RESERVE BANK
FURTHER STERLING DECLINE P.A WELLINGTON, Aug. 4. The Reserve Bank of New Zealand has issued the following statement of assets and liabilities at the close of business on July 28:—
Liabilities July 21. July 28. £ £ Reserve Fund .. 1,500,000 1,500,000 Bank notes 48,103,687 47,953,025 Demand liabilities— State 10,675,746 10,851,914 Bank 64,244,688 63,716,135 Other 366,606 626,194 Liabilities in other than New Zealand currencies 16,435 23,550 Other liabilities .. 3,344,807 3,341,878 £128,251,969 £128,012,696 Assets Gold .. ... 2,802,147 2,802.147 Sterling exchange (New Zealand currency) 79,839,961 77,287,576 Subsidiary coin 106,933 105,867 Advances to State or State undertakings— Marketing organisations 1,217,731 610,704 For other purposes 31,022,883 31,000,000 Other .. .. 3,386,893 3,428,136 Investments 8,872,493 11,731,798 Other assets 1,002,928 1,046,468 £128,251,969 £128,012,696 The proportion of reserves to notes and other demand liabilities was 65.02 per cent (66.96 per cent.). '
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Bibliographic details
Otago Daily Times, Issue 26842, 5 August 1948, Page 7
Word Count
130RESERVE BANK Otago Daily Times, Issue 26842, 5 August 1948, Page 7
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