COMMERCIAL.

Hawke's Bay Herald, Volume 11, Issue 824, 5 February 1867, Page 3

COMMERCIAL.

Bank returns are again favorable. In the Stock and Shai'e markets a slight depression has been evident. A slight improvement has, however, taken place within the last few days. At the Banks of England and France gold is accumulating, and this position of affairs is a favorable omen for a continued cheapness of money and future prosperity. There is at present a decided increase in the demand for discount for commercial purposes both at the bank and out of doors. The Bank rate continues at 4 per cent. On the Stock Exchange the rate ranges from 3 to 3^ per cent, whilst Joint Stock Banks are not over tree in their advances at 2-j|,

Ths Crown Agents for the Colonies invite competitive tenders for £250,000 of New Zealand Government Debentures, for Friday, the 7th December. The money is stated to be chiefly required for paying off short-dated Treasury Bills, which were issued in London in 1865, in anticipation of this loan, and the sum now to be raised will not have the effect of withdrawing much capital from this country. The stimulus given, to the gold discoveries, the resolute curtailment of public expenditure, and the levying of additional taxes, have together contributed to produce a prospective equilibrium between the ordinary income and expenditure for the year ending 30th June, 1867.