RESERVE BANK RETURN

New Zealand Herald, Volume LXXII, Issue 22183, 9 August 1935, Page 7

RESERVE BANK RETURN

STATE DEPOSITS HIGHER FALL IN BANK HQLDINGS REDUCTION OF NOTE ISSUE [BY TELEGRAPH —PRESS ASSOCIATION] WELLINGTON. Thursday The Reserve Bank return for the week ended August 5 was gazetted today. The statement is balanced at £26,114,444, or £5282 less than at the close of the previous week. Government deposits, after three successive. decreases, have now risen again by £236,300. There has been a fall, of £183,887 in the level of trading bankdeposits, while the note issue is lower by £19,274. Very littlo movement is shown by the items on the assets side. Sterling exchange remains practically unchanged, while the value of subsidiary coin is £4533 lower. The statement with variations compared with the week before is as follows: —• LIABILITIES Variation 1. Capitiil -• £500,000 Same 2. Gen. reserve . . 1,000,000 Same :j. Bank notes . . 8,799,107 49,274* 4. Demand liabilities — (a) State . .. 11,523,858 23G,300t (b) Banks .. 4,078,214 18;),887* (c) Other . .. 1-18.935 2.957t 7. Other liabilities . 03.910 11,378* Total ' ... ... £26.114,444 £5,282' ASSETS 8. Heserve—(n) Gold . .. £2,801.732 Same (I>) Sterling Ex; . 21,053,855 153t 9. Subsidiary coin. . 130,760 -4,533* 12. Investment .. 2,091,075 Same 14. Other assets . . 3-1,021 902* Total . . .. £25.114,4-14 £5,282* tHigher. 'Lower. Proportion of reserve to notes and other demand liabilities, 97.16 per cent (97.19 last week). AUSTRALIAN EXCHANGES YESTERDAY'S BUSINESS y (Received August 8, 7.35 p.m.) SYDNEY, Aug. 8 On the Sydney Stock Exchange business was of smaller volume to-day, with somo tendency to profit taking. Banks were steady to firm. This morning's sales included: —Commonwealth 4 per cent bonds; 1944, £lO4 1.55; 1947, £lO5 7s Gd; 1959, £lO5 Gs 3d; 1961, £lO5 17s Gd. Commercial Bank of Sydney, £lB 17s; Bank of New South Waies, £33 17s Gd; English, Scottish and Australian Bank, £5 10s; Huddart-Parkcr, 41s 9d; Tooth's Brewery, 56s 3d; Anthony Hordern, 20s 4.1 d; ditto, preference, 255; Associated News, '2-ls; ditto, preference, 23s 9d; Broken Hill Proprietary, 66s 9d; Broken Hill South, £5 0a 6d; Morris Hedstrotn, 21s. Later sales included: —Bank of New South Wales, £33 17s 6d; Commercial Bank of Sydney, £lB 18s; Eriplish, Scottish and Australian Bank, £5 10s; Colonial Sugar, £45 10s; Associated News, 245; ditto, preference, 23s 9d; HuddartParker, 425; Burns-Philp, 675; Australian Gas, A shares, £8 5s Gd; ditto, B shares, £8 ss; Tooth's Brewery, 565; Carlton Brewery, 545; Australian Glass, 775; Dunlrtp-Pcrdriau, 16s ljd; Greater J. D. Williams, 8s 8d; Fairymead Sugar. 38s Gd; Henry Jones, 395; Electrolytic Zinc. 30s; ditto, preference, 36s Gd; Farmers', 28s; General Industries, 20s 3d; Mount Morgan, 40s; Broken Hill Proprietary, 66s 6d; Kuala Kampar, 13s Gd; Rawang Tin, 7s 9d; Larut Tin, 12s 3d. a Commonwealth 4 per cent bonds: 1938, £lO3 ss; 11141, £lO3 10s; 1944, £lOl 16s - 3d; 1947, £lO5 10s; 1053, £lO4 7s 6d; 1957, £lO4 17s Gd; 1959, £lO5 ss; 1961, £lO5 15s. Melbourne sales included: —Golds-brongh-Mort, 33s 9d; G. J. Coles, G2s; Nestle's, preference, 375: Herald and Weekly Times, 64s 3d; Mount Lyell, 20s 7J d. _____ FOREIGN EXCHANGES STEADINESS OF DOLLAR (Received August 8, 5.5 p.m.) British Wireless RUGBY, Aug. 7 • The following rates on foreign exchanges are current, compared with the cabled quotations on August 6 and par:— Aug. 7 Aug. G Par Montreal, doi. .. 