RESERVE BANK
FALL IN LONDON
FUNDS
NOTE ISSUE RISING
The weekly statement oi assets <md liabilities of the Reserve Bank of New Zealand, as at the closs of business on Monday, September 6, showing mdvements compared with the return for August 30, is as follows: —
LIABILITIES. £ «. d. & General Reserve Fund 1,500.000 0 0 Unchanged Bank-notes .... 12,913,087 0 0 *119,331 Demand Liabilities— (a) State .. 5,472,141 2 0 1801,3-12 (b) Banks .. 8,450,126 17 8 t1.455,066 ■ (c) Other .. 715,106 18 1 t60.341 Other liabilities 92,521 5 4 t626 £29,142,983 3 1 t2,077,361 ASSETS. i. 8. d. £ Reserve— (a) Gold 2,801.791 0 0 OncnaneeC (hi Sterling exchange ... 15,794,615 1 S f1."60,549 1 Subsidiary coin . 96,693 9 3 t4,459 Advances to State on Dairy Industry Account 3,979,561 4 5 t50.,e!0 Advances to the State for other purposes 500.000 0, 0 5200,000 Investments 2.906,450 0 0 Unchanged Other assets ... 63.572 7 9 f4,613 £29,142,983 3 1 t2,077,361 fOecreaso. 'Increase, Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency), 78.388 per cent., compared with 78.836 per cent, for the week ended August 30. The return as at September 7, 1936, showed the following:— £ Paid-up capital , Bank-notes 11,061,011 Demand Liabilities— State S,Bi 0,471 Banks 6,073,392 Other 253.994 Other liabilities ... • 94,n0 Reserve — Gold .. ". 2.801,733 Sterling exchange 18,847,195 Subsidiary coin ■181,843 Investments 2,038,324 Advances to State ill.hlo Other, assets ••• 274,727 Reserves to notes and other demand 93.070 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 l'« «n* September t 93.0.0 ■ October 5 ««■«?» November t .. XS.S December 7 ; 73.46 1937. January 4 8*,; 5,?A February 1 I««55 JSSS". 1..:::::::::::::::::::]^ July 5 "832 Augusts ™.6.6 August 30 .... ' J8.83G September 6 ■ iB.3bS 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: — 1936. £ , ' September 7 18,847,195 ' October 5 16.646,101 November t 16- 21H!!2 December 7 16,766.549 1937. ■5KS&V:::::::::::::: ift&iji £> ::::::: SjSKS July 5 '.'.'."."'.'. 19.746.704 ' August 2 IS'IIS-?!! August 30 20,dd5,164 September 6 .' 18,704,613
FOREIGN EXCHANGES
Closing direct rates as quoted by me Bank' of New South Wales,, Wellington, today for buying and seUing foreign currencies based on New Zealand currency were as follows:—
The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice.
Based on the figure quoted by the Bank of New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately 16s Id in London. £1 Os Id in Australia, 16s 4d in U.S.A., 16s 4d in Canada, 17s Ojd in France, 16s 4d in Italy, 9s 7id in Germany, lls lOd in Java, and £1 8s Id in Japan-
New Zealand on £ s. d. £ s. d. London—£ N.Z. to £ sts. 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 9 Australia—£ A to £N.Z. 100 T.T. & O.D. 101 0 0 100 10 0 Tiji—£F. to £N.Z. 100 T.T. & O.D. 90 T 6 ' 89 0 0 New York—Dollars to £ N.Z. 1 T.T. 4.0016 3.964T O.D. 4.0016 3.9687 Montreal—Dollars to £ K;Z. 1 T.T. 4.001S 3.9669 O.D. 4.0143 3.9700 Austria—Schillings, to £ N.Z. 1 T.T. — 20.78 O.D. — 20.79 Belgium—Belgaa to £ N.Z. i: T.T. 23.702 ■ 23.482 O.D. 23.867 ,23.493 Czechoslovakia — Crowns to £N.Z. 1 T.T. — 112.96 O.D. — 113.01 Denmark—Kroner to £ N.Z. 1 T.T. 18.203 17.893 O.D. 18.263 17.899 Tra'nce—Franca to £ >-,Z. 1 T.T. 110.35 108.35 O.D. 110.95 108.39 