BANK STATEMENTS
NEW RECORD ESTABLISHED. ' DEPOSITS AGAIN INCREASE. WELLINGTON, July 11. An excess of deposits over advances of £7,527,866 is shown by the aggregates of the average statements for the June quarter issued by the six banks trading in New Zealand. This is the most favourable mid-year position since the end of 1920. A year ago there was an excess of deposits of £3,743,725. The movements during the year have been as follow: — Free Deposits, increased £2,160,449 Fixed deposits, increased £1,673,874 Advances, increased £12,056 Discounts, increased £38,127 Note circulation, increased ... £250,729 Coin and bullion, decreased .. £147,230 Following is a comparison of the various classes of deposits for the June quarter of the last two years:— June, 1924. June, 1925. Increase. £ £ £ Govt 3,977,321 3,087,680 *889,641 Free 28.336,760 30,497,209 2,160,449 Fixed 10,292,552 20,966,426 1,673,874 Totals . £51,606.633 £54,551,315 £2,944,682 •Decrease. The increase in the free deposits or current account balances is equal to about 8 per cent. In this increase and in the increase in fixed deposits all the banks shared, as shown by the following tables: FREE DEPOSITS.
FIXED DEPOSITS.
The freo and fixed deposits for the June quarter of recent years compare as follow:
The advances totalled £42,421,049, as compared with £42,408,993 for the June quarter of last year, an increase of £12,056. The figures for the several banks are as follow:
Discounts total £1,476,593. an increase of £38,127, details being as follow:
Taking the fixed and free deposits together, and the advances and discounts together, the excess of the one over the other for the June quarter of recent years is as follows :
The note circulation for the past quarter totalled £6,893,848, an increase of £250,729. The coin and bullion held by the banks, though £147,230 less than was held in the corresponding quarter last year, was more than cover for the note circulation.
Corresponding figures for recent years are
June, June, 1924. 1925. Increases. Bank £ £ £ New Zealand 12,917,465 14,Obi,439 1,163,984 3,435,321 3,715,770 280,449 N.S. Wales . 3,130,353 3,300,665 170,312 Australasia . 2,762,297 3,031,940 269,643 National .... 5,266,438 5,384,246 117,808 Gommercial 824,896 983,149 158,253
June, June, 1924. 1925. Increases. Bonk £ £ £ New Zealand 9,911,512 10,404,187 492,675 2,209,651 2,585,588 375,957 N.S. Wales . 2,602,493 3,229,631 627,138 Australasia .. 1,538,838 1,705,518 166,680 2,779,854 2,783,649 3,795 Commercial . 250,224 257,853 7,629
June Free. Fixed. Totals. Quarter. £ £ £ 1919 ... 28,252,583 14,753,346 43,005,929 1920 ... 38,354,181 16,243,911 54,598,092 1921 ... 29,264,633 16,246,462 45,511,095 1922 ... 25,046,478 16,342,413 41,388,856 1923 ... 28,276,204 17,406,749 45,682,953 1924 ... 28,336,758 19,292,551 47,629,309 1925 ... 30,497,209 20,966,426 51,463,635
June, 1924. June,1925. Increase. Bank. ,e £ & New Zealand 18,272,735 18,722,237 449,502 .. 5,103,670 4,964,608 *139,062 N.S. Wales . 5,048,488 5,099,893 51,405 Australasia . 4,912,202 4,472,505 *439,697 National ... ,, 8,005,845 8,115,002 109,157 Commercial . 1,066,059 1,046,804 *19,249
June, 1924. June, 1925. Increase. Bank. £ £ £ New Zealand .. 870,889 924,160 53,271 52,269 46,827 *5,442 N.S. Wales .. .. 160,054 157,494 *2,560 Australasia .... .. 126,243 120,761 *5,482 National .. 219,457 223,653 4,196 Commercial .. .. 47,681 ‘Decrease. 41,825 *5,856
Juno Deposits. Advances. Excess of Deposits. Quarter. £ £ £ 1919 ... 43,005,929 32,410,706 10,592,223 1920 ... 54,598,092 34,789,581 19,808,511 1921 ... 45,511,095 54,385,485 Excess of Advances. 8,874,390 1922 ... 41,386,868 46,155,934 4,767,048 1923 ... 45,682,953 41,711,273 Excess of Deposits. 3,971,680 1924 ... 47,629,309 43,885,385 3,743,924 1925 ... 51,463,635 43,935,769 7,527,866
June Circulation. Coin and Bullion Quarter. £ £ 1919 ... 7,226,530 8,024,147 1920 7,926,474 7,740,848 1921 ... 7,853,072 7,678,578 1922 7,315,753 7,794,635 1923 6,741,677 7,902,018 1924 6,643,119 7,845,743 1925 6,8915,848 7,698,516
Permanent link to this item
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Bibliographic details
Manawatu Standard, Volume XLV, Issue 189, 15 July 1925, Page 15
Word Count
535BANK STATEMENTS Manawatu Standard, Volume XLV, Issue 189, 15 July 1925, Page 15
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