RESERVE BANK
Sterling Funds Increase PA WELLINGTON, May 10. The Reserve Bank of New Zealand has issued the following statement of assets and liabilities at the close of business on May 3:— Liabilities April 26 Mav 3. £ £ Reserve fund .. 1,500,000 1,500,000 Bank notes .. 54,512,585 54,224,705 Demand liabilities — State .. .. 16.244,526 17,117,700 Bank .. .. 76,991,363 77,500,922 Other .. .. 873,480 899,730 Liabilities in other than New Zealand currency 26,522 26,530 Other liabilities 5,147,501 5.143,565 £155,295,977 £156,413,157 Assets Gold 4.111,919 4.122,325 Sterling exchange 51.955,051 54,520.592 Subsidiary coin 126,075 135,501 Advances— State or State undertakings: Marketing organisations 8,033,558 6,361,567 For ether purposes . . 53,000.000 53,000.000 Other advances 5,213.047 5,274,954 Investments .. 31,658,142 31,658.142 Other assets .. 1,198,185 1,340,076 £155,295.977 £156.413,157 The proportion of reserves to notes and demand liabilities was 39.144 per cent. (37.706).
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Bibliographic details
Otago Daily Times, Issue 27386, 11 May 1950, Page 9
Word Count
124RESERVE BANK Otago Daily Times, Issue 27386, 11 May 1950, Page 9
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