COMMERCIAL.

Sun (Christchurch), Volume VI, Issue 1785, 3 November 1919, Page 9

COMMERCIAL.

BANK OF ENGLAND RETURNS. By Cable. — Press Association. — Copyright. (A. & N.Z.) LONDON, Oct. 30. The Bank of England returns for the week ended Wednesday, October 29 are as follow : ISSUE DEPARTMENT. C £ Notes in cir- Government culation 81,155,000 debt .. 11,015,000 Notes in re- Other secuserve .. 20,287,000 riiics .. 7,435,000 Gold coin & bullion 80,292,000 £lO-1,712,000 £104,712,000 BANKING DEPARTMENT. , £ £ Proprietors' Govt, secucapital . 14,553,000 rities .. 53,908,000 Public de- Other secuposits .. 22,753,000 rities (adOther de- vanccs) 80,715,000 posits .. 116,182,000 Notes in rcRest 7-day serve .. 20,287,000 and other Coin .. 1,771,000 bills .. 3,191.000 £150,081,000' £150,081,000 COMPARISON WITH LAST YEAR. Oct. 29, Oct. 30, 1919. 1918. £ £ Coin and bullion .. 80,292,000 73,948,000 Reserves .. .." .. 22,058,000 28,195,000 Notes in circulation .. 84,455,000 04.203,000 ! Government deposits 22,753,000 29,034,000 Other deposits .. ..110,182,000 133,978,000 Government securities 53,908.000 57,751,000 Discounts & advances 80,715,000 95,385,000 Proportion of reserve ' to liabilities per cent. 15.88 17.25 OPEN MARKET RATES. The open market discount rate for three months' bills is 4jj per cent. Short loans are quoted at 35 per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities, compared with the prices ruling last week:— Last This Week. Week. Imperial Consols, 21 p.e. .. 52 511 War Loan, 5 p.c 95 i 925» War Loan, 3} p.c 87 87 Commonwealth, 5* p.c 98$ 99 Commonwealth, 5j p.c 100J 100$ New Zealand, 4 p.c, 1929 .. 85} 85$ New Zealand 3* p.c, 1940 .. 72 71$ New Zealand 3"p.c, 1945 .. 62J 615 N.S.W., 4 p.c, 1938 82J 83 N.S.W., 3i p.c, 1950 09$ 69* N.S.W., 3 p.c, 1935 69 69J Victoria, 4 p.c, 1929 99 99 Victoria, 3} p.c, 1921-25 ..87 87 Victoria, 3} p.c, 1929-40 .. .. 62 62 Victoria 3 p.c, 1929-40 .. .. 67$ 67$ Queensland, 4 p.c, 1925-29 ..92 911 Queensland, 3* p.c, 1930 .... 89 89 Queensland, 3 p.c, 1922-47 .. 01} 60J South Australia, 3) p.c, 1930 72 72 South Australia, 3} p.c. .... 59 58$ W. Australia, 3* p.c, 1915-40 .. 75 75 W. Australia, 3 p.c, 1915-40 .. 60$ 60} Tasmania, 3*. p.c, 1920-40 .. 71$ 71J Tasmania, 3 p.c, 1920-40 .... 70 70 •Ex dividend. AMALGAMATED WIRELESS (AUSTRALASIA), LTD. Following the recent decision of the shareholders of Amalgamated Wireless (Australasia), Ltd., to increase the capital of the company by £OO,OOO to a total of £200,000, the directors have now decided to issue immediately 20,000 new £1 shares at par. •These'are now being offered to shareholders in the proportion of one new share for every seven shares held. Marconi's Wireless Telegraph, Co., Ltd., of London, Who are large shareholders, have already Notified their intention of taking up their proportion of the new capital offering. A very successful clearing sale was conducted by the National Mortgage and Agency Co., of New Zealand, Ltd., at Fernside on Friday last, on account of Mr Donald Mcintosh, who is leaving the district. Ewes and lambs, all counted, averaged 27/3, hoggets 37/6, dry ewes 48/-. A cow brought £2l, draught mares £43 10/- to £l7 10/-, draught geldings £32 10/- to £49.