RESERVE BANK RETURN
HEAVY STATE DEPOSITS REDUCED BANK HOLDINGS NEW FORM OF ADVANCES [BY TELEGRAPH—PRESS ASSOCIATION] WELLINGTON, Thursday The Reserve Bank return, for the week ended Monday, March 8, was gazetted to-night. The statement is balanced at £31,363,881, or £132,777 less than at the closo of tho previous week. Tho two principal movements on tho liabilities sido practically cancel one another out. An increase of £2,414,895 in tho level of State deposits is more than balanced by a fall of £2,806,456 in the deposits of tho trading banks. Expiry of the final dato for tho payment of income tax without penalty has probably contributed to both moves. The note issue, after a steady decrease since the Christmas period peak, has risen by £305,410, tho approach of the Easter holidays perhaps inspiring an early demand for cash currency. Tho sterling exchange reserve is £215,942 higher in value than it was a week before. Advances to tho Dairy Industry Account aro £429,031 lower. A new item appears in the shape of advances to tho value of £IOO,OOO, other than to the State or to State departments. Other assets aro £20,496 greater in value. The statement with variations compared with tho- week before is as follows: LIABILITIES Variation & 1. Gen. reserve .. 1,500,000 Same 2. Bank notes .. 13,025,220 +305,410 3. Demand liabilitiesfa) State . . 9,200.308 +2,414,895 (b) Banks .. 7,328,705 -2,800,450 (c) Other .. 150,051 - 47 - 8 0. Other liabilities 143,311 +1,248 Total . .. 31,303,081 -132,777 ASSETS 7. Reserve — £ _ £ (a) Gold .. 2,801,791 Same (b) Sterling Ex. 17,074,119 +215,942 8. Subsidiary coin 157,371 +SO7 10. Advances — 0,285.381. -420,031 2. For Other „ _ _ Purposes .. 1,800,000 Same 3. Othor .. 100,000 +IOO,OOO 11. Investment .. 2,453,050 13. Othor assets . 01,909 +>0,406
Total . .. 31,3(53,681 . -132,777 Proportion of reserve to notes and other demand liabilities, 68.895 per cent (67.862 last weok). SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON, March 10 Discount and short loan rates on the London market, compared with thoso for last week, are as follows: Mar. 3 Mar. 10 p.c. p.c. * Dny-to-dny lonns . .. */■*■ V* .. Finn trade bills (3 mos.) 2102 l / a 21,0 2/ a Bank bills (3 months) .. Bank bills (« months) .. "/» Treasury bills (2 months) A /a Treasury bills (3 months) A Aa UNOFFICIAL SHARE LIST Quotations on the unofficial list of the Auckland Stock Exchange are:—
Buyers Sellers £ a. d £ 8 d Aust. Alloys Steel 0 o 0 (old issue) 1 1 1 British Noon .. Hellaby's (8 p.c. pf.) Metiers (N.Z.) .. — 6 0 10 6 1 1 0 12 0 National Tobacco — 2 18 0 National Trading . N.Z. Express (Akld.) 0 14 0 (ex div.) 0 18 0 1 3 0 N.Z. Invest. Trust (£10 deb.) 10 10 0 N.Z. Perpet. Forest _ 2 14 0 Nikau Bacon — 2 13 0 Ditto (pref.) .. Northern Co-op. In. 1 18 0 Trust (5s paid.) 0 5 0 0 fi 0 Raynoon (5s paid.) Rialto Theatre .. — 0 8 0 — 0 0 6 Rotary Multicolour Siffn — 2 0 0 Selfridgres (Anst.), (old issue) Ditto (now issue) 1 18 1 10 ft 1 17 e 1 18 0 Ditto (N.Z.) (4s pd.) — 0 4 0 Silknit 2 17 0 3 0 0 Wool worths (Syd., ord.) 8 0 0 8 4 0 Ditto (West. Aust.) 7 0 0 7 7 0 Coromandel Gold . 0 1 a 0 1 11 Grey llivor ('2a Gd pd.) — 0 4 a
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22675, 12 March 1937, Page 7
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551RESERVE BANK RETURN New Zealand Herald, Volume LXXIV, Issue 22675, 12 March 1937, Page 7
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