight rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies, based on New Zealand currency, are as follows: — Buying. ■ Selling. On demand. On demand. New Zealand on £ s. d. £ s. d. London— £N.Z. to £ stg. 100 ...123 10 0 124 8 9 Australia—£A to £N.Z. •100 .101 0 0 100 10 0 Fiji— £F to £N.Z. 100 .00 7 0 89 0 0 New York — Dollars to £N.Z. 1. 3.96% 3.92% Montreal—Dollars to £ N.Z..1 3.96% 3.92% Austria—Schillings to £ N.Z. 1. — 20.60 Bel'MuiD —Belgas to fi N.Z. 1 — 23.199 Czechoslovakia — Crowns to £N.Z. 1 — Denmark—Kroner to £ ' * ; N.Z. 1. 18.263 17.903 France—Francs to £ . . N.Z.I — 54.34 . Gormnnv—Rei'chmarks . to ■• £N.Z. 1 — 3.702 Holland—Florins to £ . N.Z. 1. — 7.236: • Italy—Lire to £N.Z. I.,'— 74.48 • Java—Florins to £N.Z. . 1. -< 7.214 Norway—Kroner to £■■ ■• N.Z..1. 1G.241 15.901 Sweden—Kronor to £ N.Z. 1 15.845 15.500 Swltz»r!and—Francs to ■ £N.Z. 1 .....— ■ 17.018 Noumea—Francs to £ N.Z. 1. -r- 52.99 PSne»te —Francs to £ N.Z. 1 -. — 83.14 Hong Rons —N.Z. pence . to 1 dollar 18%' .. 18 49-64 India and Ceylon—N.Z. ' pence to 1 rupee '..i. 2211-33 '22 41-64 Hapan—N.Z. pence to 1 ' . . . ', yen — , 1733-64 Shanghai—N.Z. penco to ■ 1 dollar .....;.;.... 17 45-64 18 7-32 Singapore—N.Z. pence to c ' ■% 1 dollar ............ 34% 353-16 Chefoo—N.Z. pence .to. 1 dollar .. :.;.. 1745-64 18 23-64 The above rates are for on demand transactions. The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice. ' Based on the figures 'quoted by the Bank of New South- Wales the New Zealand pound, . compared • with ; its original par value, is , equivalent to approximately:— ' , ' £ a. d. 0 16 1 in London. 10 1 in : Australia. " 016 1% in TJ.S.A. i - s5- • 0 16 1% in Canada. 0 13 7 in France, *r: 016 Hi in Italy. life£ 0 9 6 in Germany ■■;-^1 * 0 11 11 ia. ■ Java. . •'<-«. 18 OH /to' Japan.- ■■**■ . PRICE OF GOLD ~" JBf Telegraph—Press Assn.—Copyright.) (Received October 23, 10 ajn.) LONDON, October 22. The price of fine gold per ounce, 142s Id. s. d. October 21 ............ 142 1J October 20 142 3J October 19 142 4J October 17 142 2J October 15, 16 142 1 October 14 ....'. 142 0 . Optober 12, 13 .......... 141 11 1 October 10 141 10J October 9 ..; 141 10 ' October 8 142 3 October 7 142 0 . October 6 141 7 ' October 5 ............. 141 0J October 2, 3 141 0 - " October I /..... 140 5J 1 September 1 .....i 138 2J August, X 138 8 ; July 1 139 0J: , ' June 2 ...., 139 2. May 4 140 4 ■ r May 1. 2 140 10 < April 1 140 8 . March 2 ................ 141 1}: February 1 141 0 ' January 2 141 4 PRICE OF SILVER. : (British Official Wireless.) RUGBY, October 21. , Price of Silver.—Spot, 19 13-16 d per ' oz; forward, 19 13-16 d. '.. . JAVA EXCHANGE. (By Telegraph—Press Assn.—Copyright.) • (Received October 23, 10 a.m.) BATAVIA, October 22. C Sterling exchange, 9.05J guilders to £1. , The rate on October 21 was 9.07}. BRITISH WAR LOAN. (British Official Wireless.) RUGBY, October 21. The British War Loan, 3J per cent., is quoted at £107 17s 6d.