BRITISH FINANCE.

Lyttelton Times, Volume CXVII, Issue 18285, 22 December 1919, Page 7

BRITISH FINANCE.

BANK OF ENGLAND RETURNS. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. LONDON, December 18. ' The Dank of England returns for tho week ended Wednesday, December 17, are as follows : ISSUE DEPARTMENT. £ £ Notes in cir- Government dilation . 90,300,000 debt . 11,015,000 Notes in re- Other socueervo . 18,342,000 rities . 7,435,000 Gold coin and bullion . 90,192,000 £108,042,000 £103,642,000 BANKING DEPARTMENT. £ £ Proprietors’ Government capital . 14,553,000 securities 68,180,000 Publio de- Other seoaposits . 21,538,000 rit.es (,auOther do- vances) . 76,860,000 posits . 125,512,000 Notos in reKest, 7-day serve . 18,342,000 and other Coin . . 1,307,000 bills . 3,095,000 £161,638,000 £164,693,000 COMPARISON WITH LAST YEAR, Dec. 17, Dec. 18, 1919. 1913. | & £ Coin and bullion . • 90,192,000 78,604,000 Reserves . . . 19,649,000 28,091,000 notes in circulation . 90,300,000 G 5,063,000 Government deposits . £1,538,000 26,668,060 Other deposits . • 125,512,000 143,884,000 Government securities . 63,189,000 69,355,000 Discounts and advancos 76,800,000 93,217,000 Proportion of reserve to liabilities per cent . 13.38 16.25 OPEN MARKET RATES. Tho open market discount rato for three months’ bills is 6jJ per cent, compared with 6 u-ili per cent last week. Short loans aro quoted at 4| per cent, unchanged Binco last week. GOVERNMENT SECURITIES. The ioiiowmg are Ute latest quotations for Government s-ouiues, compared with the prices ruung last wcok:—Last This

tV ©OK. Week. Imperial consols, 2£ pm. . 604 69$ H ur loan, 6 p.o. . . 904 91 War ioun, 34 p.o. . . 35 65J Uummouweaitn, .64 p.o. . . 97 j| 97$ Uommonweiutli, 6jt p.o. . . 93 97$ new Zea.aud 4 p.c., 1929 . 63g 63| iNow Zealand 34 p.c., 1940 . 68$ 09 jNew Zealand 3 p.c., 1946 . 01 004 N.S.W. 4 p.o., 1948 . . 78$ 79 N.S.VY. 34 p.c., 1950 . , 05 044 H.S.W. 3 p.o., 1935 . . , 655 050 Victoria 4 p.o., 1929 . 97$ 971 Victoria 34 1921-25 . 85 84$ Victoria 3£ p.c., 1929-40 , . 694 594 Victoria 3 p.o., 1929-40 , . 604 00$ Queensland 4 p.o., 1925-29 . 69j 89* Queensland 84 p.o., 1930 . 87 87 South Australia 3i p.o., 1930 69 68$ South Australia 34 p.o., 1930 . 09 080 South Australia 8 p.o. . . 65 68 W. Australia 34 p.o., 1915-40 . 74$ 74$ IV. Australia 3 p.o., 1915-40 704 70$ Tasmania 34 pc., 1920-40 . 664 "03 Tasmania 3 jjm., 1920-40 . 63* na