Germany—Helchm'fcs to £N.Z. 1 T.T. — 9.834 O.D. — 9.S3D Holland—Florins to £ N.Z. 1 T.T. 7.323 7.173 O.D. 7.363 7.177 Italy—Lire to £N.Z. 1. ; O.'d! — 75.42 Java—Florins to £N.Z. 1 T.T. 7.295 7.14.J O.D. 7.335 7.119 Norway—Kroner to £ N.Z. 1 T.T. 16.182 15.892 O.D. 16.242 15.898 Sweden—Kronor to £ N.Z. 1 T.T. 15.785 15.490 O.D. 15.845 15.496 Switzerland —Francs to . N.Z. 1 T.T. 17.486 ' 17.216 O.D. 17.591 17.221 Noumea —Francs to £ N.Z. 1. T.T. 111.60 107.60 O.D. 112.80 ' 107.64 Papeete—Francs to £ NZ. 1 T.T. 111.60 • 107.55 O.D. 112.80 107.59 Hone Kons —N.Z. pence to 1 dollar T.T. 18 29-64 18 53-61 O.D. 18 27-64 IS 53-61 India & Ceylon—N.Z. pence to 1 rupee „ 7 T. 22% 22 21-32 O.D. 22 11-32 22 21-32 Japan—N.Z. pence to 1 ■ yen T.T. — 17 33-04 O.D. — 17 33-64 Shanghai—N.Z. pence to 1 dollar T.T. — 18 7-61 O.D. — 18 7-64 Singapore—N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 13-64 Chefoo—N.Z. pence to 1 dollar T.T. ■ — 18 35-64 O.D. — 18 17.-32 Manila—N.Z. pence to 1 peso T.T. 29 49-64 30 17-64 O.D. 29 43-64 30 17-64
Highest Yield. / price. p.c, p.a ' £ g. d. £ a. d Wellington. Inscr. Stock, 4 p.c, 15/2/1043-46 ....a. 103T 0 0 3 11 C Bank of N.Z 2 5 Vk 4 8 7 Nat. Back of N.Z. o.s. 2 18 0 3 9 3 Howard Smith 115 3'10 0 Auckland Gas (contr.) 0 15 1 5 9 4 Wgtn. Woollen (ord.) a 12 0 5 7 1 Broken Hill Pty 3 IS 0 3 4 1 Cons-olid. Brick 0 8 3 — Electro. Zinc (pref.) * 3 0 0 5 16 8 G. J. Coles 4 16 0 3 18 1 Tarahaki Oil ; 0 7 1 — Xemona Q 1.6 — Mount Lyell 2 2 4 4 14 0 Moimf Morgan 0 11 0 — ■ Unofficial list: McKenzies Dept! Stores .- 4 S 6 — Selfridgcs (W.A.) (10s ; paid) ■ 0. 18 0 — Woohvorths, Ltd. .. 6 18 0- 1 16 2 Auckland. Inscr. Stock, 4 p.c, 15/2/1043^46 a. 103 0 0 3 11 6 Inscr. Stock, ZVz p.c, 15/11/1938-52 ...a. 104 5 0 3 7 10 Newmarket Boro. 4 ]/i p.c,-1/6/1948 106 0 0 — Com: Bank of Aust. u. 0 17 8 3 15 5 Nat.'Bank of N.Z. o.s. 2 18 3 3 N 8' 8 Bank of N.Z '250' 4 8 10 N.Z. Guarantee Corp. 0 5 0 5 16 S Auckland Gas, cont. . 0 15 0 5 10 0 Felt and Textiles ... 200 4 13 9 British Tobacco 2 9 9 2 16 3 Colonial Sugar . 47 2 6 3 3 7 Radio' (1036) .129 13 3 8 Taranaki Oil 0 7 0 — Union Oil 17 0 4 10 10 Unofficial List: Woohvorths, Ltd. .. 6 19 0 115 31 Waikato Carbonisation 95 10 0 — Christchurch. Com. Bank of Aust. u. 0 17 8 3 15 a Bank of N.Z 25 0 4 8 10 Beath and Co. ....... 12 4 4 9 o Broken Hill Pty 3 17 0 3 4 11 Colonial Sugar 47 7 6 333 Dunlop-Perdriau .... 13 0 6 18 G. J. Coles 4 16 9 3 17 5 Hume Pipe ' 1 0 2 5 19 0 Taranaki Oil 0 7 6 — Broken Hill South ..* 2 7 6 7 7 4 Mount Lyell ' 2 2 3 4 118 Mount Morgan 0 10 9 — Unofficial- lift: Woohvorths, Ltd. .. 6 14 (k 1 17 2 Ballin's Breweries, 15s •paid 0 14 6 — Dunedln. Bank of N.S.W. ..u. 32 10 0 3. 4 7 Bank of N.Z 2 5 0 4 8 10 Broken Hill Pty. ... 3 17 3 348 Gordon and Gotch .. ' 2 13 9 4 9 3 North Broken Hill * 3 13 9 — * —Cum div. a. —Market' price includes accrued interest but not brokerage, o. —Free of English income tax. s.—Paid in sterling, u. —In Australian currency. I
Permanent link to this item
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Bibliographic details
Evening Post, Volume CXXIV, Issue 62, 10 September 1937, Page 12
Word Count
1,219RESERVE BANK Evening Post, Volume CXXIV, Issue 62, 10 September 1937, Page 12
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