RESERVE BANK RETURN

New Zealand Herald, Volume LXXII, Issue 22261, 8 November 1935, Page 7

RESERVE BANK RETURN

INCREASED NOTE ISSUE DEPOSIT LEVELS FALL MINOR CHANGES IN ASSETS [BY TELFCItAPn —PRESS ASSOCIATION] WELLINGTON. Thursday The Reserve Bank return for the week ended November 4 was gazetted to-night The statement is balanced at £21,402,943, or £19,212 less than at the close of the previous week. The note issue is higher by £106,110 than it was a week before. Government deposits have fallen by £119,317, while those of the trading banks are £20,083 less. Other demand liabilities have risen £15,239. Sterling exchange is £5882 less than in the previous return and subsidiary coin has decreased by exactly tho same figure. Tho investment item has increased by £5863, while other assets are £13,311 smaller. Tho statement, with variations, compared with the week before, is as follows: —

Proportion of reserve to notes, ond other demand liabilities, 99.092 per cent (99.03 last week). FOREIGN EXCHANGES STERLING SLIGHTLY WEAKER British Wireless RUGBY, Not. 6 The follovring rates on foreign exchanges are current, compared with the cabled quotations on November 5 and par:—

NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada T.T 3.04% 3.98'/, On demand .. 3.94% 3.99 Buying: On demand . . 3.99 4.03% Following are the latest rates for purchases and sales of exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice:—

The cost in New Zealand currency of the pound sterling, and of the principal' overseas units, on the latest quotations, is as follows: — _ :

CUSTOMS EXCHANGE RATES The Customs Department has declared the following rates of exchange in respect of cargoes by the vessels named: — Brisbane Marti, Japan, yen . . '^d Brisbane Maru, Hongkonf?, dollar . '24 Ad Canadian Victor, Canada. dollarß . 4.98 Canadian Victor, America, dollars 4.91 Golden State, America, dollars . . 4.92 Wairuna, America, dollars .. .. 4.5)2 Wairuna, Canada, dollars . . .. 4.Oft City of Bagdad, America, dollars , 4.90 City of Bagdad, Canada, dollars ~ 4.98 GOLD AND SILVER QUOTATIONS IN LONDON (Received November 7, 0.5 p.m.) LONDON, Nov. 6 Fine gold is quoted to-day at £7 Is 4}d an oz., compnred with £7 Is 3Jd yesterday. Silver is quoted at 29 6-16 d an oz. spot, and 28 ln-16d forward, compared with 29|d and 29Jd' yesterday. The quotation for silver ab per fine oz. is 313 d, same as yesterday. CALL AND DIVIDEND LIST Dividend*— J? ue Union Oil-final, 9d a share ~ To-day . Australian Glass—int., ord., 6 p.c.; prof., 41 p.c To-day Talisman Dubbo—6d a share To-morrow N.Z. Paper Mills—int., 8 p.c. .. Nov. 11 Mossiel Woollen—final, 4 "P. 0., bonus 2 p.c. . . . . . . Nov. 12 Abraham and Williams—final pref., 5 p.o. p.a Nov. 12 Bycroft— int., 5 p.c Nov. 13 Martha Mining—int., 6d a sharo Nov. IB Burns-Philp—int., Js a share .. Nov. 15 Maori Gully—lop.c Nov. lIS Tnttorsfiold—(sl P C. .. . . Nat. Insurance —final, fid a share Nov. 18 Mucky, Logan. (.'aidwell—int., fi p.c. p.a. • • Nov. 20 Claude Neon (NX)—final. 4 p.c. Nov. 21 Westport Coal—final, Cd a share Nov. 25 Perpetual Trustees—int.. Is a share ■ Nov. 25 Broken Hill Pty.—ls 3d a share Nov. 27 Nat. Bank A'asia—int., 5 p.c. p.a. Nov. 27 ( E/, fl. and A. Bank—final, 21 p.c. Nov. 28 i Wilsons Cement—int.. 9d a share Nov. 29 ( Bruce Woollen—pref., 5 3-6 p.c.; ord., 8 p.c Nov. C. L. Innes—pref. and ord., 8 ( p.c.; also pref. arrears .. Deo. 1 Flenry Jones—final, Is 3d a share Dec. 2 Bank N.Z.—int., ord., Is a sharo; i D mort., 3J p.c. . . Doc. 7 < North Broken Hill—2s fid a sharo ' and bonus, Is a share , . Dec. 12 ' Mt. Lyell—fid a share . . . . Deo. 1G Broken Hill South—ls fid a Bhare, and bonus, Is a share . . Deo. 19 Bulolo—int., 1 dollar 40 cents (Canadian) a Bhare . . . . Doc. 20 Placer—int., 50 cents (Canadian) a share Deo. 20 Morris Hedstrom—int., ord., 21 p.c. .. •• •• •• Deo. 31 Kauri Timber—6 p.o. .. .. Deo. '

