NOTES INCREASE
STERLING EXCHANGE MORE
The weekly statement of assets and liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday. March 22, showing movements compared with the return for March 15, is as follows: — (.(ABILITIES. £ s. d. ' £ .' ienenii Reserve Fund 1,500,000 H 0 Cnctinnsicn Bank-note.-, . .. 13,136,937 0 0 *91,612 Demand Liabilities— ■ ' (a) State 7,885,545' 0 0 tl.-133.087 (n) Banks ... 8,472,788 0 (I *921,753 (c.) Other ... 114,030 0 0 t202,5«2 I Other liabilities . 154,231 (1 0 »2,308 £31,263,531 0 0 t539,995 ASSETS. £ s- d. £ ' I Iteserve— (a) Gold 2,801,791 0 0 Unchanged (b) Sterling oxchange .. 18,865,743 0 0 *57fi,228 Subsidiary coin . 155,444 t947 Advances to estate on Dairy Industry. Account 6,052,328 0 0 f56,040 Idvances to the ! State for other purposes .... 300,000 0 0 fl, 000,000 Other advances . 50,000 0' 0 t25,000 investments 2,453,050,0 n Unchanged Other assets .. 85,175 : 0 0 t24,236 £31,263,531. 0 0 f539,995 TDecrease. 'Increass. Proportion of reserve (reserve less liabilities in. currencies other than New, Zealand currency), 73.178 per cent., compared with 69.95 for the week ended March 15. The return a year ago as at March 23, 1936, showed the following:— a Paid-up capital 50(1,000 Reservo 1,000.000 Bank-notes 9,979,576 Demand Liabilities— State 8,602,768 Banks : 9,649,933 Other 136,898 Other liabilities - 143,886 Seserve— • Gold .;..: „. 2,801,733 Sterling exchange 25,147,288 Subsidiary coin 202,854 Investments 1,821,303 Other assets 39,733 Reserves to notes and other demand ' 98.518 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:— 1930. Per cent. April « 98.371 May 4 97.97 •tune 1 ..... 86.71 X July 8 96.458 Augusts , 96.089 (September ' I 93.070 Octtbec S 86.89H November 2 T8.120 December X ~ 73.46 1937. • j January 4 , 68.53S ] February 1 70.855 March 1 67.862 March-15 ' J 6)1.95 < March 22 . 73.178
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https://paperspast.natlib.govt.nz/newspapers/EP19370325.2.146.1
Bibliographic details
Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 14
Word Count
306NOTES INCREASE Evening Post, Volume CXXIII, Issue 71, 25 March 1937, Page 14
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