TRADING BANKS

Evening Post, Volume CXXXI, Issue 127, 31 May 1941, Page 6

TRADING BANKS

ADVANCES REDUCED

Bieturns of the six tradin: doing business in New Zealaii <t the, close of business on April V. m pared with returns for Mar. 1 as furnished to the Reserve Br.i . ' New Zeral-and. are as follows:— LIABILITIES. March 31 Aprn £NZ. £NZ. Demand liabilities in ' Kw Z .-aland -,3,(552.04f> "53.t>. i .;*<■ , Timu liabilities in • New Ztealand .... -5.630,201 28.iW.7M Demand liabilities elsewl tere than in N*Z. incurred in res;pe rt ■ of N.Z business :,:J13,136 2,030,1.,0 Time liabilities else where than in N.Z. incurred in respect of N.Z business 200,037 I--'-"'--N.Z. teusiness excess of ; assets orer Natalities , 19,351,1595 2U155.2;.i Tbf.al £104,177.11* ' inn.086,293 ASSETS. ReserM! balances Held in Beserve BanK ■ 12,831,' i ' 'Ou'.Sfi'i Overs lea.s assets in respect of New Zealar>*l business— '(U) In London .. 12.561.5"> -.<r> Vll (2}i Elsewhere .... 2,11)0,74' . •i'.i">.272 Gold, held in N.Z. .. 10: IS Subsidiary coin held in N.Z 749.4-:' •" JS.6U2 Advaßices in N.Z. .. r».'j.432.r,:--Dia-coiims 247.0> :f.3.428 Eefjeppe Ban!? notes . 4,275,T^ '17,429 Ser:ufities held in :.\ T. 2;- ■ ((1) Government 15,434."4S ■ .•'••"i.r.'iS (29 Other than Government . 540.:r.'s .Ui.O'.H) VJalue of land, buildIngs, furniture held in N.JZ 1,910,^i.ii ..;il4,sa3 Total £104,177.41^ . iti:>.!i80,293 transfers from BanK-rii \cvv Zealand Loijtg-term Mortcaße Fund ot 0 73,479. Overseas assets in respect of New Zealand business held by the banks in London and elsewhert than in London at the, end of April for the na?l Ihree years were as follows:— April i London. Klsewhcn- Total £ £ £ 1P39 .i... 5,11!5,73S i,r23.31f -i.« 41.050 19-10 11,034 23.- 1.932,033 I3.s6fi.2ii>> 1941 .:... 11,492,121 2,366,272 13.5ri.5.393 delposits and advances. Th- totals of deposits and advances and discounts for April compare as follows: — April. 1114 1 \nril. l'.Ul). £ £ Free dec^O'Sits f>3,»577.fiM- 18.Hi3.i.-»> Fixed ckjiiosits ... 28.782.71 iS 31.251.210 Advances) , 52.252,803 -J9.540.507 Excess.' deposits .. £30.207.401 .£2(.),573,501 N^w '.Zealand Government securities held Alpril 29, 1940, amounted to £15.397^870: for the April period of this year tbsey are £2.763.658 more.