COMMERCIAL. BRITISH FINANCE.

Lyttelton Times, Volume CXVII, Issue 17982, 26 December 1918, Page 2

COMMERCIAL.

BRITISH FINANCE.

By Telegraph—Pres» Association—Copyright Australian and N.Z. Cabio Association. BANK OP ENGLAND RETURNS; LONDON, December 20. Tho Bank of England returns for the week ended Wednesday, December 18, ar<; as follows: ISSUE DEPARTMENT.

BANKING DEPARTMENT.

COMPARISON WITH LAST YEAR. Dec. 18, Dec. 19,

OPEN MARKET RATES. The op-en market discount rate for' three months' bills is 3J per cent, unchanged since »ast week. At this date last year the quotation was 4J per cent. Short loans are quoted at 3i per oent, nn« changed since last week. At this data last year tho quotation was 4J per eent. GOVERNMENT SECURITIES. ' The following are latest quotations fol Government securities, compared with thai prices ruling lost week:—

£ £ Notes in cirGovernment culation . 6S,063,000 debt ' 11,015,000 Notea in re- , Other ooouserve . 27,464,000 rities _ . 7,434,000 Gold coin and bullion . 77,978,000 £96,427,000 ■m'. 127.000

Proprie tors Go7em; mont » caoita; . 14.553,000 securit: IC3 69,356,000 Public a«(Hirer secup..sits . 23.S6S.0C0 rities t,adOther do-v-ance: 5) - 93,!21SX'00 posits . 143,835,000 Xotcsir i reRoot, :• •day sarva 27,464,000 und o thor Coin G27,003 bills 3,259,000 £190,565.000 X :i90,565.000

1915. X3I7. Coin and rrnllion 77,978,000 56,235.000 Reserves , , E8,0Bl,00O SO^SS/'OO Notes in circulation- . 63,963.000 45,033,000 Government deposits . 28,863,000 37,926,000 Other deposits 143,385,000 12S,108,00(» Government securities 60,256,000 57.S20,«10 Discounts and advances 03,213,000 95,114,000 Proportion of reserve to liabilities-j>er cent 16.26 16.68

Last TH» Week. Weofc Imperial consols, 3J p.o* .. 80 70i War loan 5 p.o. . . 94 3-; > 94-i War lean 3J p.c. . . . 67J 6?i Commonwealth 5J p.o. . . 99-} 100 Commonwealth 5i p.o. . loo" 1C0J New Zealand -4 p.c, 1929 . . 89J S9i New Zealand 8J p.c, 1940 . 781 774 Nsw Zealand 3 p.c, 18*5 . 68i 65J N.S.W. 4 p.c, 1938 . 661 fijji' N.S.W. 31 p.c, 1GS0 . 75 7oj; N.S.W. c p.c, 193.5 . 73J 7SJ Victoria i P-o., 1929 ., . 99 9S Victoria 3J p.c, 1921-25 . . 99 S9J Victoria 8i P.O., 1329-40 . . 781 74J Victoria 3 p.c, 1929-40 . . 67 oe§ Queensland 4 P.O.. 1925-29 . 94i 9S-; Queensland 3i p.c, 1930 . 91| 90 Queensland 3 p.c, 1922-47 66% 65i South Australia 31 p.o., 1939 . 78£ "s South Australia-8$ p.c, 1918 . 59J 5SS W. Australia 3J p.c, 1915-33 . 78* 78J W. Australia 3 p.c, 1915-40 . 7SJ 732 Tasmania 35 p.c, 1920-40 - 78J 77$ Tasmania' 3 p.o.. 1920-40 . ES 65