TRADE AND FINANCE

Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 8

TRADE AND FINANCE

"Produce & market reports from day to day

--RESERVE BANK

NOTE ISSUE LOWER

'DAIRY ADVANCES INCREASE

The weekly' statement ol assets and suabilities of the Reserve Bank of New Zealand,,as at the close of business on June 14, 'showing movements IfcCiinparfed1 with the return for. June 7, js aa follows:--UIABIUTIEB. , Q S. Cl. fi Central Kes_r.o .Jund 1,500,000 0 0 Onchanscd «i&i_l.-n-t_s: :... 12,842,563 0 0. t26,224 f^rito U1!!!5^106.734 9 8 »050,400 '(b) Banks ... 8,092,802 18 3 f63,566 ; ~..<c) Other,. . 884,477,11 9 •02,270 'fithOT liabilities: A 127,673 410 '3,309 ..£32,154,251 4 6 '350,291 ASSETS. : fi ' s. a.' s Reserre-^' ■' '- • ' ' - ■ (a) Gold .v.i. 2,801,791 0 0 Cncbanse. »-r,(b) Sterling ex- _.._.„„.. H*-™ change. ... 21,243,372 1 7 »215,206 SSSbSidlary 'coin.,. 112,107 3 10 ,'233 to Stata $T.M_ Dairy In* _...,„-- LV/diistry Account 4,932,331 1 ll *14.,9d3 Advances to tho Bta_e for other -.purposes .... > 200,000 0 0 Cnclian_ed t_7eStment3 ..-.. 2.90(1,450 -0 0 Unchanged Other assets ..... 77,179 15 2 tS.IOO A-E '■ '■ -'. £32,15i;_51 46 ' '356,291 fOecrease. 'lnc-easo. 1 Proportion JoJt reserve (reserve less liabilities in - currencies other than New '.Zealand - currency), 78.378 per c.grit.. 'compared with 78.581 per cent, for: the week ended June 7. f-.The return a year ago as at June 15, J936. showed the following:— Vata-up capital i.SOO.uuo Bank-note. '....:...; 10,019.330 Demand Liabilities— S'tato'-- ,'.' .. 9,708,407 Banks 7,095,343 Other- 116,637 Other liabilities ..;..:; 83,661 Liabilities ln currencies other than -New.'Zealand"currency 18,600 Beserre— Gold 2.8111 Mi Sterling exchange 23,188.007 . ( Subsidiary coin k 198,214 4 > Investments i 2,014,837 assets , 264,187 y ». Reserves to notes and other demand 96 716 p _. |£,r.'The proportion ol reserve (less reiffgrve liabilities in curuencies other tthan New -Zealand currency) as at Jjthe beginning ,of |each month for the Jps-St year has been' as foljows:— " 1936. ' I Percent ' -Tune 1 ' , ' . 96.718 v July 6 1... 66 458 --■ August 3 96 OS9 "* "Septemljer t. ■ 83.070 -•- -October 5 ,i. 86.698' "■ Nofembep 1 .-. 78.120 December ? • ~.,,..,.., 73.46 MST. -.-. January 4 88.533 February 1 ............. 70.855 March 1 67 862 , April 9 ». 72.538 * MayS 73.374 ' Juna 7 78.581 I Juna 14 78.378 LONDON FUNDS. * Sterling exchange held as assets by ; the Keserve Bank of New Zealand {over the past.twelve months as at the , first weeks of the months show the foij lowing variations:— [ mt. - >• c v . Juna 1 23,488,363 July 8 22,120,873 ! August S '-. 19,483.133 , September f 18.847.195 * Octobers 10,646,102 November 1 16,210,964 De.emtx.rr ............. 16.766.549 J 193 T. < January 4 16,214.177 < Jcbruary 1 15.769,-38 March 1 17,458,177 April J 18,272.055 MayS 20,137.900 I June 7 ............ -. 20,909,165 I June 14 21424,372