RESERVE BANK RETURN

New Zealand Herald, Volume LXXIII, Issue 22390, 9 April 1936, Page 7

RESERVE BANK RETURN

NOTE ISSUE HIGHER FALL IN STATE DEPOSITS LOWER TOTAL OF EXCHANGE [BY TELEGRAPH PRESS .ASSOCIATION] WELLINGTON!, 'Wednesday Tho Reserve Bank return for the week ended Monday, April 6, was gazetted to-night. Tho statement is balanced at £29,.343,601, otr £.'357,110 less than at the close of the previous week. Tho rising tendency the note issue has recently shown continues, there having been a further increase of £116,036 last week. Tho deposits of the trading banks are £132,186 higher, but thoso of tho Government have fallen by £510,649. The two remaining classes of liabilities are also lower, by £41,074 and £53,609 respectively. The sterling exchange reserve is lower by £330,004 than it was a week previously. Tho level of investments is £24,354 lower, tho two remaining items on tho assets side being slightly less also.

Tho statement, with variations compared with the week before, is as follows: LIABILITIES Variation 1. Capital . . . . £500,000 Same 2. General reserve 1,000,000 Same 3. Bank notes .. 10,269,165 +116,036 4. Demand liabilities—(a) State .. 8,278,256 - 610,649 (b> Banks .. 9,123,877 +132,186 (c) Other . . 80,985 -41,074 7. Other liabilities 91,318 - 53,60!) Total .. .. £29,343,601 -£357,110 ASSETS 8. Reserve*— (a) Gold .. £2,801,733 Same (b) Sterling Ex. 24,500,177 -330.001 9. Subsidiary coin . 201,056 -1,076 12. Investment .. 1,804,460 -24,354 14. Other assets .. 36,145 -1,676 Total .. .. £29,343,601 -£35r,110 Proportion of reserve to notes and other demand liabilities, 98.377 per cent (98.489 last week). STOCK EXCHANGE HOLIDAY TEN DAYS FOR EASTER Stock exchanges in New Zealand will close to-day for the Easter vacation. Only one call will he held on the Auckland Exchange—at 10 o'clock this morning. Business will resume on Monday morning, April 20. The Sydney Stock Exchange closed yesterday and will reopen on the morning of Thursday, April 16. GOLD AND SILVER QUOTATIONS IN LONDON

(Received . April 8, 7.35 p.m.) LONDON. April 7 Fine gold is quoted to-day at £7 Os B£d an ounce, compared with £7 Os 7Jd yesterday. Silver is quoted at 19 15-l6d an ounce spot and forward, compared with 19|d both positions yesterday. The quotation for silver at per fine ounce is 21$ d, compared with 21 7-16 d yesterday. FOREIGN EXCHANGES STERLING RATHER WEAKER British Wireless RUGBY, April 7 The following rates on foreign exchanges are current, compared with the cabled quotations on April 6 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 Cannda On demand .. 3.97% 3.99 T.T 8.90% 3.98% Buying: On demand .. 4.01% 4.03% Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are Bubject to alteration without notice: —

T.T. On Demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. . . 3.96% 4.01% 3,97 Cannda, dol. . . 3.98% 4.03% 3.98% Austria, seh. .. 20.82 Belgium, bclga . . 23.345 Czechoslovakia, cr. 95.13 Denmark, kr. 17.893 18.263 17.903 France, fr. .. 59.93 61.21 59.97 Germany, r.m. .. 9.805 Holland, fl. .. 5.796 6.006 6.800 Java, fl 5.761 5.981 5.765 Norway, kr. .. 15.892 16.242 15.902 Sweden, kr. .. 15.489 1 5.844 15.499 v Switzerland, fr. .. 12.095 12.470 12.100 Noumea, fr. . . 58.56 63.01 58.62 Papeete, fr. . . 58.71 63.01 58.77 N.Z. pence to— Hongkong, dol. . . 20 25-64 18 51-64 20 23-64 India, rupee . . 22 s % 3 22Y„ 22 57-64 Ceylon, rupee .. 22 a % 3 22% a 22 57-64 Japan, yen . . 17 39-64 17 I % a Shanghai, dol. .. 18 41-64 17 5-64 18% Singapore, dol. .. 35 31-64 34 15-64 The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par sd s d Australia, 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 . . 5 0.30 4 1.31 Montreal, dollar . . 5 0.01 4 1.31 Paris, franc . . 0 3.98 0 1.98 Berlin, reichm.uk . . 2 0.11 0 11.74 | Copenhagen, krone . . 1 1.33 1 1.22 , Yokohama, yen . . i 5.45 2 0.58 i CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned. Finally declared rates are marked*: — Canadian Victor, Canada, dollnrs *4.99 Canadian Victor, America, dollars *4.99 Sydney Maru. Japan, yen . . *l4d City of Canberra, Canada, dollars *4.98 City of Canberra, America, dollars *4.90 Canadian Highlander. Canada, dol. *4.98 Limerick, America, dollars . . . . 4.95 Aorangi, Canada, dollars . . . . *4-97 Aorangi, America, dollars .. *4.97 Mariposa, Americu, dollars . . 4.95%| WHOLESALE EGG PRICES Wholesale prices for eggs are unchanged as follows: —Hen, first grade,, 2s 3£d a dozen; B grade, Is ll§d; Ci grade, Is 7id; duck, 2s 2id; 2s lid and! Is 7id.

April 7 April 6 Par Montreal, dol. . . 4.97 % 4.97% 4.866 New York, dol. . 4.94 l %« 4.95% 4.86G Paris, fr. 75 75%. 124.21 Brussels, belga . 29.21 29.25 35.00 Geneva, fr. 15.17% 15.19% 25.22 Amsterdam, fl. . 7.27% 7.28% 12.10 Milan, lire 62"/,, 62"/, e 92.46 Berlin, r.m. 12.38 12.38 20.43 Stockholm, kr. . 19.397, 19.39% 18.159 Copenhagen, kr. . 23.37% 23.37% 18.159 Oslo, kr. 19.907 a 19.90% 18.159 Vienna, sch. 26V, 26% 34.585 Prague, kr. 119%. 119% 164.25 Helsingfors, mark 227 227 193.C3 Madrid, pes. 36 11-64 36 15-64 25.221 Lisbon, e*cu 10?% 108% 110 Athens, dr. 521* 621* 375.00 Bucharest, _ lei. . 672* 671* 813.6 Rio de Janeiro, mil. 4%d 4%d 5.699d Buenos Aires, dol. 35d 35d 47.619d Montevideo, dol. 39%d* 39%,d* 51d Bombay, rupee . 18%d 18%d 18d Shanghai, dol. . 14%d 14%d Hongkong, dol. . 15»/„d 15"/, .d Yokohama, yen . 14% a d 14 l-64d 24.58d Batavia, fl. 7.24% 7.25% 12.10 Belgrade, din, .. 210 •Sellers. 218 276.31