COMMERCIAL

Evening Post, Volume CXXXVII, Issue 128, 1 June 1944, Page 3

COMMERCIAL

RESERVE BANK RETURN

Details of the Reserve Bank of New Zealand return for the week ended May 22, 1944, com-, pared with those for the week ended May* 15, Liabilities— £XZ. ' SXZ. General reserve ..... 1,500,000 Unchanged Bank-notes 37,142,577 *206,433 Uennind Liabilities— State 10,936,730 t1,904,124 Banks • 30,831,010 «1,790,953 Other 089,983 409,900 Other currencies 33,200 t13,073 Other liabilities :.... 2,272,949 *83,434 £5»,407,055 •373,518 Assets— £NZ. SXZ. Itesen c— Gold 2,501,57T Unchanged Sterling exchange . 30,6'J0,G5-t *476,56» ( Subsidiary coin ... 48,101 11.241 'Advances to State— . Marketing 5,553,452 f 82,551> UKtier,, purposes .. 3J.«.s:i,iiUU Unchanged Investments 11.73^.340 Unchntutal Otlder assets 2,393,001 *151,04* £S!t,4OT-,055 *573,51S \ 'Increase. fDserease. Proportion of reserve to notes nud other demand 'liabilities, 3D.08S per cunt., compared wltli 35;743 per cent, for tiie week ended May 15. ' . Principal figures in the return for the corresponding week last year were: —Bank-notes, £31,879,00!); sterling exchange (X.Z. currency), £28,083,000'; advances" to Marketing Department, £8,1718,000; to the State for other purpases, £31,135,000; Investments, £10,294,000; reserve to liabilities, 38.713 per cent. LONDO.N STOCK EXCHANGE. (By Telegraph—Pres: Association—Copyright.) \ LONDON, May 39. On the Stock Exchange today prices for corporation debentmes 'and stocks compared with previous quotations bis follows: — May 16. May 30. Banks— \ & s. d. £ s. d. Australasia ...... \7' 5- 0 7 2 6 E.S. and A '3 13 fi 3 14 0 Union of Aust. .. fi 5 0 6 5 0 . N.S.W 23 0 0 22 15 0 National of N.Z. .. Vli 9 .1.18 0 Now Zealand 1 12 0 111 1014 Otiier— ■ '. British Tobacco .. 1 15 0 1 15 0 Goldsbrough Mort . 1 IS 1 3.9 Walgety (i 0.0 C 00 I. and O. Defd. .. 1 Hi • 9 1 19 6 N.Z. Loan and -Mere. ' . ' ■1 p.c. Deli. .... 90 10 o'■93 ■ 0 9 K.Z. Loan and Mere. -. \ - (urd.) 13 .0 - 0 . 13 0 0 WELLINGTON CUSTOMS. , A decrease of £43,041 was .shown in the net Customs revenue collected at Wellington durini: May, the total amount, being £232,250, as compared itli £275,5f1l for May last year.' For the first .live months of this year, however, there was an Increase of' £jS,oSP, the total being 51.104,332 for tliis year and £1,105,943 last year. . . 1 %Mi Sales tax for the- month increased' by £17,541 to £10i),531, when compared with May last year, and for the first five months was 542.595 ahead at £4188,481. Beer duty in May totalled £19,119, an increase of £3657 over May last year, and for the five months tho increase was £20,164, the current year's return' being £92,544. : : War lax collected during the first five months this year amounted to £1,857,539, an increase of £116,146'0ver that collected for the same five months last year. WELLINGTON STOCK EXCHANGE. Sales slnco going to press yesterday.— £2570 2% per cent. Stock, 15/9/4T, £98 17« I 6d; 100 N.Z. Insurance, £4 9s; 100 N.Z. j Breweries (cum), £2 4s; 500 Woolworths, Ltd.. 19s 9d; 300 Woolworths, Ltd., 19s 9d. Sales made late yesterday.—£9oo (2 sales) 3 p.er cent. Stock, 15/9/52-55, £99 12s 6d; ]00Xat. Bank X.Z., £2 14s 9d; 100 Kadlo (1930), 17s Ud. COLONIAL SUGAR PROFIT LOWER. SYDNEY, May 30. A net profit of £573.969 shown by the Colonial Sugar Refining Company for the year ended March 31 Is a decrease of £167,632 on the previous year, and is the lowest since 1932-33. Keserves are called upon to meet the dividend charge at the steady rate of B^4 per cent. The dividend amount of £994,500 is £120,531 more than the profit, and tha carry-forward is reduced by this sum to £345,908. The sales of refined products in Australia and New Zealand again totalled mors than 500,000 tons.