RESERVE BANK RETURN
NOTE ISSUE RISING
STERLING EXCHANGE
HIGHER
MARKETING ADVANCES FURTHER INCREASE
i Movements in the weekly statement I of assets and liabilities of the Reserve [ Bank of New Zealand as at the close ! of business on Monday, March 27, are 1 shown hereunder. [ Outstanding features in the return 1 this week are:— Reserve ratio 25.419 per cent.—limit ! 25 per cent. i Sterling exchange higher on the 1 week by £112,011. Note issue risen by £508,000. Advances to Marketing Department increased by £42,400. Advances to Government less by £250,000. The statement ol the assets and 'liabilities is all in New Zealand currency, including sterling exchange, and is as follows:— LIABILITIES. i £NZ s. d. £NZ. General Keserve -. _ Fund" ...... 1,500.000 0 0 Unchanged Bank-notes .. 15,334,046 0 0 *508,545 Demand liabiliUee— „ ., „„, „., (a) State ... 3,816,530 99 • tl.031,641 b Banks ... 9,041,185 17 11 ,*52,206 . (c)-Other ... 1,030,061 1 7 *574.217 L-abillUes ln currencies other than N.Z. cur- „-.„«_* », nT , rsnc y 33,540 3 '5 *1,0<3 Other liabilities > 318,355 10 5 »12,466 £3S*Z31,073,719 3 1 '♦If 6,867 ASSETS. SNZ a. d. Be( S_) yGol_ .... 2.801,791 0 0 (b) Sterling ex.change .... 4,659,874 8 9 Subsidiary coin . 228,168 4 9 Advances to State for Primary - Products Marketing Dept. . 7,431,055 5 11 Tor other purposes ....... 12,000,000 0 0 Investments .. 3,660,930 11 11 Other assets ... 291,899 11 9 SNZ. Unchanged *112,011 ♦24,306 *42,415 t250,000 *9,902 ♦178,233 £NZ31,073,719 3 1 *116,867 tDecrease. •Increase. ProDortion ol reserve (reserve less liability in currencies other than New Zealand currency) to notes and other Idemand liabilities, 25.419 per cent., /compared with 25.129 per cent, for the ' week ended March 20, 1939. The proportion of reserve as at the beginning of each month for the past year has been as follows:— .JFebru_.y 3I ll"::"^... 67.039 March J • SS* «::: :. «. g-g; July 4 -. • • '°.181 August 1 .:• ,*£\y September 5 £&■»*' Octobers _._ 67.259 November | .* ... *9.J6* December 5 .« •• • *»•»»* 1939. \ ...... January 2 ..* «■« January 9 ..*.... «•«• January 18 W/HTC ----- January 23 ....;...........•• . January 30, •• |5.i5 February 6 25.047 February 13 25.073 February 20 25.378 February 27 Zo.iSi Marcli 6 .......... 25.017 " March 13 .v.......... fo.026 March 20 ...........a..... 25.129 March 27 2a.419 The statutory limit is 25 per cent. STERLING EXCHANGE INCREASE. Sterling exchange held as assets Dy the Reserve .Bank of New Zealand for the past twelve months as at the first •week bf the month" showed the following variations: — 1938 SNZ January 3_ ........ Jf'ffiQO February .1 . .,..>.............• March 1, m.«.M.M... J5*?iKq« »_* .::::::^:^:::::: S:S S« ::*!./.I!.^'..... 17.801.588 ._?y 4 :::* ■_5,mi,»« Aucust 1 ........ 15,322,308 October Z n .. r . M ....... IW»W'» November 7 ..i... H„2'2«*. Decembers .............. 4,200.856 January 2 ............... 4'"Hi? January 9 ........ f'SSHS January 16 ......*........ H_t'io« January 23 ,.....;«.....«.. 4 '3|^26 January SO ..... HIHI5 February 6 *»?74.«W February 13 HSHIS February 20 . . ....j. i'PJMl? February 27 f^9,555 March 6 - fI2?'S2„ March 13. «.»W'«|« March 20 .% 4-547,863 March 27 4,6o9,874 ADVANCES TO STATE LOWER. Advances to the State for purposes other than for the Primary Products Marketing Department stand at £12 000,000, a decrease of £250,000 on the week. On March 14, 1938 they were nil. At February 27, 1939, they were shown at £12,800,000. Advances to the State other than for primary products since January 31, 1938, lave been shown as follows:— 1938 £NZ Januarv 31 .."....;. 1,100,000 February 28 ' 1^00.000 March 14 ~... »„■?«»« i 1]ne fi .j... 300,000 jun! 27 :.:.::£:...... 600,000 . July 25 II........ 1,900.000 August 1 ..i. 2.600.000 September 6 .....,., 3'<£_'222 October 3 ............... 4.5 5,000 November 7 ...... 8.050.000 December 28 .............. 11.200.000 1939 January 2 11,000,000 January J .I...::.. 10,830.000 January 16 10,970,000 January SO ..' ll'i»0.000 February 6 ...;.... 11.950,000 Fehruary 13 12,050,000 February 20 12,500,000 February 27 12,800,000 March 6 12,725,000 . March 13 12,665.000 1 March 20 12,250,000 March 27 12,000,000 LAST YEAR'S RETURN, ' The return as at March 28, 1938, 1 ;howed the following:— SNZ. General reserve ,J»500.000 Bank-notes 13,554,46 1 Demand- Liabilities- ; . * - 115(261 Banks "::......... 5,588065 Other 203.557 ! 2,801.7_91 i Sterling exchange 16'2oo'o?n Subsidiary coin i£U,46V I Advances to State— ,...,„ For dairy purposes 5'„Xn'™« For other purposes _00,ooo I Investments 2,971,98a | Other assets 75,(91 | Reserve to notes and other demand , liabilities 74.145 I.*. • ,—. I MOLYNEUX DREDGE SHARES IN LONDON. ' (By Telegraph—Press Association—Copyright.) LONDON, March 29. Molyneux dredge shares, buyers 3d, sellers 6d; Clutha River, buyers ls, sellers Is 6d.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 76, 31 March 1939, Page 12
Word Count
689RESERVE BANK RETURN Evening Post, Volume CXXVII, Issue 76, 31 March 1939, Page 12
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