RESERVE BANK

Otago Daily Times, Issue 26693, 12 February 1948, Page 9

RESERVE BANK

STERLING FUNDS HIGHER P.A. WELLINGTON, Feb. 11. The Reserve Bank of New Zealand has issued the following statement of assets and liabilities at the close of business on February 4: — Liabilities

Out of 491 Second World-War amputees, 461 have to date been fitted with artificial limbs, and only 30 remain to be fitted. • Duplicate limbs have been issued to 285 of the amputees. The limb-fitting factory operated by the Disabled • Servicemen’s Re-establish-ment League on behalf of the Rehabilitation Board has so far manufactured or repaired 1201 limbs for amputees Of these 144 were for civilians and 188 for veterans of the First World War.

Jan. 28 . Feb. 4. £ £ Reserve Fund .. 1,500,000 1,500,000 Bank Notes 49,345,867 48,840,861 Demand liabilitiesState .. .. 12,564,697 13,783,981 Bank .. .. 54,444,778 53,064,979 Other .. Liabilities in other 922,422 401.051 than New Zealand currency . 6,225 157,870 Other liabilities 3,479,446 3,492,100 £122,263,435 ■ £121,246,842 Assets Gold Sterling exchange 2,801,878 2,801,878 (New Zealand currency) 66,132,613 67,343,021 Subsidiary coin Advances to State 124,006 124,352 or State undertakings Marketing or2,677,324 ganisations .. For other pur4,902,375 39,000,000 poses .. . . 39,000,000 Other .. .. 571,906 698,856 Investments 7,868,093 7,868,093 Other assets 862,564 733,328 £122,263,435 £121,246,842 The proportion of reserves to notes and other demand liabilities was 60.283 per cent. (58.773).