THE TRADING BANKS
JULY RETURNS
ADVANCES REDUCED
DEPOSITS INCREASED
Returns of the six trading banks doing business in New Zealand as at the close of business on July 31, 1939, compared with returns for June 26, as furnished to the Reserve Bank of New Zealand, are as follows: — LIABILITIES
June 26. July 31. £XZ £NZ l>em;inn liabilities in • New Zealand ... 37,276,032 *37,044,033 hint Mainline* In New Zealand 29,426,384 29,702,084 iH-iUiiuu liabilities elsewheit than in X.Z Incurred in respect of N. 2. business 2,307,322 2,442,720 time iiitimitms elseivhert it,ao tti NX incurred In respeci of X.Z. business . 284,503 203,425 \ Z niisitiesi' excessl • il Hssels over liabilities 18,958,42S 18,000,610 Totals £55,282,669 £87,395,480
N ASSETS. lleserve tiaiauces lield In Reserve Banl« or New Zealand 9,624,099 10,761,101 iiniiseat, issetj In respeci ot New Zeala.-io nusiness— (1) In London . 4,068,955 4,592,140 (2) Elsewhere . 1,467,107 1,473.233 ISoiti mil j.n\r, bullion held in N. 55. . 237 204 Siil>si«(i;ir\ -oiti neld in N.Z 752,492 719,600 Advances in X.Z. . 54,422,266 03,401,196 Discounts 667.056 765.124 li.siui. K*nK ot N. 51 notes 3,935,480 S,-joa,Sii Set;uriiiw nelo In New Zealand— (1) Government . 10,610,379 10,006,■ 31 (21 other 'hart Government 261,300 209,08 fa Value or lauii tmllUInss, furniture fittings and equipment held in N.Z. 1.572.356 1,808,119 Totals £55T282,669 £87,395,480 *Includes transfers from Bank of New Zealand Long-term mortgage fund of £459,061. Aggregate unexerclsed overdraft author!, ties:— 193!t •£ June 26 23.973.221 July 31 23,549,121
OVERSEAS FUNDS Overseas assets m respeci to New Zealand business held by the oanks in London and elsewhere than in London at the end of July for the past three years" were as follows: — London Klspwtiere Total July. £ £ £ „,„ ]9H7 11,225,913 4,729,105 15,9un,31S 1938 7.261,211 2,895,45!) 10,156,670 1939 4,592,140 1.473.535 0,065,975
DEPOSITS AND ADVANCES Deposits, free and fixed, at June 26 and July 31, with advances and discounts, were as 'follows: — June 26. July 31. £ £ Deposits 06.702,410 S?'™!'™ Advances 55,090,252 a4,1b9.320 Excess deposits . £11,612,164 £12,577,399 The excess of deposits over advances as at the end of July for the past three years was as follows: — mo;" 19,958.154 tqoo ~., 10,874,119 i 939 ::;.'.".' 12,577,399 The position of deposits and advances as at July 25, 1938, was as follows:— £ Free deposits 34,785,160 Fixed deposits 30,796,441 Advances 54'?^'?r? Discounts , 409,4j4
FOREIGN EXCHANGE RATES
