BRITISH FINANCE.

Lyttelton Times, Volume CXVII, Issue 18116, 5 June 1919, Page 7

BRITISH FINANCE.

By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. LONDON, May 23. BANK OF ENGLAND RETURNS. The Bank of England returns for the week ended Wednesday, May 21, aro ns follows: — ISSUE DEPARTMENT. & &

OPEN MARKET RATES. The opon market discount rate for three months’ bills is S£ per cent,, unchanged since last week. At this date last year tho quotation was 3J per cent. Short loans aro quoted at Si per cent, unchanged since last week. GOVERNMENT SECURITIES. The following are latest ouotations for Government securities, compared with the

Notes In obfGovernment culation . 76,540,000 debt 11,015,000 Notes in itUther eocu-Beiv-a o 25,835,000 rities Gold, coin 7,435,000 and bullion 83,925,000 £103,375,000 £102,375,000 BANKING DEPAETMENT. A £ Proprietors’ Government 46,340,000 capital . 14,553,000 securities Public doOther eecuposits . 26,104,000 rities (adother dovancea) 80,382,000 posits • 110,333,000 No.es in re25,8135,000 Rost, 7-day serve and other bills • 3,165,000 Coin 1,598,000 £134,155,000 £154,155,000 COMPARISON WITH LAST YEAR. May 21, May 22, 1919. 1918. £ £ Coin and bullion . 83,925,000 62,042,000 Reserves . 27,433,000 30,836,000 i\otc3 in circulation . 76,510,000 50,246,000 Government, deposits . 26,104,000 88,433,000 Other deposits . 110,333,000 127,600.000 Government securities 46,340,000 55,580,000 Disco-mi b and advances 80,382,000 Proportion of reserve to 97,304,000 liabilities per cant . 20.10 18,62

pricos ruling laBt week:— Last This Week. Week. Imperial Consols, 2} p.o. . 6G4 66J War loan, 6 p.c. . 89J 89J War loan, 3i p.c. . . 041 94* Commonwealth, 5i p.o, . . 100 100J Commonwealth, 6J p.c. . . 101 101 i New' Zealand 4 p.c., 1029 . 83J 881 New Zealand 3$ p.c., 1940 . 78 7Si New Zealand 3 p.c., 1945 . 63 <38h N.S.W. 4 p.c., 19*38 . . . 63 88 N.S.W. Si p.c., 1950 - — 7ai N.S.W. 3 p.c., 1935 . o • 741 Victoria 4 p.c., 1929 . '9Si 39.J Victoria 35 p.o., 1921-25 „ 90$ 90J Victoria 34 p.c., 1929-40 . 66J 67 Victoria 3 p.c., 1929-40 . 743 74i Queensland 4 p.c., 1925-29 . 94J 94,1 Queensland 31 p.c., 1930 . 90 911 Queensland 3?ij>.c., 1922-47 , 98 67 0"*een*l&ncl 3 p.c. . 06§ Sou h Australia 3j p.c., 1930 79 78| South Australia 3 p.c. . 604 W. Australia 34 p.o., 1915-40 . SOJ SO W. Australia 3 p.c., 1915-40 . 74 74 Ta"mmia, 3J p.c., 1920-40 . 78| 788 Tasmania 3 p.c., 1920-40 . 71 711