BRITISH FINANCE.

Lyttelton Times, Volume CXVII, Issue 18237, 27 October 1919, Page 11

BRITISH FINANCE.

By Telegraph—Presi At sociation—Copyright Australian and N.Z. Cable Association. LONDON, October 24. BANK OK ENGLAND RETURNS. Tiia Bank of England returns for the week ended Wednesday, October 22, aro aa fol- | lows:—

OPEN MARKET RATES, The open market discount rate for three months' bills is 4i per cent, unchanged sinco last. week. Short loans are quoted at 3J per cent, unchanged since last week. GOVERNMENT SECURITIES. The following aro the latest quotations for Government securities, compared with tho prices ruling last week:—• Last This Week. Week.

ISSUE DEPARTMENT. £ .Moi-es in cir- Government calation . 83,413,(XX) debt ivot.es in ro- Oth.:r secuecrve . 21,384,000 rities . . Gold dfein «ncl bullion , £ 11,015,000 7,435,000 86,217,000 £104,697,000 £104,697,000 COMPARISON WITH LAST YEAR. Oct. 22, Oct. 23, 1919. 1918. £ £ Coin and bullion . . 88,247,000 73,409,000 Re serves . . 23,078,000 28,462,000 Notes in circulation . 83,413,000 63,396,000 Government deposits . 22,410,000 82,0-13,000 Discounts and advances 83,143,000 95,380,000 Proportion of reserve to liabilities per cont 13.81 18.75

Imperial consols, 24 p.o. 62 52 "War loan, 6 p.o. 95J 951 War loan, 3i p.o. . 863 87 Commonwealth, &i p.c. . 1002 1001 Commonwealth, 64 p.o. . 991 0S2 Now Zealand 4 p.c., 1929 851 851 Now Zealand SJ p.o., 1910 72 72 New Zealand 3 p.o., 1916 . 621 621 N.S.W. 4 p.o., 1933 82J 825 N.S.W. 81 p.o., 1950 . . 691 092 N.S.W. 8 p.c., 1935 68g 69 Victoria 4 p.c., 1929 982 99 Victoria 81 p.c., 1921-25 871 87 Victoria 81 p.c., 1929-10 61 i 62 Victoria 8 p.c., 1929-40 67* GTJ Queensland 4 p.o., 1925-29 92 92 Queensland 31 p.c., 1930 89 69 Queensland 3 p.c., 1922-4" 611 611 South Australia 3l p.c., 1930 72 72 South Australia 31 p.c. 58$ 59 W. Australia 31 p.c., 1915-10 . 75 75 W. Australia, 8 p.c., 1915-40 603 602 Tasmania 34 p.c., 1920-40 713 712 Tasmania 8 p.c., 1920-40 70 70