BANK ADVANCES

Evening Post, Volume CXXVI, Issue 6, 7 July 1938, Page 12

BANK ADVANCES

NEW ZEALAND INDUSTRIES

Of the New Zealand trading banks' total advances of £ 55,064,000 at the end of the March quarter, 1938, £18,102,000 was to farmers and £6,215,000 to industries allied to primary production. The rdassifieatibni of^ trading banks' advances is contained in.; the nqw pipnthly. statistical summary .Issued by tile Reserve Bank .of New Zealand. A cpjnparison of the \ppsition at the end of the December quarter of 1937 and al the end of the March quarter of this year (published by courtesy of the trading banks) is as follows:— ;

TBADING BANK ADVANXES. December, Marchi 1937. 1938. £ ■£, \ Farmers , 18,917,000 18,102,000 Industries allied to primary production 1 3,760,000 6,215,000 Other manufacturing and productive industries 4,091,000 4,642,000 Merchants 5,298,000 5,249,000 Betailers 4,083,000 4,080,000 Transport V........... 638,000 709,000 Xibcal bodies' and public utility concerns 1,303,000 719,000 Stock and station afeents 1,929,000 1,350,000 Hfttels . (public and 'private) 1,217,000 1,189,000 Entertainment concerns ...;. 401,000 364,000 financial companies, •societies, etc 2,179,000 2,150,000 Bellglous and charlt- . ■ . able 430,000 374,000 Professional 1,387,000 1,497,000 Private individuals.. 5,391,000 . 5,551,000 Miscellanedus 2,371,000 ; 2,871,000 totals £53,422,000 £55,064,000 • It:is noted in the summary that "where figures are given to a certain degree of approximation the total shown may not be the same as the sum of the items."