RESERVE BANK

Timaru Herald, Volume CLVI, Issue 23013, 3 October 1944, Page 4

RESERVE BANK

Assets And Liabilities (N.Z.P.A.) WELLINGTON, Oct. 2. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, September 25: Liabilities

September Weather.— Only 1.61 inches of rain was recorded in Timaru last month as against 5.01 inches in September last year. In September, 1920, there was a record fall of 6.4 inches. The -warmest day last month was 70.6 degrees on the 27th and the coldest 18.8 degrees on the 13th. Tbe>-“ were nine wet days, the heaviest fall .79 inch being on the 10th. The total sunshine the month was 144.7 hours.

£ S. d. General fund .. 1.500,000 0 0 Bank notes 37,735,766 0 0 Demand liabilities— State 11,974,031 3 7 Banks 33,980,519 15 3 Other 2,251,475 18 9 Liabilities in currencies other than N.Z. currency .. .. 44,792 10 7 Other liabilities .. .. 2,017,367 15 1 Total £ (N.Z.) 89,503,953 3 3 Assets Gold 2,801.877 10 0 Sterling exchange .. 34,105,272 0 11 Subsidiary coin .. .. 43,138 8 9 Advances— Marketing Dept. .. 1,719,531 11 7 For other purposes . 35,885,000 0 0 Investments .. .. 11,736,019 8 6 Other assets 3,213,113 3 6 Total £ (N.Z.) 89,503,953 3 3 Proportion of reserve to note? > and other demand liabilities 42.892 per cent. Sterling exchange is expressed in New Zealand currency.