RESERVE BANK RETURN

New Zealand Herald, Volume LXXIV, Issue 22818, 27 August 1937, Page 7

RESERVE BANK RETURN

FALL IN STATE DEPOSITS

BANKS' HOLDINGS RISE EXCHANGE £232,000 HIGHER [nv TELEGRAPH —'PRESS ASSOCIATION] WELLINGTON, Thurs-luy , The Reserve Bank return for the week ended Monday, August" 23, was gazetted to-night. The statement is balanced at £31,522,954, or £301,766 more than at the close of the previous week. Government deposits continue the downward tendency of the past few weeks, being £268,597 lower than in the last preceding return. The holdings of tho trading banks, on the other hand, are £753,426 higher. Other demand liabilities have fallen £269,897, while tho note issue is £146,373 higher. The sterling exchange reserve is £232,091 higher in value than it was a week before. Advances to the Dairy Industry Account • have increased £126,598, while other assets arc £6114 higher. The statement with variations compared with the week before is as follows: — LIABILITIES £ Variation 1, ficn. reserve . 1,500,000 Sanio 2 Bunk notes . . 12,770,041 +l-10,573 3. Demand liabilities—(a) Slate . . 6,200,133 -208,807 (b) Banks .. 10,302,215 +753,420 (c) Other .. 581,201 -200,807 0. Other liabilities 03,734 +707 Total . .. 31,522,051 +301,700 ASSETS 7. Reserve— £ £ (a) Cold .. 2,50 1,701 Same (b) Sterling Ex. 20,031,001 +232,001 8. Subsidiary coin 105,313 -3,337 10. Advances—1. Dairy Industry Account 4,701,415 +120,508 2. For Other Purposes . 300,000 Samo 11. Investment .. 2,000,450 Same 13. Other assets . 73,054 +0,414 Total . ..31,522,054 +301,700 Proportion of rcscrvo to notes and other demand liabilities, 78.297 per cent (78.468 last week). SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON, August 25 Discount and short loan rates on tho London market are the same as those for last week, as follows: Aug. 18 Aug. 25 p.C. p.C. Day-to-day loans . . .. % /i Fine trade hills (3 mos.) 2to 2Va 2to 2% Bank bills (3 months) .. Bunk bills (0 months) ~ % */$ Treasury bills (2 mos.) /* V* Treasury bills (3 mos.) .. %n %a

NEW COMPANIES , AUCKLAND REGISTRATIONS The following private companies havo been registered in Auckland: — Northern Fisheries, Limited, fish, oyster and poultry merchants.—Capital, i'TfiO in .C 1 shares. Subscribers: .T. F. W. Dickson, 719 shares; A. F. Clarkson. 1 share.. , , Everett, Limited, indent and commission Agents.—Capital, £."00 in l'l shares. Subscribers: E. A. Everett, '10!) shares; 11. Bennett. 1 share.

Natural Milkers, Limited, electricians, _ engineers. milking plant improvers.—Capital, i'jooo in JJI shares. Subscribers: *l'. W. Wobertson, 7fiO shares; J. W. M. S'ngleton, G. H. Smith. J. Herman, S. Smith, E. I?. Bccroft, 200 each; A. Abler, 100; H. M. Neal, H, N. Beckett, E. M, Baton, fiO shares each. Truck Service. Limited, carriers of passengers and goods.—Capital, i'TfiO in i'l shares. Subscribers: N. Allright, F. Coo, J. Beaver, 2fi() slinres each. Apollonite Granite. Limited, manufacturers and dealers in Apollonite granite texture.— Capital, £I2OO in CI shares. Subscribers: L. Bater S. B. Atkinson, J. F. W. Dickson, 100 snares each.

MINING SHARES IN LONDON LONDON, August 25 Oh the mining market to-day Mount Lyells sold at 34s 9d; New Guinea Gold at Is Del; and Bulolo at £4 17s 6d. PROPERTY AUCTIONS Samuel Vailo and Sons, Limited, will offer at auction at its rooms, 83 Queen Street, at 2 p.m. to-day, a residential property in Farrish Eoad, Sandringham.