Reserve Bank Return
[Special to “Northern Advocate.”] WELLINGTON, This Day. The Reserve Bank return for the week ended Monday, July 25. was gazetted last night. The statement is balanced at £26,998,326. or £988,067 more than at the close o| the previous week. An increase of £1,120,614 in the level of Government deposits is the chief movement in assets. The deposits of the trading banks are lower in value. There has been a rise of £17,813 in the note issue, while other demand liabilities are £40,074 higher. On the assets side, the most notable change is an increase of £1,300,000 in the level of “other purposes” advances to the State or State Departments. The value of the sterling exchange reserve has fallen by £507,272. Advances to the Primary Produce Marketing Department are £198,610 greater,
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Northern Advocate, 29 July 1938, Page 6
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133Reserve Bank Return Northern Advocate, 29 July 1938, Page 6
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