RESERVE BANK
STERLING FUNDS AT HIGHER LEVEL (P.A.) ' WELLINGTON. May 8. The following is 'a statement of the assets and liabilities of the Reserve Bank of New Zealand at the close of .business on May 4 (the figures for the ' previous week being given tin parentheses) Liabilities—General Reserve; Fund. £1.500,000 (£1,500,000); bank ' notes, £24,288,987 (£24.199.022); demand liabilities—(a) State £ 11,579;335'., (b) banks £21,228,153 (£18,831,87(1), (c) other £280,761 (£282,359); liabilities in currencies other than New .Zealand currency.. £18,794 (£393,925); other liabilities, £1,414.257 (£1,379,454); total. £60.306.291 (£58,834,043). . Assets. —Reserves—(a) gold £2,801,877 (£2.801,877), '(b) sterling exchange £21,833,685 (£20,032,458); subsidiary coin. £53,907 (£59,470); advances—to the State or State undertakings ’(1) Marketing Department £8.465,775 (£8,871,071)I (2) for other purposes £22.200,000 (£22,100)000); investments, £4,146,228 (£4,146,228); other assets. £804,816 (£822,937); total, £60,306,291 (£58,834,043). ' Proportion of reserves to notes and other demand liabilities, 42.906 ;per cent. (40.339 per cent.). Sterling exchange is expressed in New Zealand currency.
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https://paperspast.natlib.govt.nz/newspapers/ODT19420509.2.115
Bibliographic details
Otago Daily Times, Issue 24911, 9 May 1942, Page 6
Word Count
148RESERVE BANK Otago Daily Times, Issue 24911, 9 May 1942, Page 6
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