RESERVE BANK RETURN

New Zealand Herald, Volume LXXI, Issue 21911, 21 September 1934, Page 7

RESERVE BANK RETURN

INCREASE IN NOTE ISSUE RISE OF HALF A MILLION BANKERS* DEPOSITS REDUCED: [by TELEGRAPH—OWN CORRESPONDENT] WELLINGTON, Thursday The Reserve Bank return for the week endod Monday, September 17, was gazetted to-night. The statement is balanced at £30,509,751, or £9607 more than last week. The principal feature on the liabilities side is an increase of £577,682 in the note issue. This is more than counterbalanced by a decrease of. £587,0-15 in the deposits of the ti-ading banks. Other changes in tho liabilitiea are merely nominal. The assets stand practically unchanged compared 'with last week's level. The figures for the gold reserve are identical, sliowing that the transfer from the trading banks has been completed. Tho statement, with variations compared with last week, is as follows: —■ LIABILITIES ' Variation 1. Capital .. £500.000 Same 2. Gen. reserve .. 1,000.000 Same 3. Bank notes . . 8,084,350 577,682t 4. Demand liabilities—(a) State .. 4,079.420 15.94C>t (b) Banks .. 16,225.853 587,045* (c) Other .. 150 123t 7. Other liabilities 19,978 2.899t Total . £30,509,751 £9,607f ASSETS 8. Reserve—(a) Gold .. £4,351.727 . Sam® (b) Sterling exch. 24,499,866 1,710t 9. Subsidiary coin 123,513 24* 12. Investments .. 1,500,000 Same 14. Other assets .. 34,645 7,9211" Total .. £30.509,751 9,607t tlncreaae. 'Decrease. Proportion of reserves to notes and other demand liabilities, 99.52 per cent; (99.54 last week). NEW COMPANIES AUCKLAND REGISTRATIONS i; The following private companies hav» been registered in Auckland:— Albert Chambers, Limited, property owners. Capital, £2500. Subscribersi M. L. Shrubsall and L. J. Shrubsall, 1250 shares each. Morton Diesel Power, New Zealand, Limited, engineers, hardware merchants and ironmongers. Capital, £ISOO, in £1 shares. Subscribers: D. B. Morton, 1050 shares; J. H. H. Wood, 200; W. L. Barker and A. E. Lawry, 100 each}' J. E. Connor, 50. PRICES OF METALS LONDON MARKET STEADY < > (Received September 20, 7.35 pan.) LONDON, Sept. 19 Following are to-day's quotations on the London metal market, compared with those o£ September 18: Sept. 19 Sept, 18 Per ton Per ton £ed £ e d Copper, stan., spot .. 27 10 7J 27 6 10| Copper, etan., 3 moa. 27 16 3 27 13 1J 'Copper, electrolytio .. 30 7 6 30 5 0 to to 30 17 6 30 15 0 Copper, elect., wire bars 30 17 6 30 15 0 Lead, soft, spot .. 10 6 3 10 5 0 I Lead, soft, forward .. 10 10 0 10 8 9 Spelter, spot .. .. 12 7 6 12 5 0. Spelter, forward .. 12 ° ? Tin. etan., spot .. 228 17 6 229 17 6 Tin, stan., 3 moa. .. 227 3 9 227 1 3 ♦American, 9 cente a lb. *