4.96% 4.96% 4.BCG New York, dol. . 4.96 4.96 4.866 Paris, fr. .. 71 1 %«, 747b 124.21 Bruasels, belga . 29.37 29.34V4 35.00 Geneva, fr. .. 15.16 15.15 25.22 Amsterdam, fl. . 7.33 7.32'/ a 12.10 Milan, lire .. GO%' GO 3 ; 92.46 Berlin, r.ra. .. 12.29 12.29 20.43 Stockholm, kr. . 19.39'/,. 19.39'/;, 18.159 Copeniiugen, kr. . 23.39'/ a * 23.39 M, 18.159 Oslo, kr. .. 19.90'/, 19.90'/, 18.159 Viefina, *ch. •.. 26% 2G 1 /, 34.585 .Prague, kr. .. 119% 119'/i 164.25 Helningfors, mark 220% 226% 129.C3 Madrid, pes. .. 36 s /, 86 9-64 25.221 Lisbon, escu_ .. 110% 110% 110 Athens, dr. f.. BIT 515* 375.00 Bucharest, lei. . 624 * 623* 818.6 Kiode Janeiro, mil. 4%d* 4'/ 4 d' 5.899 d Buenos Aires, dol. Ssd* 85d* 47.G19d Montevideo, dol. 39% d* 39% d* Bid Bombay, rupee , lSVid ISVod 18d Shanghai, dol. . IBd 18 l /ied Hongkong, dol. . 25%« d 25%„d Yokohama, yen . 14V )3 d 14% ad 24.58 d Batavia, fl. .. 7.32% 7.31% 12.10 Belgrade, din, • • 216 216 276.31 ♦Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a Now Zealand currency oasis, subject to alteration without notice:— Selling: United States Canada T.T. .. .. Q. 97% 3.93% On demand .. 8.98V4 8.98% Buying: On demand .. 4.02% 4.03 Following are the latest rates for purchases aim sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They aro subject to alteration without notice: — T.T. On Demnnd To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. 3.97% 4.02% 3.98 Canada, dol. .. 3.97% 4.02% 3.98% France, fr. • .. 59.51 61.14 59.59 Noumea, fr. .. 58.79 62.19 58.81 Papeete, fr. . . 58.79 62.19 58.81 Belgium, bclgft . . 23.292 Germany, r.m. . 9.668 Italy, lire .. .. 47,88 - 47.92 Switzerland, fr. .. 11.098 . 12.47!\ 12.008 Holland, fl. .. 5.778 6.078 5.782 Java, fl 5.762 6.037 5.766 Swecfen, kr. .. 15.458 15.828 15.468 Norway, kr. ~ 15.868 16.238 15.878 Denmark, kr. .. 17.878 18.2-18 17.888 Austria, sch. . .. 20,49 ■ — 20,51 Czecho-Slovnkia, cr. 95.41 N.Z, pence to Japan, yen .. 17 3 % a Shanghai, dol. . . 23% 21"%, 23%, India, rupee .. 22 3 %, 22%, Ceylon, rupee . . 22 J %, 22%, 22-'%, Hongkong, dol. . . 32%, 80-'%, 5-/?" Singapore, dol. . 85% 34%, 85/,* The cost in Now Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: Present Price Par ad b d Auntrnlia, pound . 19.10.81 20 0.00 London, pound . . 24 10.65 20 0.00 Fiji, pound .. . • 22 5.66 20 0.00 New York dollar .. 6 0.18 4 1.31 Montreal,, dollar 5 0,11 4 1.31 Paris, franc .. .. 0 3.98 0 1.98 Berlin, reiehmark .. 2 0.28.' 0 11.7-1 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen . . .. 1 5.61 2 0.58 CUSTOMS .EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. Thoy aro subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in New Zealand. Finally declared rates are marked*:— Canadian Highlander, Canada, dol. *4.95 Canadian Highlander. America, dol. *4.94 Brisbane ■ Marti, Japan, yen .. 14% d City of Glasgow, America, dollars 4.95 # / n Mariposa. America, dollars . . . . 4.9G , /„ Anglo Canadian, America, dollars 4.95yi« Niagara, Canada, dollars .. 4.06'/, Norbada, India, rupee* . . . . 18% d Melbourne Mara, Japan, yen .. ]4%,d Canadian Planter, Canada, dollars 4.96%