RESERVE BANK
STERLING £87,948 LOWER INCREASE IN ADVANCES TOTAL £500,000 LOWER (For Press Associutiim.) WELLINGTON, last night. The Reserve Bank return far the week ended Monday. October 16. war gazetted to-night. The statement is balanced at £35,050.707. or £3117.230 more than at the close of the previous week. The sterling exchange reserve, at £5,545.212, is 687.948 lower in value than it was a week previously. The total of notes and oilier demand liabilities is £378,000 greater. Tinratio has fallen from 25.847 per cent to 25.279 per cent,. There has been an increase of £501.300 in the level of advance* - those to the Primary Produc’* M~--keling Department are £351.300 higher, while advances for ether purposes are up £ 150.000. The principal items in this week’s return are compared with those at the corresponding date last year in (lie following table: —
1 000‘s omitted) lfJiiR 1939 Variation C .£ £ Motes Deposits— . . 17.204 13,908 -1-3.296 State 1.007 3.134 —1.137 Banks .. 13.511 5.450 1-0.001 Exchange Advances — . . 5,545 9.118 —3.573 Produce . . ' 5.263 3.887 -1-1.331 Other . . 17.425 5.550 -1-11.875 Ratio (p.c.) . . 25.279 ■52.27 —25.991
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20074, 21 October 1939, Page 8
Word Count
176RESERVE BANK Gisborne Herald, Volume LXVI, Issue 20074, 21 October 1939, Page 8
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