MONEY MARKET.

Hawera & Normanby Star, Volume LXVIII, Issue LXVIII, 17 October 1914, Page 8

MONEY MARKET.

The banking returns give an interesting insight iiico the position of finance, and it is highly gratifying to see the position so satisfactory in spite of the war. The following comparison of advances and deposits gives briefly but clearly the situation as between the banks and their general clients :— Deposits.—Sept. 1914, £25,001,663; June 1914, £25,505,745; Sept. 1913, £23,739,094. Advances.—Sept. 1914, £24,462,576: June 1914, £23,938,855; Sept. 1913, £22,196,722. Excess ©f Deposits.—Sept. 1914, £539,037; June 1914, £1,566,890; Sept. 1913, £1,542,372. Though the balance in the hands of the banks shows a considerable reduction on both three months ago and a year ago, it will be seen th'at the deposits are keeping up remarkably well1 and at a high level. The steady growth in advances shows a strong demand for capital, and is, we take it, evidence of growing trade and expansion in probably several directions. In view of the possibilities with whicha world-wide war is fraught, it is eminently satisfactory to see our banks in such a sound position. The supply of money will naturally be restricted to a certain extent, but there is no reason to fear that the banks will not meet all legitimate .requirements.—N.Z Trade Review, Oct. 15.