BANKING RETURNS.
The following are the bank returns for the past three quarters, ending 30th June last: — June March Dec. quarter. quarter. quarter. Deposits— £ £ £ Government ... 691,853 717,969 710,-181 At interest ... 6,686,180 6,457,314 0,3(10,882 At call ... 3,450,771 3,-127,020 3,270,908 £10,825,50 i £10,602,933 £10,372,331 Advances— Discounts ... 4,470,305 4,452,261 4,593,406 Otlier advances 11,383,518 11,433,451 11,121,244 £15,864,823 £15,835,712 £16,014,650 Government securities ... 19,073 Nil. Nil. Notes in circulation ... 954.463 975,2515 975,927 Coin aud bullion held ... 2,069,533 2,161,960 2,179,113 Assets ... 18,965,870 10.057,697 19,170,324 Liabilities ... 11,891.754 11,659,424 11,437,186
tcess of assets
overliabilities... £7,074,124 £7.393,273 £7,733,138 The above return is much more favourable
than that last published for tho December quarter. The deposits show an increase in six mouths of £450,47i1, and iv the previous quarter tbey showed an increase of -£320,984. On the other hand, the advances, which had progressively increased in nine months by no less than £1,130,000, have now decreased in six months by .£149,827 —not perhaps alargeamount, but showing a turn for the better. The note circulation is rather better, aud thero are no large advances on Government securities. The net result as shown by the differences between assets aud liabilities in the December and June quarters respectively is that the banks are stronger by £659,014 than they were, so that the recent advance iv interest forced ou us by the action of the Australian banks is not justified by our own returns. It will have the effect, no doubt, of further strengthening tho deposits, but only by withdrawing money from other classes of investments. The recent riso in wool, if maintained, should also have tho effect of relieving the advance accounts to some extent by the end ofthe year, by increasing the value of the exports to be drawn agaiust.
Scott's Emulsion- of Pubis Cod Liviiii On,, with HYPOMiosPiUTiiS, in incipient consumption seems to possess remedial powers of great efficacy. It heals the irritation of the throat and lungs, makes puro blood, and builds up and fortifies the system agaiust further inroads of disease,
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Bibliographic details
Otago Daily Times, Issue 7647, 21 August 1886, Page 2
Word Count
331BANKING RETURNS. Otago Daily Times, Issue 7647, 21 August 1886, Page 2
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