RESERVE BANK

Evening Post, Volume CXXIV, Issue 14, 16 July 1937, Page 12

RESERVE BANK

NOTE ISSUE LESS

DAIRY ADVANCES INCREASE

The weekly statement of assets and •liabilities of the Reserve Bank of New .' Zealand, as at the close of business on -, Monday, July 12, showing movements compared with the return for July 5, is as follows: — LIABILITIES. £ s. d. £ General Reserve Fund 1,500.000 U « Cuclianjjcfl Bank-notes ... 12,62-1,802 10 0 'fT 1,331 Demuiul Liabilities— (a) .State .... 6,-1l)0,JXl ?> '1 *J77,555 (b) Hanks 0.012,221 G 10 *507,533 (c) Other .... SfiS.2fi3 13 T 1203,090 OtIUT liabilities . SU.US2 lj 1 *SSO £31.141,761 S S 'jll.auS ASSETS. £ s. <L & (ji) (,'old 2,801.791 0 0 CnchaneeC (lii Sterling exchange 20,000.9-16 in 5 "350.243 Subsidiary culn . 115,981) 1 8 *852 Advances to Slate on Dairy Industry Account '1,828,601 S C •■12,615 Advances to the State for other purposes 300,000 0 0 "100,000 Investments ... 2 !)00.4."0 0 0 Uuclianitert 'oilier assets ... KI.UOI 19. 1 M 7.517 £31,1-11,701 S S '311,358 TDecrease 'Increase Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency), 77.470 per cent., compared with 77.632 per cent, for the week ended July 5. The return a year ago as at July IS, 1936, showed the following:— Pa!d-np capital ' ij'iiloil '.Bank-notes : 10,lll>,UU Demand LiabilitiesSf'L 0,r.ft7,r,50 Other "2,(;6 2 Otlier liabilities S>J,oOo Keservo ~,, f"*Ol (1 ~...»•■••••••••• " T&" l|l"" Sterling exchange "s'oo'nn" Subsidiary coin 109,00. Investments 2'2?o'™2 Other assets •• -!.'•;-" Keserves to notes and otlier demand Si>ASi i).e. The proportion of reserve (less reserve liabilities in currencies other than New Zealand currency) as at the beginning of each month lor tne past year has been as follows:— 1035 rer cenv Außuit 3 M.OS 9 September 7 M.0,0 October 5 86.G08 November 2 JB.l-!0 December 7 -. <>'-'ll> 1937. January 4 68.533 February 1 J<> ■<>;>* March 1 67.8t2 April 5 ft»f May 3 l\S'\ .1 uno 7 £■"$£ July 12 ■ "-4' l' LONDON FUNDS. Sterling exchange held as assets by the Reserve Bank of New Zealand over the past twelve months as at the first weeks of .the months show the following variations: — 1036 ■>« k-r i,il v h Z2,l^U,Biß \ ~u"t S .... 19.483,18 a September I W.B« 195 October 5 IS'SJHSj November 2 1G.216,064 Dceember f 1G.78G.549 Unuar, 16.214.177 February 1 .March 1 lo'o-ln-'r MayV :::::::::::::::: IS:?i?:SSS lune 7 ".!."."."... 20,909,165 . f ::::::::::: iwS July 12 .".....' 20,096,947