Reserve Bank Return Improves
[Per Press Association. Copyrights WELLINGTON". This Day.
The Reserve Bank return for the week ended Monday, December 12, was gazetted last night. The statement is balanced at £25,965,664, or £877.384 more than at the close of the previous week.
For the 'first time for many weeks, the sterling exchange reserve shows an increase, the value, £4.572,031. being £371.175 higher than in the previous return.
A new figure. £300,000, for Treasury and local body bills discounted, is shown, this being the first indication of bill business since the bank started operations. Advances to the Primary Produce Marketing Department are £474.284 lower, while those for other purposes have increased, by £680,000. The seasonal increase in the note issue continues, the total being £500,780 higher than it was a week earlier. Government deposits have increased by £345,954, while the holdings of the trading banks are £30.749 lower.
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Northern Advocate, 17 December 1938, Page 6
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148Reserve Bank Return Improves Northern Advocate, 17 December 1938, Page 6
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