PORT OF WANGANUI

Wanganui Chronicle, Volume 87, Issue 272, 17 November 1943, Page 6

PORT OF WANGANUI

High Tides at Wanganui To-day. 1.22 a.m. and 1.40 p.m. ARRIVED YESTERDAY KOUA, m.v., 7.45 a.nu from Tarakohe. DEPARTED YESTERDAY HOLMLEA, s.s., 1 p.m., for Greymouta. KOUA. m.v., 4.10 p.m., for Tarakohe. COASTWISE MOVEMENTS. FOXTON: Loaded for Wellington and Castlecliff on Monday and sailed early yesterday morning. KOUA: Arrived at Wanganui yesterday morning with cement from Tarakohe. Discharged at the Town Wharf and was to nave returned to Tarakohe later in the day. (Johnston and Co.). HOLMLEA: Completed discharge of her coal cargo at Castlecliff early yesterday afternoon, after which she sailed for Greymoutn. (Cock and Co.). STORM: Expected at Wanganui on November 22 with general cargo from Timaru, Lyttelton and Wellington, via Picton. (Millward and Co.). HOLMDALE: Due Wanganui on November 22 with general cargo from Dunedin, Oamaru and Wellington, via Picton. (Holm and Co.). HAUTURU: Due at Wanganui on November 24 with sugar and general cargo from Onehunga, via New Plymouth. (Johnston and Co.). RESERVE BANK. NOTE ISSUE LOWER. The sterling exchange funds of the Reserve Bank on November 8 totalled £29,215.618, a slight decrease of £20,519. The note issue at £34,704,718 shows a decrease for the week of £107,545. The statement, as at Monday, November 8, is ae follows LIABILITIES. £ e. d. General reserve fund 1,500,000 0 0 Bank notes 34,704,718 10 0 Demand liabilities (a) State 18,651,049 18 8 (b) Banks 26.797,741 7 11 (c) Other 635,162 10 10 Liabilities other than in N.Z. currency 11,113 2 9 Other liabilities 1,674,211 10 6 £ (N.Z.)83,973,997 0 8 ASSETS. Reserve— £ a. d. (a) Gold 2,801,877 10 0 (b) Sterling exchange . • 29,215,617 13 0 Subsidiary coin 28,556 8 0 Advances to the State—(l) Marketing Dept 1,431,639 16 1 (2) For other purposes .. 37,735,000 0 0 Investments 10,324,488 13 7 Other assets 2,436,817 0 0 £(N.Z.)83.973,997 0 8 Proportion of reserve to notes and other demand liabilities 39.617 per cent., compared with 39.534 per cent, on November 1. The reserve on November 8 was £32,006,382, a decrease of £21,577. A year ago the reserve was £28,553,402. Sterling exchange on November 8 amounted to £29,215,618, a decrease of £20,519. Liabilities in currencies other than New Zealand currency were £11,113 (an increase of £1058), thus making the bank’s net overseas assets £29,204,505, -a decreawe of £21,577. A year ago these assets were £25.751,525. Advances to the State Marketing Department totalled £1,431,640, an increase of £12,104. A year ago they were £1,934,118. Advances to the State for other purposes are unchanged at £37,735,000, compared with £24,300,000 a year ago. The note issue on November 8 was £34,704,718, a decrease of £107,545. A year ago it was £27,687,896. Demand liabilities to the State amount to £18.651,050, an increase of £1,150,120. The trading banks’ reserve balances total £26,797,741, a decrease of £1,302,178. Other liabilities at £635,163 have increased by £34,877. The statement balances at £83,973,997, a decrease of £217,894,