BANK STATEMENTS.

New Zealand Herald, Volume LVII, Issue 17599, 12 October 1920, Page 6

BANK STATEMENTS.

i RETURNS FOR THE QUARTER, REDUCTION OF DEPOSITS. '.■-".:/ ' „ I ;■; LARGER ; SUM IN ADVANCES.. [BT TELEGRATH.—ow.v COnBESEONn^T-] ; WELLINGTON: Monday/ '. : The ..statements for .the/ September 5 quarter of the 6ix commercial banks trad- ' ing.in New; Zealand show, in t/mparison '-. with the returns for the Juno quarter, a 1 decline m private deposits and an increase ■ in advances. ~;.-..'-,:■., *: ■ : The deposits of .all classes for the last ' two quarters compare as follows:— • i .-'-••■ -.-;' June. 1920. Sept.. 1920 Decrease. I- '■•..-•-.■'-•- ■'■ -.■.- :*/>-'■>■,-■- ■£:■:■£ ■■-~,: ' ; GoTornment. 8.579,16* 7,527i386 851.778 I: .Free'■/'-;■-:.•-;-.•. 58,354.181 ■ 36.186.899 1.867.182 j \. Fixed .... 16,343,911 16.644,695/, "400,78 a * v.- -_ , -»—_ ,— , , , ,„,„,,, ~,„ i ' Totals . . £62,077,26fi 560,669,078 £ 2.318,178 ,' -- - . -':.-/." / ■ *lßcr«s®, ■ . . -— ■. r : Owingto the increase in fixed deposits, . tbo : liabilities on private accounts aro less - by only £1,466,400. .The advances and 1 discounts compare as ; follow :-f-. ! ','"_. June. 1930, Sept.. 1920, Increase. £ £ * ;'. Advance 5...:.53.467.188 37491,941 3.754.73S Discounts .. 1,552,393 : 1,885,867 ~<95,47<1 I - :-, Totals . .'£54,789,681 .539,017.808. £4,228,227 . The fixed Vand free deposits 'for the L September, quarter for each year since 11914 compare a& foHowe ;r- _/* - ' o ; Free. Fixed.' ' Total. > Sept. £ £ £ .-■,-. . JSJJ '-'■' •V- 14.172.t77 10,828,887, . 25,001,664' » 1915 ■-~;.- > 17,545i1863 , 11,609,066 ." 201M929' :; J2JS ;;, i9.620,t57i , 12,978,629 > 33,599 900 1917 . . 21,567,821 14,189 35 707 686l 1818 \- . .."21,646,245 ..r 14.123.961 35,770,206 1319 :..: 30.331,317 . ,15,041.568: 372.835 j. 1920 ... 36,480.999 16,644,693 . -53,181,692 > Taking the free and 'the fixed deposits '■, together, and the advances and the dis- ! counts.together, the excess of.the former over 5 the latter in-each year is disclosed in the table appended^— . .'; -v ' , Sept.--,-.. Deposits. : J Advances; ;i deposits. / 1914.'.,. . 25.001.664 . 24,-4G2.57(i ,599,008 I j 1915 . ,;- 29,154.929 23,848.906 '"/;• 5,806 023 1 U916 -■;. 1.599,5<» 24,677,968 ' ' 7 921 335: •1 1917 .•/ 35,707,683 ." 28,415,451 -' 7,283485' 1918 .v 35.770,205 31.646,638 4.123:574 > ; 3.919 .. 45,372,865 I 30,149. t",i : :a,223vUi; Y 1320 ••..- 53,181,693 - "89.017,803 14,1131884 " , ■ - ' . •' - l;he note circulation of the quarter was £7,617,288,' of which £730,&93 represents "notes/ of : other banks" held, by the banks, the net circulation being! £6,886,605. Tiiis shows an increase of i £?2,25? on the net circulation in the | ! June/quarter. ■ Coin and bullion -held by | j the banks.total £7,710,617, compared with i ; £7,740,848 in. the June quarter. - : :'.' J ; BANK OFFICERS' SALARIES, j - --" "*"" 1«—,3. . ■■r ,iw . I ; AUSTRALIAN; UNION'S DEMANDS. --'■; The United Bank Officers' Association in Sydney served -its claims for increased , wages; on the various banking interests ; on September 29.A/ salary of £5000 per annum is claimed by the union.for the general manager of , the Bank of New South Wales.- arid alto for the general manager of the . Commer* rial Banking Company of /Sydney, / Limited. // - - ■■-;.•-'//-' ■ •'--';';. Other rates asked, for by the union in- . elude the following:—Manager" of the , Bank of New Zealand, £1200; manager of the Royal Bank, £1200; manager of the ELS." and A. Bank, £2250; manager ; of the Commercial Bank of Australia, ; Limited,.£lsoo; manager, of the Bank of / Australasia, ; £2000 inspector and gen- ■- jral manager of the London Bank of "Aus- ; tralia,; £4000; ; manager of the National i Bank of Australasia, Limited, £2000; manager of the Union Bank of Australia^ £2000; general manager of the Australian '■'- Bank of Commerce, Limited, £3500; chief inspector of the / Commonwealth Bank. ;■ '£2400 ;/:;/;: i ; ;'_ ' /■■_;. -./.;"-j/' : ' /'• ' /;"' 1 , -: The following salaries are also de--1 banded in regard to the other employees '■ of the Commonwealth Bank:—» ~ ' accountant, £2000; branch in- ' specters, £1000; assistant manage; ' head '■ office; £1600;;/branch accountant; £1500; 1 '/chief . cashieri'; x £1000; ' head office ; accounr tant, t £1000; 'head- .office security, clerk, \ £950; deputy 'registrar, War Loan lie- ' partment, £800; chief, clerk, general / bank, £300; chief paying : telle*, £750; sub-accountant, head office, i/00; other f paying tellers, £650,; - receiving tellers,' r £600;.bond'teller^War. Loan, £550; over- ; seas department (head), £550; teller (War 1 Loan),. £500; bills department,' £650; War | ;- Loan inscribed stock,£6oo; War Loan chief j ;" clerk. £600; senior examiner, .'£sso head j ; balancing staff, £550 examiners, ■; £500;■! ledgeirkeepers,;£4oo. ~,,'" ".'' *'""^,U ■ /.Savings i Bank , Department.-—Chief administrator, £1000; superintendent, £850. ; | ? inspector, £850; agency inspector, firOO;-j ; ;chief clerk> £700; senior examiner, £550; ? first ■■ pay teller, £600; other paying . tellers, £550; receiving tellers. £500. ; . ; The. union demands. .that all employees should' be paid/ according to the follow, ing scale, except when holding a classified position carrying higher salary, in which ''. case the greater salary should be paid,:—- ' 21 years, £260; 22; £280; 23, £300; 24, : £320; 25, £340; 26, £360; 27, £380;'28 ? £400; 29, £420: 30* £440:31, £460; 32 £480; 33,- JB500; 34, £820. = Rates ranging l from £100; per annum to ■} £280 are asked for for iuniors, and from : £130 up ito £280 for the* women staff.