RESERVE BANK RETURN

Evening Post, Volume CXXXIII, Issue 103, 4 May 1942, Page 7

RESERVE BANK RETURN

Details of the Reserve Bank of New Zealand return for the week ended April 27, 1942, compared with those for the week ended April 20, are:— , * Liabilities— £NZ £NZ General reserve 1,500,000 0 0 Unchanged Bank-notes ... 24,077,106 10 0 t121,916 Demand LiabilitiesState 12,054,448 2 7 t193,055 Banks 20,279,035 2 4 *1,447,156 Other 258,922 17 8 t23,436 Other currencies 38,420 0 0 *355,406 Other liabilities . 1,406,727 19 6 *27,274 £59,614,660 12 1 *780,617 Assets— £NZ £NZ Reserve — Gold 2,801,877 10 0 Unchanged Ster. exchange 20,614,430 0 7 *581,980 Subsidiary coin 59,013 7 7 t458 Advances to State— Marketing .. 8,990,915 3 6 *119,844 Other purposes 22,200.000 0 0 *100,000 Investments .... 4,146,228 5 4 Unchanged Other assets 202,188 5 1 f20,750 £59,614,660 12 1 *780,617 •Increase. tDecrease. Proportion of reserve to notes and demand liabilities, 41.253 per cent., compared with 40.389 per cent, for the week ended April 20. The statutory limit te 25 per cent. For April 28, 1941, principal figures were :— Note issue, £21,853,928; demand liabilities to State, £9,015,812, and to the banks, £13,311,416; sterling exchange, £20,515,776 (N.Z. currency) ; advances to Marketing Department, £3,169,549; advances to State for Other purposes, £15,500,000; gold, £2,801,873; investments, ,£1,581,145. EQUITABLE BUILDING. Equitable Building and Investment Co., Ltd., Wellington, reports a profit for the twelve months ended March 31, 1941, of £6348, of which £5125 is reserved for taxes, leaving a net balance of £1223; £386 was distributed on October 1, 1941, as an interim dividend of 2% per cent., leaving a balance of profit for the year of £837 5s lid. Adding ro this -figure £1671 brought forward from last year, there is available for appropriation £2508. The directors recommend distribution of a further £683 as flnal dividend of 2% per cent., making 5 per cent, for the year, and that the balance of £1825 be carried forward. DOW JONES SHARE AVERAGES. (By Telegraph—Pres3 Association—Copyright.) NEW YORK, May 1. Dow Jones (1926 equals 100) :— 20 30 Shares Ralls. Indus. sold. April 2 .... 25.17 100.89 372,000 April 27 .... 23.86 93.89 281,000 April 28 23.85 92.92 313,000 April 30 .... 24.30 95.35 279,000 Tllay 1 24.67 96.44 — . Industrials. 1941: High, 133.59; low, 106.34. LONDON SHARE INDICES. (By Telegraph-Press Association—Copyright.) LONDON, May 1. "Financial Times" Indices (1926 equals 100) :— Govt. Home Indus- Gold- ' see's, rails, trials, mines. April 1 113.5 56.2 96.9 153.0 April 27 .... 113.6 57.4 97.2 148.7 April 30 113.6 57.3 97.4 150.5 May 1 113.6 57.1 97.6 150.6 Industrials, 1941: High, 105.9; low, 83.0. NELSON DAIRIES, LTD. Registration of Nelson Dairies, Ltd., as a private company Is reported by the "Mer-cantile-Gazette." Capital: £7520 into shares of £1 each. Subscribers: Nelson—C. H. Ruffell 1000, K. W. Corder 750. A. V. Wells 750, V. Q. Sutton 220, A. L. Leach 750, L. J. Daly 500. C. B Hodetson 500. N. N. Frost 300, B. V. Thomason 400, E. J. Taplin 580, L. D. Marshall 400, Y. O." Sutton 220, L. C. Frost 225. N. S. Frost 225. J. W. Sutton 220, E. F. Wastney 200, H. C. Ruffell 280. Objects: Business of wholesale or retafl of vendor of milk and all dairy products and Incidental. . MINE AND DREDGE REPORTS. , Big River report for April:—No. 7 level :■ North face of intermediate drive extended 24 feet from winze. At 15ft reef of good grade and 181n wide cut. No. 6 level: Intermediate drive north from winze extended 30ft, and crosscut driven into hanging wall, all on faulted reef track. Main shaft: Excavated to 143 ft below No. 7 level, and No. 8 chamber being opened. Ngahere dredge return, 8420z gold for 491 hours and 249,101yd5. Snowy River return, 138oz gold for 101 hours and 16,000 yds. (P.A.) GREYMOUTH, This Day. Dredge returns for April:—Barrytown, 8230z for 324 hours and 139,000 yards: Kanieri, 1071oz for 430 hours and 231,000 yards; Arahura, 22780z for 512 hours and 208,000 yards; Blackball Creek, 450z for 211 hours. NEWSPAPER DIVIDEND. New Zealand Newspapers, Ltd., will pay a flnal dividend of 8d per share.