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Greymouth Evening Star, 24 August 1939, Page 8

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gold and exchange. Lwv CABLE—PRESS ASSN. COPYRIGHT.] LONDON, August. 23. Gold 148/61, dollar 468 1-8, I'rauc 176:1. POST OFFICE SAVINGS BANK Au interesting feature of the latest Statistical Summary issued by the Reserve Bank of New Zealand is an analysis of the accounts according to size in the Post Office Savings Bank as at March 31 in the last three years. This reveals that the decline in total deposits which began in September, 1938, has been caused by the depletion of the larger accounts —that, is, accounts of £3OO and upwards. The total number of accounts at March 31, 1939, was 940,822, an increase of 26,017 on the 1938 figure, and of 65,965 on the 1937 figure. As accounts of less than £3OO increased in 1939 by 30,2:’,1 on the 1938 figure, the larger accounts were fewer by 4214. The 1939 total of accounts of £3OO and upward was greater by 430 than the 1937 total, but notable decreases occurred in the number of accounts between £lOOO and £2OOO, which fell from 7325 to 7078, in the number between £2OOO and £3OOO which fell from 1230 to 1178, and in the number between £BOO and £9OO, which fell from 2699 to 2547. STOCKS AND SHARES. WELLINGTON, August 24. Sales: New Zealanu "Refrigerating (10/- pd) 8/-, Woolworth Limited ordinary 24/10, 25/1, Woolworths Properties 25/-. CHRISTCHURCH, August 24. Sales: British Tobacco 50/1 50/(3), Broken Hill Pty. 66/-, Colonial Sugar £4B, Electro Zinc (pref C.D.) 57/-. Reported: Government 31 per cent. Stock 1953-57 £9l, Union Bank of Australia £7/18/-, £7/17/6, Woolworths (Sydney ord) 55/2. SYDNEY, August 24. Bank of New South Wales £27/15/-, Commercial Bank of Australia 14/2, Tooths 49/9, Broken Hill Pty. 58/3, David Jones 32/10J. MINING. BUNDI. To August 21, the Bundi dredge worked 105 hours, treating 15,832 cubic yards,, for a recovery of 49ozs» 17dwts. 15grs. smelted gold. GREY RIVER. The Grey River return to August 22 is 254.50 z. from 93,852 yards dredged in 128 hours, equivalent to 1.301 grains a cubic yard. ARAHURA The Arahura dredge, which commenced operations on the West Coast of the South Island on August 2, is now digging to a depth of 63ft. but has not yet reached the main gold-bearing gravel. During the first half of August the dredge ran 183 hours, treating 85,000 cubic yards, and recovering 2020 z of smelted gold. BIG RIVER MINES The Big River gold mines report for the fortnight ended August 18, is as follows: No. 5 Level: North Stope: Stoping stone 6 feet wide. North Level: Level advanced 17 feet. Total 3-1 feet. Face passed through some leaders. Winze: Sunk 7 feet. Total 67 feet. Reef broken here. Gold visible. Battery: 81 tons of stone sent to the battery.