BANKING RETURNS
FIRST QUARTER OF THE YEAR
WELLINGTON, April 7. The banking returns for the first quarter of the year, compared with those of March, 1931, reveal the following changes:— Government deposits decreased by £1,017,352. Free deposits decreased by £1,331,031. Fixed deposits increased by £1.544,203. Advances decreased by £3,744.759. Note circulation increased by £72,764. Coin and bullion decreased by £356,671. The position of the three classes of deposits compares as follows, the figures for March, 1931, being given first:— Deposits. £ £ Government .. .. 2,889,126 1,871,774 Free 18,329,853 16,998,822 Fixed 32,922,086 34,466,289 Free deposits have fallen during the year from £18,329,853 to slightly under £17,000,000—a decrease of £1,331,000, and well over £8,700,000 less than for the March quarter. As compared with the quarter ended December 31, 1931, free deposits have increased by £853,384, while fixed deposits have declined by £169,306 from the record figure of £34,635,595 at which they stood three months ago. Advances and discounts together total £50,232,337, discounts total £712,706, and coin an ( ] bullion amount to £6,598,701.
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https://paperspast.natlib.govt.nz/newspapers/OW19320412.2.22
Bibliographic details
Otago Witness, Issue 4074, 12 April 1932, Page 8
Word Count
166BANKING RETURNS Otago Witness, Issue 4074, 12 April 1932, Page 8
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