COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17878, 26 August 1918, Page 7

COMMERCIAL.

BRITISH FINANCE. By Telegraph—Proas Association—Copyright. Australian and N.Z. Cable Association. LONDON, August 22. BANK OF ENGLAND RETURNS. Tho Bank of England returns for the week ended Wednesday, August 21, are as follows: ISSUE DEPARTMENT.

OPEN MAIOKEI* RATES. The open market discount rale for thrco months’ bills is 3J per cent, unchanged since last v.eok. At this date last year the quota, tion was 4 j por' cent. Short loans are quoted at SJ per cent, unchanged sinco last week. At this dato last year the quotation was 4J per cent. GOVERNMENT SECURITIES. The following aro the Jatest quotations for Government securities, oompared with tho nrioes ruling last week:

£ £ Notes in ciiGovernment oulatiou • 56,749,000 debt 11,015,009 No cjiare- ' Otner secuserve . 29,718,000 lities Gold coin 7,434,003 f and « bullion C8,01S,000 Authorised £S6,4G7,COO circulation £36,467,000 BANKING DEPARTMENT. ,£ £ Proprietors’ Government capital . 14,533,000 securities 58,422,000 Public Otiior-Becu-posus . 88,698,000 rities uulOther devancc3) 93,951,0.06 posits . 135,996,000 Notes in re- ! Rest, 7-day 6ervo 29,718,000 and other ' bills . 3,492,000 Coin 648,000 £167,739,000 £187,739,COO COMPARISON WITH LAST TEAK. Aug. 21, Aug. 22, 1918. 1917. £ £ Coin and bullion . . 68.018,000 51,633,000 32,663,000 Reserve . SO,366,000 Notes in circulation 56,749,000 . 33,693,000 39,934,000 Government deposits 44,701,000 Other deposits . 135,996,000 127,241,000 Government securities . 69,122,000 58,433,000 Discounts and advances 66,951,000 100,889,000 Propuiiion of reservo to liabilities per cent 17.90 19.

Last This Week. Weok. Imporial ccnsols, 21 p.e. 66J 662 War lean, 5 p.e. 94J 94J War loan, 81 p.e. S8j 681 Commonwealth 51 p.e. . 99* 991 Commonwealth 5J p.e, . 101* 1011 New Zealand 4 p.e., 1929 89 J New Zealand 3} p.o., 1940 75 rta Now Zea.and 3 p.e., 1945 C5J G7 N.S.W. 4 p.e., 1938 . 86* 86* N.S.W. 3i p.e., 1918 . . 99J 991 N.S.W. 8J p.e., 1250 73* 735 N.S.W. 3 p.e., 1935 . 70i 705 Viotoria 4 p.e., 1929 . 97J 9S Victoria 3J p.e., 1921-25 . . 8Sj m Victoria 3J p.e., 1929-49 . ■ 72 721 Victoria 3 p.o., 1929-40 64i 641 Queensland 4 p.e., 1915-29 925 93 Queensland 31 p.e., 1930 . 91 918 Queensland 3 p.e,, 1922-47 64} 61* South Australia 3J p.e., 1939 . 75 742 South Australia 31 p.e., 1918 591 59 W. Australia 81 p.e., 1915-35 78 77J W. Australia 3 p.e., 1915-35 , 731 • 731 Tasmania 31 p.e., 1920-40 74| 741 Tasmania S p.e., 192040 66 66