COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 18220, 7 October 1919, Page 9

COMMERCIAL.

BRITISH FINANCE.

By Telegraph—Pro** Association—Copyright Australian and N.Z. Cable Association. LONDON, October 2. BANK OF ENGLAND RETURNS. Tho Bank of England returns for tho week onded Wednesday, October 1, are as follow: ISSUE DEPARTMENT.

•£175,191,000 £175,191,000 COMPARISON WITH LAST YEAR.

OPEN MARKET RATES. ®P®n market discount rate for three months bills is 3J per cent, compared with 3 9-16 per cent last week. Short loans are quoted at 3k per cent, compared with 3J per cent last week. GOVERNMENT SECURITIES. Tho following are tho latest quotations for Government securities, compared with tho prices luling last week:

£ £ Notes in cirGovernment culation . 84,142,000 -Notes m redebt Other seen11,015,000 EOrve . 20,534,000 ritic3 Gold coin 7,435,000 and bullion 88,226,000 £104,870,000 £104,678,000 BANKING DEPARTMENT. Proprietors' £ Government £ capitai . 14,553,000 Public deposits . 25,883,000 Other de-S^T-d^ 131 ’ 220 ' 000 ftnd other biIIs . 3,455,000 securities Other securities (advances) , Notes inresorvo Coin 70,735,000 81,990,000 20,534,000 1,932,000

Oct. 1, Oct. 2, 1910. 1918. Coin and bullion . Reserves s £ 80,226,000 22,466,000 £ 71,375,000 28,355,000 Notes in circulation . Government deposits . 84,142,000 25.863.000 62,252,000 30.525.nnn Other deposits 131,220.000 137.127.000 Government securities Discounts and advances 70,735,000 81,090,000 3 57,671,000 99,727,000 Proportion of reserve U liabilities per cont . 14.30 16.87

Last This Imperial Consols. 2* n.o. Week. . 50* 51g War loan, 6 p.c. . . 94 S 91* War loan 3* p.e. . . 86* 86* Commonwealth, 5J p.c. . 99 98 Commonwealth. 5* n.c. . . 100§ 100* Now oalar.d 4 p.c., 1925 . 86* 883 New Zealand 3* p.c., 1940 . 71J 71* New Zealand 3 p.o., 1945 N.S.W., 4 p.c., 1938 NJ3.W. 3* p.c., 1950 . N.S.W. 3 p.c., 1935 • 62* . 82* 612 822 : Si 111 Victoria 4 p.c., 1929 . . 98J 98J Victoria 3* p.c. 1921-1925 . 87 SGJ Victoria 3$ p.c., 1929-40 . • G12 62 Victoria 3 p.c., 1929-40 . . C7J 67* Queensland 4 p.c., 1925-29 . 912 912 Queensland 3* p.c., 1930 . 89a S9I Queensland 3 p.c., 1922-47 . 612 61 South Australia 3$ p.c., 1930 70 jL 72* South Australia 3* p.c. . . 58* 59 W. Australia 3* p.c., 1915-40 . 77 75** W. Australia 3 p.c., 1915-40 . 72 71 Tasmania 3* p.c.. 1920-40 . 71 71 Tasmania 3 p.c., 1920-40 . 70 69* *Ex dividend.