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Poverty Bay Herald, Volume LV, Issue 17453, 30 December 1930, Page 12

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BANK OF ENGLAND RETURNS (Elec. Tel. Copyright —United Press Assn.) (Received Dec. 30, 10 a.m.) LONDON, Dec. 27/ BJnk of England returns’ are as follows : ISSUE DEPARTMENT £ Notes in circulation 379,676,869 In banking department 28,524,558 Total ... ... 408,201,427 Government debt 11,015', 1 00 Other Government securities 233,039,120 Other securities ..." ... 11,577, 312 Silver coin 4,469,468 Total fiduciary issue ... 260,000,000 Gold coin and bullion ... 148,201,427 Grand total 408,201,427 BANKING DEPARTMENT Proprietors’ capital 14,553,000 Rest 3,349,443 Public deposits '.. . 10,284,679 Other deposits, bankers’ ... 56,217,226 Other accounts 33,688,383 Seven day and other bills , 1,433 Total ... 118,094,164 Government securities ... 51,736,247 Discounts, advances .... ... 14,199,048 Other securities ... ... 23,014,306 Notes 28,524,558 Gold and silver coin 620,005 Total 118,094,164 Proportion of reserve to liabilities 29 per cent. Short loans, 1£ per cent. Three months’ bills, 2 5-16 per cent. . NATIONAL BANK OF N.Z. The general manager of the National Bank of New Zealand, Ltd., announces payment on January 3 of the interim dividend for the half-year ended September 30 last at the rate of 12 per cent, per annum free of tax. This is Hie same as for the corresponding period of last year. This' hank shows its capital and reserves ns under: Subscribed capital, £6,000,000; paid-up capital, £2,000,000; reserve fund (invested in Government securities) £2 003.000; reserve liability of. shareholders, £6,000,000; total £10,000,000. in addition there are undivided profits carried forward of £174,171. In the last balance-sheet its liquid assets stood at £6,261,000, which are equivalent to 42 per cent., or 8s 5d in the pound of total liabilities to the public and for every £1 of its own funds the bank is bolding only £3 11s 6d of the publics money, which is an exceptionally strong position. The registration of the following Gisborne company is reportod in the Mercantile Gazette: Gisborne, Quarrying Co., LtcL; private company. Gisborne. Capital, £ISOO, into loti shares of £1 each. Objects: Quarrying, mining, etc. ,