RESERVE BANK

Evening Post, Volume CXXIV, Issue 26, 30 July 1937, Page 12

RESERVE BANK

DAIRY ADVANCES REDUCED

NOTE ISSUE STEADY

The weekly statement or assets «md liabilities of the Reserve Bank of New Zealand, as at the close of business on Monday, July 26, showing movements compared with the return for July 10, is as follows: — LIABILITIES. £ s. d. £ General Reserve Fund 1,500.001) 0 0 Onchnnced Bank-notes 12,590,827 10' 0 *10,155 Demand Liabilities— , (a) State .... 6.418,396 o,l' *296,977 (b) Banks ... 9,761,805 17' 1 t446,473 (c) Other .... 962,45S 11. 0 .:. t2.»34 Other liabilities . 103,524 2 10 '2,502 £31,339,012 10 t133,743 ASSETS. £ s. d. £ Keserve— '■■'.' • (a) Gold 2.501.791 0 .0 Unchanged <b> Sterling exchange ....20.559.070 7 2 "269.242 Subsidiary coin . 112,125 17 2 t6OO A chances to State on Dairy Industry Account 4,277,732 19 8 t427,187 Advances to the Slate for other purposes 300.000 0 0 Unchanged Investments 2,!J06,450 0 0 Unchanged Other assets 51.541 17 0 «IS,SU3 £31,339,012 1 0 H30.743 rliecreasa. 'Increase. Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency), 79.576 per cent., compared with 78,296 per cent, for the week ended July 19. The return as at July 27, 1936, showed the following:— £ Paid-up capital ........ ...... 1.500.000 Bank-notes 10,177,7U3 Ueniauu Liabilities— , State 11,128,973 Banks 0.372,1i41 Other 749,822 Other liabilities 94,633 Keserve — Gold 2.501.733 Sterling exchange 22,129,379 Subsidiary coin 100,1SS Investments 2,035,319 Other assets 207,152 Reserves to notes and oilier demand 90.523 p.c. 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:— 1938. Per cent. Au»ust 3 96.059 September 7 93.070 October 5 .'..... 86.698 November 2 ?5.121> December 7 73.46 1937. January 4 63.533 February 1 70.555 March 1 6T.«62 April 5 ,72.5">S May 3 T3.374 , Juno 7 75.581 July 5 77.632 July 19 75.29S July 26 79,376 LONDON FUNDS. Sterling exchange held as assets by the Reserve Bank of New Zealand over the past twelve months as at the 1 first.weeks of the months show, the following variations:— :' '--_ 1938 X • Auzust 8 ...; 19.453.188 September r .13.847.1!)5 October 5 -16.646,103 November 2 ,16.216,964 December t 16.766.549 1937. January 1 16.2U.171 February 1 18,769,538 Atarch 1 17.458.177 April 6 19.272.U55 May 3 20,137.900 June 7 .20,909,165 Juna 28 21.542.6M7 . July 5 13,746.704 July 1!> 20.559.529 July 26 20,53 D,070

Highest field. price. p.c, p.a £ s. d. £ s. d. Wellington. Inser. Stock, 4 p.c, . 15/4/1916-49 a. 104 lo 0 3 11 5 Inscr. Stock, 3% p.c, . 1953-37 a. 9S 7 6 — " Inscr. Stock, 3% p.c, 3/193943 a. 102 15 0 3 8 7 Bank of X.Z 2 4 S 4 9 6 Auckland Gas * 118 5 16 Consolid. Brick 0 9 2 — Dunlop-Perclriau ... 13 7 4 4 9 North Broken Hill . 3 15 0 — Unofficial list— , ■ McKenzies Dept. Stores 430 444 Woolworths Ltd. .:., 6 13 9 1 17 4 Auckland. ; Inscr. Stock, 3 p.c. - 15/7/1039-41 a. 98 15 0 — Inscr. Stock, 3V2 p.c, 15/1/1853-57 a. 98 15 0 — Comm. Bank A list, u.* 0 IS 2 3 4 2 Bank o£ X.S.W. ..u.* 34 15 0 3 0 5 Bank of X.Z 2 4 6 4 9 10 Xational Insurance .. 0 IS 0 4 3 4 South British Ins..... ' 418 0 ■ 2 14 5 Traders' Finance (contr.) 04 4 6 18 5 Dominion Breweries . 2 4!) 4 0 5 X.Z. Breweries 2 10 0 3 7 3 Australian Glass ... 4 15 6 3 2 9 British Tobacco ...* 2 10 0 3 4 0 Broken Hill Pty. ... - 4 3 9 2 10 8 Consolid. Brick:....* 0 9 5. — Dunlop-Perdriau . ■.;'.. 1 3 9 4 4 2 G. J' Coles .......b* 5 10 0 .. 2' 5. 5 Radio (1936) ..:...... 1 5. 0 . — Woolworths (Victoria) (pref.) :......:....- 1.8 0 5 0 0 Alexander Mines (laspaid) ...; 0 13 0 - ! Mount L.vell ........:. -2 2 ( ' 4 13 11 Mount Morgan .....". 011 2 . — Unofficial- list— - Silknit Ltd. .'.....'... 2 10 .0 — • ■ • Chrlstchurct). Bank -of- X.S.W. ..u.* 34 15 0 3 0 5 Bank -of X:Z. ~. 2 4 9 4 9 4 S:/, Kefrig. .."....:. 0 19 10 5 10 10 S.Z. Refrig. (10s pd.) 0 9 8 5 13 9 Australian Glass ... 4 15 2 3 3 0 British Tobacco 2 9 G 3 4 7 Dunlop-Perdriau .... 13 8 4 4 6 G. J. Coles b. 5 10 0 2 5 5 Hume Pipe ........ 10 5 4 17 11 Taranaki Oil ........ 0 4 11 — Woohyorths . (X.Z.), ' rights 4 5 0 — X-.Z. Xewspapers-.'.. 1 16 6 3 8 6 Radio (1936) Ltd. ... 15 0 — Broken Hill South ... 2 7 10 — Xovth Broken Hill .. 3 15 1 — Kawang Tin 0 12 6 — Broken Hill Pty 4 3 10 3 10 7 Unofficial list — Woolworths Ltd. ... 6 13 6 1 17 4 Dunedin. X.Z. Insurance ...* 3 6 0 3 0 7 X.Z. Breweries ...... 2 10 0 3 7 3 Broken Hill Pty. ... 4 2 6 307 G. J. Coles *b. 5 10 0 2 5 5 Broken-Hill South .. 2 7 10 — Mount Morgan 0 11 3^ — * —Cum div.' a.—Market price includes accrued interest but not brokerage. ' b.—Bonus issue pending, u.—In Australian currency.