BANKING RETURNS.
DECEMBER QUARTER. SATISFACTORY POSITION. DEPOSITS INCREASED. SHRINKAGE IN" ADVANCES. [BT TEtE<..n\ri!. -OWN IORRESrONT'ENT.] Wellington", Monday. The banking returns for the doling quarter of 1916 disclose a position unprecedented in the economic history of New Zealand. The —Government, free and fixed— show in the aggregate an increase of £5.364.302. as compared with December, 1914, while the advances and discounts combined in the same comparison disclose a shrinkage of £1,889.969. The Deposits. The aggregates of deposits compare as under:— !
Tlie total of £32,185.946 is the largest in the history of New Zealand. The totals of the fixed and ire* deposits for a series of years show as under :--
-Vll the hanks exhibit, increases in both free and fixed deposits, the Bank of New Zealand showing an expansion 0: £2.206.397 in free deposits and £548,782 in fixed deposits. Advances and Discounts. The advances decreased by £1,552,099. the share of each institution being as follows : — Bank of New Zealand. £239.728. Bank of New South Wales, £312,878. Bank of Australasia, £1,007,499. National Bank. £133.384. The Union Bank exhibits an increase of £1 241 and the Commercial Bank an inc,ea.<=e of £37,149. The discounts are Jess by £357.870, in which all the banks shared except the Commercial Bank, whose bill portfolio shows an increase of £5512. The advances and discounts for the December quarter of a scries of years are given in the table appended :—•
In 1912, 1913, and 1914, the aggregates of the fixed and free deposits were lees than the aggregates of the advances and discounts, hut for the past quarter the deposits exceed the advances bv Ihe huge sum of £6.112,462. Note Circulation and Coin.
Th« not* circulation shows an increase of £483.584. Bullion has increased bv £741.403, or £257.819 more than the in* crease exhibited by the not© circulation.
Dec., 1911. Dec., 1915. Incrr&s©. | Govt, deposits 2.418,545 3.030.645 612.100 F-y Pe j epo5,ls 13.675.479 17.293,719 3,618.240 t 11 ed deposits 10.727,620 11,861.582 1,133,962 1*26,631.64 4 £32.185,946 £5,364,302
„ T Free. Fixed ■Uwr. Deposits. Deposit?. Total. 1911 ... 1 -.934 10.49f.Ktvi i! 431 inf. 1912 ... J-J.46.VM* 10 43t\7"..> JSJ3 ... 12.i93.ST5 10.545.345 -J2.h39.-JJ0 '! ... 13,675,470 10.72,',>v20 ■''j yyy 1915 ... 17,293,710 11,9>1,5>2 --<,155.301
Advances- Discounts. Totals. D<>c. i' £ £ 1911 .. 21,388.649 1.8T-J.35I 'J3.191.00n 1912 .. "Jl.396.049 1.950.49t i3.346.543 1913 .. J 1.826,746 0.0H.589 J3.841.335 1911 . . 23.1-21,235 1.811.573 '24.932,808 1915 . . 21,589.136 1.453,703 23,042.539
Circulation. Com. TV.-. £ j1911 3.693,160 5.351,953 191-2 1,712,466 5.237.767 3913 ... ... 1.671.703 5.290.183 1914 2.614.232 6.209.113 1915 3,097,816 6.950.516
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Bibliographic details
New Zealand Herald, Volume LIII, Issue 16123, 11 January 1916, Page 9
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401BANKING RETURNS. New Zealand Herald, Volume LIII, Issue 16123, 11 January 1916, Page 9
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