RESERVE BANK RETURN
RISE IN STERLING GAIN OF £274,166 SHOWN (Per Tress Association.) WELLINGTON, this day. The Reserve Bank return for the week ended Mouday, April 17, was gazetted last night. The balancing total of the statement at £31,160,962 is £213,709 more than at the end of the previous week. The feature is a rise of £274,166 in sterling exchange reserve to £4,872,813, Government and trading bank deposits have increased moderately, and other liabilities have risen slightly, but the note issue is lower by £16,844. The ratio has shown a substantial improvement, moving up to 215.305 per cent from 25.501 per cent a week ago. Advances to the Primary Produce Marketing Department have fallen by £217,424 on the previous week's figure, while those for other purposes have risen again by £IOO,OOO. The principal items in this week's return are compared 'with those at the corresponding date last year in the following table:— (000's omitted)
1939 1938 Variance £ £ £ Notes 15.441 14,027 -[-1,414 Deposits— State 3,702 5,750 —2,048 Banks . . 9,456 5.490 +3,966 Exchange . 4,873 17,472 —12,599 Advances — Marketing 7,278 4,233 +3,040 Other .. 12,075 — + 12,075 Ratio (n.c.) 2G.305 79.631 —53.326
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19390422.2.87
Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19919, 22 April 1939, Page 7
Word Count
187RESERVE BANK RETURN Poverty Bay Herald, Volume LXVI, Issue 19919, 22 April 1939, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in