TRADE AND FINANCE
PRODUCE & MARKET REPORTS FROM DAY TO DAY
RESERVE BANK
NOTE ISSUE EXPANDS
STERLING FUNDS HIGHER
■the weekly statement of assess and liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday, March 8, showing movements compared with the return for March 1, is as follows: — / LIABILITIES. ; £ .«. (1. . ' £ ■ General • Keserro Fund 1,500,000 0 0 Unmanned Bank-notes 13,025,226 10 0 '303,410 . Demand Liabilities— i (a) State 9.200,398 10 9 *2.414,590 . (b) Banks .. 7,328,794 14 3 f 2,806.456 (c) Other ... 159,951 • 5 4 ji'.Sii Other liabilities . 143,310 14 7 «1.248 £31.3G3,G51 11 11 T132.776 ASSETS. . ■• £ s. d. £ Keserve — (a) Gold 2,501,701 0 ■ 0-• "1 lb> K ne B "• 17,074,119 010 -215.941 Subsidiary coin . 157,371 S. -1 *SO7 Advances to dtato on Dairy Industry Account G,253,351 10 7 f429,030 Advances to the State for other purposes .... 1,800,000 0 0 tnchanged Other 100.000 0 0 •100,000 Investments i,4r.3,0!i0 0 0 Unchanged Other assets .. . 91,908 15 2 120,411(5. £31.303,631 14 11 f132,77C fDecrease 'Increase. ■ Proportion of reserve (reserve less liabilities in currencies other than New Zealand' currency), 68.895 per cent, compared with 67.862 for the week ended March 1. The return a year ago as at March 9, 1936, showed the following:— MS capltal ■:•::::::::::::. i!& Bank-notes ...- 9,859,5T7 Uemand Liabilities.Banks :::::.::: - ».m%* Other liabilities 131,718 *"gM~ .-»... 2,801,703 Sterling exchange '24,063,799 ■■ Subsidiary Coin 197,192 Investments 1,784,343 Other assets „'.}- ISesorvo to notes and other demand !)S.i>9i The proportion of reserve (less reserve liabilities in currencies other than New Zealand currency) as at the beginning of each month for the past year has been as follows: —.. ■ 1936. . - Per cent. ' March 2 ..' .. 98.392 April (J 98.377 May 4 97.97 June 1 ........' 96.718 • July 6 96.458 August 3 90.080 . September r 93.070 ' Octlber 5 86.698 November S .............*'... T8.120 December 7....... 73.46 January 4 '• (18.533 ■ February 1 iO.So.j March 1 87.862 • March 8 68.895
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370312.2.152
Bibliographic details
Evening Post, Volume CXXIII, Issue 60, 12 March 1937, Page 12
Word Count
309TRADE AND FINANCE Evening Post, Volume CXXIII, Issue 60, 12 March 1937, Page 12
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