THE BANK RETURNS.

Otago Witness, Issue 1461, 15 November 1879, Page 19

THE BANK RETURNS.

i The following are the. chief . ifcems^in tb Bank returns for September quarter, corrected lay the Gazette and tabulated co asjto comparewith those of the June quarter :— ** ; <}| Sept. ■ • J ( xxr,& Quarter.. Quarter. 5 ..„, , c « , Jfc^i^^g? Deposits at Interest- ...4,197,380 4,536,955 Do at call 2,849,096 3,015,047 Do Government 374,150 352,74$ Total deposits-/* v£7,420,626v £7,420,626 £7,904,745 ■£ . £i. Note circulation " ... 881,953 1,007*929; 1 , /;, '\' £ r ,; :£'/' Coin and 'bullion in. :'/.. >'. ?r? r ■ Mhand;- 1,92,0,90.3 1,7,69,,369 £ "--< ■'£"•*' Discounts 5,761,130 6,870,142 Advances ' 7,000,575 7.119,939 -Total advances •"" '£12}76i,7G5;£Ttf'390,081 Asfets' 15,607,7*11 .-16^82,477 .Liabilities:.': 8,387,439 : 8«9745157 Excess of assete over , ' liabilities * ... . £7,220,272 £7,205,280 It will be observed that there has been a diminution of nearly half, a miJKtm in the deposits, and of over L 700.000 in tha a-lvaacesi. The position of the banks is Btropgeivfbwvliiile th»re has bean a rather, remorkable diminution, in* the note circulation of- L 120,000, there "has been an increase in tbe coin aiid.bullion held* of L 160.000. The general aspect cf tho reti.rns.ie, as might have been expected, one of retrruchsEent. Since tho March quarter the liabilities of the banks have decreased by nearly two. millions sterling, 'and- ebe assets by about Ll>4ou,Coo. ■ If we are to judge by theßahkof New Zealand, the diminished business by no moans necessarily indicates diminished profits.