RESERVE BANK

Wanganui Chronicle, Volume 80, Issue 306, 27 December 1937, Page 11

RESERVE BANK

Large Increase In Note Issue STERLING EXCHANGE HIGHER NOTH ISSI E AT HIGH LEI EL rIiRTIIER ADVANCES TO STATE The weekly statement of assets and liabilities of the Reserve Dank of New Zealand as at the close of business on Monday, December 2D, is as follows: Liabilities.

i ..hi ot rcs.ci'vc • No. 7 less Ao. .)• no t- nnd other demand lia-Tn.b-os j,er cent. i _ A further expansion of £719,898 in the note issue brings the total up to [f1.V‘94.211, which is £1,598,692 above the le.cl ot a year ago. State deposil.- 10l al £-I,f >33.602, a dolt reuse of £868,171. The trading! hank.V :.>ervc__ nalames have in-'NtM-.l ■;• 11. I.:,:.—■>. and now total: 11 ■ ( '■ hci ieniand haiiditics,; nt 1623.267. show a decrease of £135,-! 997. Other liabilities amount to £I7(L-| s:c:li!iz exchange shows a further increase ol £ !.’,.;,<)‘)3, the total amount I being £16,377.582. Cold stands at ; £2,801.791. Sal/sidiary coin has risen' lo 1212.320, an increase of £19.985. 1 Advances to the State dairy Indus-! ’- ,r, hcr inc rease of ,llc lo,a * amount Doing £5,Advan.co 1., the Stale for other purposes remain unchanged at £9on.iioo.' Other advances have increased by I too.i.Hi'j and now amounl to £150,000.* . !c ‘‘ na -'i unchanged at L2.(>08.32.). Other assets amount to £84,751, an increase of £6221. Ihe statement balances at £29--163,240. an increase of £1.278,078.

£ s. d. 1. General res. fund 1,500,000 0 0 Bank notes 15,09-1,21-1 U 0 1 J. Demand liabilities— <a> Stalo 4,033,602 10 6 'In Banks 8,041,45-1 19 2 | (ci Ollier 623,267 8 10 lime deposits - • I •.). Liabilities in currcncics ol he r than New Zealand currency G Olive lialiililics 170,701 10 10 £29,463,210 9 4

Assets. 7. Re.<r»e- £ s. d. Geld 2.SU1.791 0 0 (b) Sterling exchange . 1G,877,381 1-1 10 (<■) Gold exch 8. Subsidiary coin . 212.“•‘‘o ■J. Discounts— la) Commercial & agricultural bills (b) Treasury and local body bills 10. Advances - < a) To 1 he Slate or Slatcunderlakings:

']> Primary Products Market Dept. . . 5,778.47a f 2) Fur other purposes 900,000 (b) To other public authori1 J-l 10 (e) Other .. 150,0(10 1) o' il. Investments . . 2,658,325 0 (JJ 12. Bank Buildings ... ■ Other c.../O.s . 81.751 10 6 I £29,463,240 9 4 1 r ... _ .