BRITISH FINANCE.

Lyttelton Times, Volume CXVIII, Issue 18439, 19 June 1920, Page 12

BRITISH FINANCE.

BANK OF ENGLAND RETURNS. By Telegraph—Press Association—Copyricht. Australian and N.Z. Cable Association Th ß „ f ,r , JWHDOH. June 17. „£ Bank •' England returns tor the week ended June 16 afford the following comparison with those of the previous weekiJunn 9. June 16. £ A W»ll and bl ' llioß • ' "5.500.000 116.729,000 P^f T i- r ■ • 20,790,000 21,975,000 Proportion of reserve to liabilities per cent 18.D9 14 09 Bmm^ 11 •• ' 114 ' 114,166,000 government deposits . 19,441,000 01,259 000 Other deposits . 336,874,000 132 554 000 government securities . 74,499,000 70 602 000 Other securities . . 78,790,000 7f1,813C00 ahort loans , . 5i p 0 fij n 0 Three months' bills . efpio! 6Jpo.' GOVERNMENT SECURITIES. The following are the latest quotations for trovemment securities, compared with tho prices ruling last week:—

FOREIGN EXCHANGES. Foreign exchange rates on London afford the following comparison:— To the

Tho rupee quotations in sterling were: on June 10; 22d on June 16.

Last This Imperial Consols, 2} p.o. War loan, 5 p.o. week. • m . 85 •reek, 47* 861 82! War loan, 8J p.c. . . 823 Commonwealth, 6| p.o. . Commonwealth, 6| p.o. . 96J . 94$ !10i 94 J New Zealand. 4 p.c. . New Zealand, 8j p.o. , . 92 92| 65 J . 65J New Zealand, 3 p.o. . . 67} 57 j N.S.W., i p.o. . 76i 75 N.S.W, 3i p.o. . 63 63} N.S.W. 8 p.o. . . 69* 59i Victoria, 4 p.o. . 98? 98 Victoria 3J p.o,, 1921-26 . . 81 80J Victoria 3J p.o., 1989-49 . • 66$ 57i Victoria, 3 p.c . 69£ 60fc Queensland, 4 p.o. . 86 86{ Queensland 3J p.c, 1921-24 . 84 84 Queensland 3J p.c, 1930-40 . 94 94 Queensland 3 p.c. . Ml 645 South Australia 3} p.c. . . (» 65 South Australia 3 p.o. . . 49 48* West Austratfa 8J p.c . . 70S 70J West Australia, 8 p.o. . . 67J ■s Tasmania, 3| p.c . , . 63J 68j Tasmania, 3 p.c. . . . 61 61

£par. June 10. 3 Que 16 Paris (fr.) . 25.23 51.27 50.45 Christiania (let.) 18.16 22.00 22.57 Stockholm (kr.). 18.15 18.12 18.21 Calcutta (rup«e) Montreal (dol.) . 10.00 9.64 10.00 4.85 4.44 4.57 New York (dol.) 4.63 3.93 3.981