COMMERCIAL

Evening Post, Volume CXXXIII, Issue 5, 7 January 1942, Page 7

COMMERCIAL

RESERVE BANK

ADVANCE TO STATE £2,000,000

The Christmas note issue for the week ended December 29, 1941, amounted to £24,614,930, an increase of but £15,625 on the return for the week ended December 22, and compares with £22,667,273 for the week ended December 30, 1940. Sterling exchange, which has been rising gradually of late, reached £13,293,676, an increase of £370,880 over last week, against £12,506,598 for the corresponding week of last year. Advances to the Marketing Department at £6,003,467 show a fall for the week of £223,262. Advances to the State for purposes other than marketing stand at £19,500,000, a rise of £2,000,000, comparing with £23,690,000 for the week ended December 30, 1940. The record was £25,140,000. Movements in the return for the week are as follows:—

LIABILITIES. £SZ c. d. £NZ (■'eneral Reserve . 1,500,000 0 0 Dnchantwo Bank-notes 24,614,930 0 0 *15,625 Demand LiabilitiesState 8,971,67112 1 *1,969,666 Banks 10,720,177 14 1 *451,666 Other 264,303 12 7 U44.877 Currencies other ' than N.Z. :...-. 27,416 1 8 f69,227 Other liabilities . 1,102,360 10 11 *7,690 £NZ47,200,859 11 4 *2,230,602 ASSET8. £NZ s. d. £NZ Reserve— Gold 2,801,874 10 0 Unchanged Ster. exchange 13,293,676 6 10 *370,880 Subsidiary coin . 56,187 19 1 *160 Advances to StateMarketing .. , ; 6,003,466 18 8 f223,262 Other purposes 19,500,000 0 0 2,000,000 Investments ... 3,842,474 6 7 *7/6 Other assets .. 1,703,179 10 2 »82,823 £NZ47,200,859 11 • 4 *2,230,602 .: 'Increase. fDecrease. Proportion of reserve to notes and other demand liabilities, 36.051 per cent., compared with 36.964 per cent, for the week ended December 22, 1941, and 32,644 for the week ended December 30, 1940. The statutory limit is 25 per cent. STOCKS IN LONDON. (By Telegraph—JPress Association—Copyright.) (Rec. 1 p.m.) LONDON, January 6. Quotations of stocks and debentures on the London Stock Exchange, with those of December 6, are:— Dec. 9. Jan. 6. £ 6. d. £ s. d. Dalgety and Co., 4 p.c. debs. 88 0 0 82 10 0 British Tobacco 1 12 6 1 12 6 Goldsbrough Mort ... 10 0 10 0 Dalgety 5 5 0 4 10 0 P. and O. Defd. .... 19 1% 1 7 10% OOW JONES AVERAGES. (By Telegraph—Press. Association—Copyright.) (Bee. 1 p.m.) NEW YORK, January 5. Dow Jones (1926 equals 100) :— 20 30 Shares Balls. Indus. sold. Dec. 2 26.87 116.59 840,000 Dec. 30 25.64 111.32 2,560,000 Dec. 31 25.42 110.96 1,750,000 Jan.. 2 26.66 112.7T 580,000 Jan. 3 27.15 113.75 520,000 Jan. 5 27.44 114.22 720,000 Sales December 29 were 2,930,000. LONDON SHARE AVERAGES.' (By Telegraph—Press Association—Copyright.) (Rec, 8.30 a.m.) LONDON, January 6. "Fiaandal Times" indices (1926 equals 100):— Govt. Home Indus- Gold see's. Balls, trials, mines. Dec. 2 113.8 52.9 100.2 181.6 Dec. 30 113,7 33.7 101.0 173.0 Dec. 31 113.7 54.0 101,4 172.1 Jan. 2 113.8 55.0 102.0 173.1 Jan- 6 113.8 55.0 102.I 173.5 LOCAL EXCHANGE RATES. The Baoli of New South Wales quotes telegraphic rates of exchange {New Zealand currency), on overseas Centres as follows:— , . On _ Buying, Selling. London, £ to £sfg. 100 124 7 6 125 0 0 Australia, £A. to £100 . 100 10 0 100 0 0 J^Vp- to £100 .... 90 0 0 88 12 6 S. Africa, £ to £S.A. 100 123 0 0 125 5 0 New York. dols. to £1 . 3.2542 3.2050 , Montreal, dols. to £1 .. 3.6039 8 5290 Java, fins, to' £1 .... 6.187 6.004 India, Ceylon, d to rupee 22 3-16 22% Singapore. NZd to 1 dol. 34 4164 35 39-64 Rhodesia, £ to £RI00 . 124 0 0 126 0 0