BANK OF ENGLAND.

Star (Christchurch), Volume LXVI, Issue 20482, 7 December 1934, Page 9

BANK OF ENGLAND.

Weekly Returns. United Press Assn.—By Electric Telegraph—Copyright. (Received December 7, 11 a.m.) LONDON, December 6. Returns of the Bank of England for the week ended December 5 are as folGold and silver coin, £194,928,304, compared with £194,909,505 a week ago, and £194.280,806 a year ago. The reserve in notes and coin i s £67,261,380 compared with £72,994,057 last week, and £76,894,307 last year. The proportion of reserves to liabilities is 43.70 compared with 4 7.10 a week ago, and 48.30 a year ago. The circulation is £385.4 47.319, compared with £379,656,948 last week. Issue Department. Notes issued— In circulation 385,447,319 In banking department . . 66,735,485 £452,1 82,804 Government Debt 11,015,100 Other Governm’t Securities 245,509,211 Other Securities 7 30,189 Silver Coin 2,745,500 Fiduciary Issue 260,000,000 Gold Coin and Bullion .... 192,182,804 £452,182,504 Banking Department. Capital 14.553,000 Rest Public Deposits 5,600,0br» ot Sl r n £tr SitS T. 10..JM.0W Other Accounts 06,09-,S6u Seven-day and Other Bills . £171,735,229 Govt. Securities 84,806,413 Other Securities — Discounts and Advances "" ni a*-7 No s t e es urities ::::::: Mim.'ls Gold and Silver Coin 525 ’ 895 £171,735,229 Money Market. The Bank of England rate of discount i« 2 per cent (June 29/32). Short loans are quoted at J per cent unchanged from last week, and me market rate of discount for the best three-month bill is 19-32 per cent, as against 15-32 per ceiU a week ago. The increase in circulation and the reduction of reserve are due to '-.hrisimas cash demands. The fall in publicdeposits and the increase in bankers are due to the payment of vv ar Loan dividend.