COMMERCIAL

Evening Post, Volume CXXXVIII, Issue 79, 30 September 1944, Page 5

COMMERCIAL

TRADING BANK RETURNS

Returns of the trading banks' business In New Zealand as at close of August 28, 1944, with those for July 31, furnished to the Reserve Bank are as follows :— July 31. August 28. Liabilities— ~ £NZ. £NZ. J Demand in K.Z. ...."90,098,770 91,006,022! Time 30,688,775 30,939,986 Demand elsewhere . 645,553 510,613 Time elsewhere 83,569 77,103 N.Z. excess assets over liabilities ... 18,671,105 19,291,895 Total :'„... £140,187,772 £142,425,619 Assets— Balances, Res. Bank 36,122,880 37,852,896 Overseas assets, N.Z. business— London 10,724,943 11,127,483 Elsewhere 1,776,973 1,696,967 Subsidiary coin N.Z. 678,659 -682,476 Advances N.Z 45;396,344 45,069,566 Discounts 116,330 101,752 Res. Bank-notes .. 4.505.012 5,326,017 l Securities held N.Z.: Govt 30,136,824 36,140,220 Other 2,514,817 2,497,232 Land, buildings .. 1,914,990 1,930,980 Total £140,187,772 £142,425,619 Free and fixed deposits as at July 31, 1944, aggregated £120,787,000, and the excess of deposits over advances and discounts was £75,274,000. Aggregate returns for August, 1944, compared with those for August, 1943. shown in parentheses, were as follows: —Total deposits, £122,546,000 (£104,698,000); advances and discounts, £45,512,000 (£42,057,----000) ; excess of deposits over advances and discounts, £77,033,000 (£62,641,000); overseas assets in respect to New Zealand business in London, expressed in New Zealand currency, £11,127,000 (£7,695,000) ; total overseas asset.s, £12,824,000 (£9,244,000); Government securities, held in New Zealand by the banks, £36,140,000 (£36,142,000). Aggregate unexercised overdraft authorities, £38,142,000 (£36,337,000). BANK OF ENGLAND RETURN. (By Telegraph—Press Association—Copyright.) LONDON, September 28. The Bank of England return for the week ended Septrucber 2S, compared with that for the week ended September 21, is given in millions of pounds, as follows:— Sept. 21. Sept. 28. £ £ (millions.) (millions.) Issue Department— Notes in circulation '.. 1150.5 1154.5 Notes in Banking Dept. . 49.7 45.7 Govt. debt 11.0 11.0 Govt. securities 1188.3 1188.3 Other securities 0.7 0.7 Fiduciary issue 1200.0 1200.0 Gold coin and bullion ... 0.2 0.2 Banking Department— Capital 14.5 14.5 Rest 3.5 3.5 Public deposits 11.5 9.8 Bankers' deposits 176.0 221.5 Other accounts ~ 55.8 55.3 Govt. securities >■;. 192.1 229.2 Advances and discount* . 2.8 4.3 Other securities 14.8 23.4 Notes and coin ••;' 51.6 47.7 Proportion, p.c. " 21.24 16.65 Bank-rate, 2 per cent, since October 2G, 1939. Bank-note circulation on September 21 was £1,150,600,000, and for September 29, 1943, was £986,400.000, with a fiduciary issue of £1,000,000,000. GOVERNMENT SECURITIES. (By Telegraph—Press Association— Copyright.) LONDON, September 21. The market for Government securities is firm and fairly active. Prices, compared with those of September 14, are as follows:— Sept. 14. Sept. 21. Consols, 2M- P.c 79i& 79% Fund. Loan, 60-90 *114 3-16 *112V> War Loan, 3y 2 p.c. .. 104% 104% Cony. Loan, 61, 3% p.c. 104 104 1-16 Victory Bonds, 4 p.c. .. 111% 112 7-16 N.Z., 1949-58, 4% p.c. 104% 104% N.Z., 1945, 3 p.c. ... *100 1 / 4 100% *Ex Interest. Consols, at September 7 were: ZV2 per cent. War Loan, 104 3-16; 4% per cent., N.Z., 104% ; 3 per cent. N.Z., 100. LONDON SHARE INDICES. (By Telegraph—Press Association—Copyright.) LONDON, September 28. "Financial Times" stocks and shares indices, with previous quotations, are (October 15, 1926, equals 100) :— Govt. Home Indus- Gold- | sees, rails, trials, mines, i September 14 ... 114.1 64.1 134.5 162.6 September 15 ... 114.1 64.16 135.2 162.4 September 19 ... 114.1 64.8 135.5 162.3 September 21 ... 114.2 65.0 135.5 162.S September 28 ... 114.2 C 5.2 136.1 161.8 DOW JONES AVERAGES. (By Telegraph—Press Association—Copyrioht.) NEW YORK, September 28. Dow Jones averages (1926 equals 100) :— 20 rail- 32 Indus- Shares roads. trials. sold. September 15 , 38.71 142.96 728.000 September 18 . 39.12 144.75 345,000 September 21 . 39.68 145.85 696,000 September 25 . 40.40 146.77 793.000 September 28 . 40.32 146.11 637,000 PRICES FOR POULTRY. Townsend and Paul, Ltd., report the following prices for live poultry:—White Leghorns: Hens, best, ss, 6s 6d each, others, 4s. 5s each; cockerels, Is Bd, Is lOd lb 1.w.; pullets, best, 10s, 14s each, others, 7s, 10s each. Black Orpingtons: Hens, heavy, 9s, 14s each, light, 6s, 9s each; cockerels, heavy, Is Bd, 2s lb 1.w., light, Is Bd, 2s lb l.w. Rhode Island Reds: Cockerels, Is lOd, 2s 2d lb l.w. Ducks: Indian Runner, young, 10s, 14s each, old, Bs, 10s each; Pekin, young, 12s, 16s each, old, Bs, 12s each. Geese: 6s, 9s each. Turkeys: Is Bd, Is lOd lb l.w. Dressed poultry: Boilers, heavy, 7s, 8s each, light, os, 7s each; chickens, Is Bd, 2s lb; ducks, 6s, 10s each; geese, 6s, 9s each; turkeys, Is Bd, Is lOd lb.