LIABILITIES Capital . , . . £500.000 Varintion 1. Same 2. Gen. reserve . . 1,000,000 Samo 3. Bank notes . . 9.050.G72 100, not 4. Demand liabilities— (n) State .. 5.572,022 119,317* (b) Banks .. 4,475,828 20,083* (e) Other . . 702,500 15.239t 7. Other liabilities 95,805 1,101* Total .. £21,402.943 £19,212* ASSETS - 8. Reserve— (a) Gold .. £2,801,732 Same (b) Sterling ex. 1(5,825,000 5,882* 9. Subsidiary coin 212,145 5.8^2* 12. Investment . . 1,635.850 5.8Wt 11. Other assets . . 27,(510 13.311* Total .. £21,402,943 £19,212* tlTighcr. 'Lower.

Present Price Par B d B d Australia, pound .. 19 10.81 20 0.00 London, pound .. 21 10.65 20 0.00 ftiji. pound .. 22 5.0(5 20 0.00 New York, dollar .. 5 0.04 4 1.31 Montreal, dollar .. 6 0.04 4 1.31 Paris, franc .. 0 3.00 0 1.03 Brrlin. reichmark .. 2 0.40 0 11.74 Copenhagen, krone .. 1 1.33 1 1.22 Yokohama, yen .. ,. 1 5,45 2 0.58

T.T. On Demand To £ 1 N.Z. Currency Selling Buying Selling U.S.A., dol. 3.91 3.99% 3.91% Canada, dol. 3.<wy, 4.03% 3.98% Austria, sch. 20.72 — 20.74 Belgium, belga 23.098 — 23.113 Crccho-Slovakia, . 95.0!) — 95.11 Denmark, kr. 17.878 18.2-18 17.888 Franco, fr. 69.34 60.91 59.39 Gtrmany, r.m. 9.626 — 9.631 Holland, fl. 5.706 0.006 5.710 Italy, lire ., 48.04 6.682 — 48.08 Java, fl. .. 5.957 5.686 Norway, kr. 15.871 16.211 15.881 Sweden, kr. Switzerland, fr. 15.459 15.829 15.469 11.982 12.457 11.992 Noumea, fr. 68.69 61.99 58.64 Papeete, fr. 58.59 61.99 58.64 N.Z. pence to 23"/„ ilongkonfj, dol. . 23 l %, 22 s /,, India, rupee 22/ja 22%, 22/33 22 a V„ Ceylon, rupee 22% 22 2 % a Japan, yen 17% — 17 4.3-Gl Shanghai, dol. Singapore, dol. . 35 Vba 17 7 / e 34% 18 2 %a 35%a

Nov. 6 Nov. 5 Par Montreal, dol. . . 4.07% 4.97 4.866 New York, dol. . 4.9 2% 4.92% 4.866 Paris, fr. 74 1 Via 74% 124.21 Brussels, belga . 2D. 13 29.14 35.00 Geneva, fr. 15.13 15.14 25.22 Amsterdam, fl. . 7.24% 7.25 12.10 Milan, lire my. 60"/, „ 92.46 Berlin, r.m. 12.23% 12.21 20.43 Stockholm, kr. . 13.39% 19.39% 18.159 Copenhagen, kr. . 23.39% 23.39% 18.159 Oslo, kr. 19.90% 19.90% 18,159 Vienna, sch. 2G% 20% 34.585 Prague, kr. 118 Hfi/8 164.25 Helsingfors, mark 2°7 227 129.23 Madrid, pes. 36%. 36%, 25.221 Lisbon, escu. . . i in 3 /. 110% 110 Athens, dr. _ . . 5ir>° 516* 375.00 Bucharest, lei. . r>25* 625* "813.6 Rio de Janeiro, mil. 4'/id* 4%d* 6.899d Buenos Aires, dol. 35d* 35d* 47.619d Montevideo, dol. 39%d* 39%d* 51d Bombay, rupee . IR'/.d 18%d 18d Shanghai, dol. 14?', e d 14 9 /,„d — Hongkong, dol. . 18%ad 18%d . — Yokohama, yen . 14% 2 d 14% a d 24.58d Batavia, fl. Belgrade, din. . . 7.21% 7.21 % 12.10 215 215 276.31 Sellers.