Closing direct rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies, based on New Zealand currency, were as follows:— Buying. Selling. £ s. d. £ s. (1. London—£NZ to £stg. inn T.T. 124 7 6 125 0 0 O.I). VIZ 18 9 124 19 6 Australia—£ A to £NZ „„,„,>„„ 100 T.T. 100 10 0 100 0 0 O.D. 100 10 0 100 0 0 Fiji—£F to £NZ 100 J T.T 90 0 0 88 12 6 O.D. 90 0 0 88 12 6 Union of South Africa— £NZ to £SA 100. T.T. 123 4 3 124 17 0 O.D. 122 17 0 124 17 0 New i'ork—Dols to £NZ 1 T.T. 3.7743 3.7310 O.D • 3.7793 3.7320 Montreal —Dols. to £NZ I T.T. 3.79G6 3.7567 O.D. 3.8053 3.7577 Belgium—Belgas to £ X Z i .. T.T. 22.311 22.001 O.D. 22.380 22.006 Denmark —Kroner to £ NZ 1 T.T. 18.140 17.838 O.D 18.200 17.832 Finland—Marks to £NZ 1 T.T 184.87 179.07 O.D. 185.27 179.17 France—Francs to £XZ i T.T. 142.98 140.48 O.D. 144.23 140.50 Germany—Keichsmarks to £XZ 1 T.T. — 9.334 O.D. — 9.336 Greece—Drachmae to £ NZ 1 T.T. — 429.20 O.D. — 429.35 Holland —Florins to £NZ 1 T.T. 7.062 6.912 0.1). 7.102 6.914 Italy—Lire to £NZ 1 „ „ T.T. — 70.98 O.D. — 70.00 Java—Florins to £NZ 1. T.T. 7.049 6.899 O.D. 7.089 6.901 Norway—Kroner to £NZ I T.T 16.130 15.840 O.D 16.190 15.843 Noumea—Francs to £NZ 1 T.T. 145.48 135.73 O.D. 146.98 138.77 Papeete—Francs to £NZ 1 T.T. 144.88 138. S8 O.D. 146.38 135.92 Sweden —Kronor to £NZ 1 T.T. 15.731 15.430 O.I). 15.791 15.439 Switzerland—Francs to £ NZ 1 T.T. 16.822 16.552 O.D. 16.922 16.555 Hong Kong—NZ pence to 1 dollar T.T 18 3-64 18 27-64 O.D 18 1-64 18 27-64 India and Ceylon—NZ pence to 1 rupee T.T 22 7-32 22>/j O.D. 22 3-16 22% Japan—Nss pence to 1 yen T.T — 17 37-64 O.D. — 17 37-64 Manila —NZ pence to 1 peso T.T. r,l T.-.-32 32 11-64 O.D. 313-8 3111-64 Singapore—NZ pence to | 1 dollar T.T 34 27-32 35 21-04 I OD 34% 35 21-04 I The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice Based on the rates quoted above the New Zealand pound compared with its original par value, is equivalent to approximately 16s in London, £1 in Australia. 15s 4d in U.S.A.. 15s 4£d tn ! Canada £1 2s 7}d tn France. 15s <Ud in Italy. 9s lid in Germany, lls 4fd in Java, £1 7s 11 Jd in Japan.
General Finance . ... National Mortgage "B" .Ntuvton King (pref.) N.Z. Guarantee Corp. Wright. Stephensou * 0 19 6 0 17 1 3 0 8 0 4 1 0 6 0 0 3 (j
Kauri 1 2 S Leyland-O'Brien ... — Rotoiti 0 3 0 Taringamutu 0 13 6 Taupo Totara (16s pd.) 0 12 2 0 16 6 Breweries— X.Z. Breweries — 1 16 11 Miscellaneous — Brit. Tobacco (Aust.) — Colonial Sugar 47 17 6 Consol. Brick & Pipe — Dunlop-Perdriau .. 0 19 5 Electro, Zinc (ord.) * 2 12 3 Electro. Zinc (8 p.c. part pref.) * — I.C.I. Aust. & N.Z. (pref.) — Mat-Duffs (ord.) .... 0 2 0 MacDuffs (pref.) .... 0 7 0 Saarland & Co. (ord.) -*- Taranaki Oil Fields . — Woohvorths, Ltd. (ord.) 1 i 5 Woohvorths (N.Z.) (ord.) 0 17 3 2 10 6 4S 15 0 0 8 6 1 0 3 2 14 3 2 17 G 1 5 1 0 8 6 0 15 0 0 6 1 1 5 0 0 17 0 MiningMossy Creek — 0 1 0% AustralianWellington Alluvial . — 0 4 1 UNOFFICIAL LIST. . • Buyers. £ s. d. Sellers. £ s. d. Assoc. Motorists Petrol (pref.) 12 6 Metters (N.Z.), Ltd. 0 13 10 Paris Crown Seal ... — Whakatane Paper Mills (ord.) 0 4 3 0 12 0
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 48, 25 August 1939, Page 12
Word Count
985THE TRADING BANKS Evening Post, Volume CXXVIII, Issue 48, 25 August 1939, Page 12
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