MONEY MARKET.

Hawera & Normanby Star, Volume LXIX, Issue LXIX, 4 September 1915, Page 6

MONEY MARKET.

This market continues amply supplied with funds at present, owino- to the handsome surplus of exports over imports as shown, in the following1 LTSrsVhVune:^ 6-1110^1 ™l 1914,15 19i3.i 4 1912 . 13 £ £ £ f xports 26,244,307 24,563,699 23,177 077 Imports ... ... 19,1*2,564 21,632,486 21,510,545 Excess of Imports 7,101,743 2,931,213 1,666,532' The bank returns for the June quarter reflected this position in an excess. l dep™fts,mY advances of £5,221,----579 The banks have, therefore, an excellent suppy of funds in hand, but the question is the extent to vhich these will be drawn on now. Besides" canitai1 whT'if demanda for capital, which are just beginning to twii r" "Ow deiinit«ly enounced that the Government intends to place a two million loan locally at 4 1 ncr cent. I Ins win nrt tural]v reduce the amount available for ordinary urn poses, but we think that barriL unforeseen trading conditions thfi w 11 fm li • i lhe rate oi "iterest fixed or this loan, naturally sets a. standard to which all other rates will have to he adjusted and this standard, th OU gh slightly higher than we have become accustomed to, is not a high on S v cw USen Ct o% JltlOnS- N- Z- Trade