BANK OF ENGLAND RETURN

Wanganui Chronicle, Volume 77, Issue 196, 20 August 1934, Page 11

BANK OF ENGLAND RETURN

Received Aug. 17, 5-5 p.m. LONDON, Aug. 16. The wekly Bank of England return is as follows: Issue Department— £ Notes in circulation .. .. 384,108,027 Notes in banking department 67,568,333 Total 451,676,960 Government debt 11,015,100 Other Government securities 244,729,363 Other securities 841,908 Silver coin 3,413,629 Total fiduciary issue . .. 260,000,000 Gold coin and bullion .. 191,676,960 Grand total 451,676,960 Banking Department— Proprietors’ capital .. .. 14,553,000 Rest 3,628,377 Public deposits 23,495,660 Bankers’ deposits 89,458.940 Other accounts' 36,724,279 3even-day and other bills 6,215 Total 167,866,471 Government securities .. 84,138,781 Discounts, advances .. .. 5,506.820 Securities 1Q,139,504 Notes 67,568,333 Gold and silver coin .... 513,033 Total 167,866,471 Proportion of reserve to liabilities 45.40 p.cShort loans i P- c - Three months’ bills .. .. 13-16 p.c. The increase of £8,700,768 in reserve in the bank return is due to a similar contraction of the note circulation, representing the return of holiday money.