THE COMBINED BANKING ACCOUNTS OF THE SIX AUSTRALIAN COLONIES.
( Australasian In-rurcmcs an! Bir.tinj B/cord.) We direct attention to our customary summary of bank returns for the quarter ended March 31 last, and which display, at a glance, the banking statistics of Victoria, Sew South Wales, New Zealand, Sout h Australia, Queens* land, and Tasmania separately and as a whole. At this juncture in banking affairs they possess especial interest. The note circulation of the banks in the six CiUm u X'l, too.Sjl, as against £4,335,728 three months ago. Victoria and New South Wales show a decrease, and in all other Colonies the circulation is larger. Deposits not bearinginterestare £15,807,753, SiS against £15,240,100 at December 31; fixed deposits are £34.352,8(X), as against £34,101,838; total deposits, £-31,811,007, against £31,308,038, a growth in the quarter of £502,000. The respective Colonies compare as follows; —
The increase occurs in N ictona, >ew South Wales, South Australia, and Tasmania. In Now Zealand and Queensland they hate fallen off. The advances o! the Banks have slightly declined, being £65,986,893. as against, in the quarter previous £(>(>,395,38“, a contraction of £-109,034. The reduction is chieily apparent in Victoria, New South Wales, and Queensland. There is an expansion in 2iew Zeausni and South Australia. Coined cold and silver con pare as tohows:
iocrwso ••• ••• i i i In Victoria, the com now held i» £5,*08,877, an increase on the quarter or £114,138. This Colonj holds 2$ per cent ot the entire coin of the six Australian tolcn.es, and New South Wales about F" oen “ All the other Colonies show some aeouae. The total liabilities of the Banks in tne six Colonic* are ;
A decrease of ... ‘.L, Looking at the account* nothing abnormal. Any slight chsngc » prudent character, such ns the w" 1 ”' advance* and increase of coin ncttnl a • and in the whole of the Colonics t - ;ero . •hown a oontiderable increase of •> which are chiefly the savings of the people.
1 . Dec. 31., March 31, IS.?. 1S79. Victoria .. £1*5.1>>j.5SO . £16,123,930 Saw South Wales .. 16,723,-152 17.133.2S8 Sow Zeal anil .. 9.417.107 9,140,373 South Australia .. 3 37S.S03 3.673,501 Queensland ... Titsmania 3.910,(153 .. 1 S72.003 3,359,508 1.S93.4C8
vuincu gum auu «■ ilarciv SI k: '«.i35 r.rrs.sss December 31, 1£78 Increase ... — £n,ia
At March 31 fja'.wrij against k) At Dec. 31 An increase of jffo.AVi The total assets are — At March 31 against At Dec. 31
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Bibliographic details
Lyttelton Times, Volume LI, Issue 5715, 20 June 1879, Page 6
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390THE COMBINED BANKING ACCOUNTS OF THE SIX AUSTRALIAN COLONIES. Lyttelton Times, Volume LI, Issue 5715, 20 June 1879, Page 6
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