FINANCIAL

Manawatu Standard, Volume LXI, Issue 89, 14 March 1941, Page 8

FINANCIAL

WELLINGTON EXCHANGE. The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange are as follows:

Maori Gold 0 0 1 o Cum dividend, x Et dividend. "Wellington sales yesterday were:—£6so Govt. Stock, 4 p.c., 15-4-46-49, £104; 5 Bank of New South Wales, £29; 150 Broken Hill Pty. (2), £2 Is Gd; 625 ditto, rights (11), 17s 3d; 100 Wolworths, Ltd., 17s 7d. reserveTbank. STERLING FUNDS HIGHER. WELLINGTON, March 14. The sterling exchange funds of the Reserve Rank of New Zealand last Monday stood at £18,585,358, a further increase for tlio week of £1,824.458. The bank's not overseas assets at £18,555,092 showed an increase of £1,806,647. The note issue totalled £21.201,496, a further decrease of £62,787. Advances to the State Marketing Department at £2,788,484 have increased by £4857, while advances to the State for other purposes have decreased by £2,475,000, and now stand at £20,565,000. The statement is as follows; — LIABILITIES.

N.Z. GOVT. LOANS— Buyers. Sellers. £ s. d. JE s. d. 3 p.c. Stock, 15-7-1939-41 .. 99 5 0 34 p.c. ditto, 15-1-1933-57 .. — 100 7 6 4 p.c. ditto, 15-3-1940-43 .. 102 5 0 — Ditto, 15-2-1943-46 102 2 6 Ditto, 30-11-194.9 103 12 6 — Ditto, 31-5-1954-58 106 0 0 34 p.c. BondB, 15-1-1953-57 3| p.c. State Advances, 100 5 0 1-9-1955-60 — 98 5 0 War Loan, 1-10-53 81 15 0 DEBENTURES— Auck. City, 4 p.c.. 15-12-63 — 106 5 0 Wgtn. Hr. Bd„ 4h p.c.. 28-3-61 108 10 0 BANKS— Comrcl. of Aust.. ord. .. 0 14 3 — Eng., Scot, and Aust. .. ; 4 G 6 National of N.Z — 1 17 0 New South IValcs 29 0 0 29 5 0 New Zealand 2 17 2 1 9 Ditto, D long ....term .. 19 0 — FINANCIAL— Goldsbrough, Mort and Co N.Z. Invest., Mortgage 14 3 1 5 3 and Deposit — 0 10 0 Wairarapa Farmers, pref 0 4 10 — Wgtn. Invest., T. and A. — 0 9 G Wgtn. Trust, Loan — 4 14 0 GAS— Christchurch — 1 2 2 Ditto, contrib — ft \1 0 Gisborne — 0 5 6 Napier 6 5 0 — Wellington, ord — 1 13 9 Ditto, pref 1 1 6 — INSURANCE— National of N.Z 0 19 0 — New Zealand — 3 3 G South British c3 11 6 — MEAT PRESERVING— Gear Meat — 0 14 1 TRANSPORT— Huddart. Parker, pref. ... cl 6 6 — Union Steam, pref 16 6 — WOOLLEN— Bond’s Hosiery Mills ... cl C 6 — Oamaru — 1 0 7 Wellington, ord 6 10 0 -- Ditto, pref 6 13 0 — COAL — Grey Valley 0 5 3 — Westport — 1 3 9 Westport-Stockton — 0 2 9 Ditto, pref — 0 6 9 TIMBER— Kauri 110 — National 0 6 6 — Taringamutu 0 13 8 — Taupo Totara, ord 0 4 2 —. Ditto, pref 0 10 6 — Rotoiti — 0 4 0 BREWERIESDominion — 1 11 0 N.Z. Breweries — 1 12 0 Tooth 2 10 0 — Staples — 0 1 0 Taranaki — 1 2 0 MISCELLANEOUSAust. Consol. Industries 1 19 6 — AuBt. Iron and Steel .. — 1 7 3 British Tobacco — x2 S 0 Broken Hill Pty 2 1 0 — Ditto, rights t 0 17 3 0 17 6 Burns, Philp and Co. .. — 2 12 0 C. M. Banks, pref — 0 12 0 Claude Neon Lights (N.Z.) — 1 0 0 Colonial Sugar 53 0 0 — Consol. Brick and Pipe — 0 7 0 D.I.C.. ord 0 13 9 — Dunlop Perdrian cl 0 3 — General Industries — cO 18 6 G. J. Coles 3 4 3 3 5 6 Macduffs, ord 0 9 0 0 10 0 Macduffs, pref. ( 0 19 3 Moturoa Oil, pref — 0 5 0 National Electric — 1 0 6 N.Z. Drug, 20s paid 3 9 9 2 11 oSelfridges (A'asia.) 10 0 1 1 3 Sharland and Go., ord. ... 0 17 10 — D’tto, pref 0 17 10 — 6 Taranaki Oilfields — 0 5 Taranaki Oil Development — 0 3 6 Victoria Laundry — 1 0 0 Ditto, contrib — 0 14 9 Wilsons (N.Z.) Cement ... 0 19 0 0 19 6 Wm. Cable, pref 1 1 9 — Woolworths Ltd., ord. ... 0 17 6 0 17 9 Woolworths (N.Z.), ord. — 0 14 2 Woolworths Properties, prefd. ord 1 4 4 — MINING— Big River ' 0 1 2 Grey River — 0 15 9

£ s d General reserve fund 1,500.000 0 0 Bank notes 21,201,496 Demand liabilities — 0 0 (a) State 15,944.152 13 6 (b) Banks 10,473,919 3 4 (c) Other 591,350 15 10 Liabilities in currencies other than N.Z. cur0 0 Othcr liabilities 1,068,632 14 9 £N.Z.50,809,817 7 5 ASSETS. Reserve— £ s 0 la) Gold 2,801,873 10 0 (b) Sterling exchange *18,585,357 19 11 9 3 Advances — (a) To the State or State undertakings— (1) Marketing Dent. 2,788,483 13 9 (2) For other pur poses .... 20,565,000 0 0 Other 300,000 0 0 Investments 3,779,263 7 10 Other assets 1,927,049 6 8 £N.Z.50,800,817 7 5 in N.Z. currency.