RESERVE BANK RETURN

New Zealand Herald, Volume LXXIII, Issue 22402, 24 April 1936, Page 11

RESERVE BANK RETURN

STATE. DEPOSITS HIGHER FALL IN BANKS' HOLDINGS INCREASE IN EXCHANGE [BY TELEGRAI7H —PRESS ASSOCIATION*] ' WELLINGTON, Thursday The Reserve Bank return for the week ended April 20 was gazetted tonight. The statement is balanced at £28,893,543 or £121,046 more than at the close of the previous week. A'fall of £49,547 in the level of the note issue indicates that the extra demand during the Easter holiday season has now ended. Government deposits have increased by £267,342, while those of the trading banks have fallen by £84,547. Other demand liabilities are down by £14,921. Every item of the assets except gold has increased, but the only movement of any size is a rise of £99,851 in the value of the sterling exchange held. The statement with variations compared with the week before is as follows: — LIABILITIES Variation 1. Gen. reserve .. £1,500,000 Same 2. Bank notes . . 10,292,985 —£49,547 3. Demand liabilities—(a) State .. 8.188.123 +267.342 (b) Banks .. 8,742.030 - 84,547 (e) Other .. 72.167 -14,921 6. Other liabilities 98.237 +2,969 Total .. . . £28,593,543 +£121.046 ASSETS 7. Besorve—(a) Gold , .. £2.801.733 Same (b) Sterling Ex. 24,039.177 +£99,851 8. Subsidiary coin 200,273 +144 11. Investment . . 1,811,516 +2,468 13. Other assets .. 40,844 +18,583 Total .. >.£28,893,543 +£121,046 Proportion of reserve to notes and other demand liabilities, 98.335 per cent (98.395 last week). PRICES OF<* METALS TIN EASIER AGAIN Mtecoived April 23 7.85 p.m.) LONDON, April 22 Following are to-day's quotations on the London metal market, compared with those of April 21: —

TIN COMMITTEE NEW QUOTAS NOT FIXED THE HAGUE, April 22 Tho International Tin Committee did not fix tho production quotas for tlio third quarter of 1936, but will meet again in London on May 26. DAIRY PRODUCTION NORTHERN WAIROA OUTPUT [BY TELEGRArH —OWN CORRESPONDENT] DARGAVILLE, Thursday The amount of butter manufactured by tho Northern Wairoa Co-operative Dairy Company, Limited, in March was 327 tons, as against 354 tons in tho corresponding month Inst year. Tho production for the season to March 31 is 2812 tons, a decrease of 310 tons as compared with tho similar period last season. Tho amount distributed for March was £22,330 15s 9d. A comparison of amounts distributed- to March 31 as against the similar period of last season shows an increase for this year of £32,633 12s 3d.

April 22 April 21 Per ton Per ton £ a d £ s d Copper, stnn., spot .. 37 3 li 37 1 10$ Copper, elan., 3 mos. 37 8 1* 37 8 li Copper, electrolytio .. 41 5 0 41 5 0 to to Copper, elect., wire bars 41 15 0 41 15 0 41 15 0 41 15 0 Lead, soft, spot 16 0 0 15 18 9 Lend, soft, forward . . 16 1 3 If. 0 0 Spelter, spot 15 2 6 15 1 3 Spelter, forward 15 8 9 15 1 3 Tin, stnn., spot 200 12 6 207 2 (5 Tin, slan., & mog. . . 102 17 C 202 17 G