CORNER TURNED

Hawera & Normanby Star, Volume XLII, Issue XLII, 7 October 1922, Page 7

CORNER TURNED

FINANCIAL CONDITIONS IMPROVING.

WHAT THE BANK RETURNS

SHOW.

(BY TELEGRAPH —PRESS ASSOCIATION.) WELLINGTON, Oct. 7.

The banking return's'\6r September show a steady improvement in economic conditions since the peak of the slump passed in the middle of 1921. Figures for the six banks trading in New Zealand, with increases or decreases compared with the corresponding quarter of last year, are: —

Note circulation £6,486,766,.decrea5e £648;848. .' ■

Government deposits £4,995,737, inc/ease £1,339,871. f Free deposits £24,498,149, decrease £2,275,173.

Fixed deposits £17,463,713, increase £791,376.

Coin and bullion £7,833,521, increase £192,703. i Diseounts'£l,4sß,429, decrease £719,----186;' '' , ■ . ..>■■■'.■■

Advances £41,536,017, decrease £4,325,975.