Page 1 Advertisements Column 8

Wanganui Chronicle, Volume 88, Issue 6, 8 January 1944, Page 1

Brsert Ctfiaretke STILL GOOD TXLVI At M for 1«. Toaated and No Cough.

I BUSINESS ANNOUNCEMENTS ■I gTOCK gTOCK , S TOCK ( W HIPS HIDE THONGS, 4ift. 8/11 sft 9/H 6ft. n/9 7ft. 14/11 KANGAROO 5Ht 19/6 6ft 21/6 64ft 22/6 7ft. 29/6 HANDLES 4/6, 6/6, 9/6 gTIRRUP LEATHERS gTIRRUP £EATHERS 8/11, 9/11, 10/6, 12/6, 13/11, 15/6 pf. Spare Reins 11/6 pr . Web Girths 4/6 ea. Jute Girthss/3 ea . Leather Girths 14/6, 14/11 Leather Girthsls/11, 22/6 Cruppers 9/11, 14/6 Surcingles 11/6, 13/9, 19/6. (JANVAS JJAVERSACKS (JANVAS JJAVERSACKS WHITE DUCK 9/11, 9/11, 9/11 GREEN FLAX 15/6, 18/6, 19/6 yOUNG A OOLLINS F TO - AVENUE - - . WANGANUI 1944 FURNITURE NEWS From OUTHBERTSON & F EE - ■yyiTH the beginning of a New Year that is full of good promise, we are indeed happy to announce that in our showrooms, NEW designs of Modern Bedroom, Dining and Lounge Suites are already on display. QUALITY FURNITURE IS YOUR MOST PROFITABLE INVESTMENT. Build up your home assets by investing in Cuthbertson & Lee QUALITY FURNITURE . . . Furniture that gives you maximum comfort, service and satisfaction, C. A L. SUPER CRAFT DINING ROOM SUITES Are Priced from as low as £99/10/-. QUTHBERTSON A F EE . F TO ’ Furnishing Specialists - The Avenue, WANGANUI. Phones 2691, 2231

RESERVE BANK. STERLING FUNDS HIGHER The sterling: exchangee funds of the Reset. Bank on December 21 totalled 4)33,616 340 a further increaee of £1,087,132. The note issu. hRB reached its Christmas peak at £87,718,602, the increaee Iqf the week being The statement, as at Monday, December 27 ii u follows: LIABILITIES General reserve fund 1,500,000 "o Bank notes 37,718,602 10 0 Demand liabilities—- <*! 16,295,829 17 7 (b) Banks 33,365.491 10 9 (c) Other 680,039 12 2 Liabilities other than in N.Z. currency 10i 7 55 0 4 Other liabilities 1,930,023 17 9 £(N.Z.)91,500,742 7 10 ASS STS. Reserve— £ d (a) Gold 2,891,877 10 0 (b) Sterling exchange .. 33,616,340 8 » Subsidiary coin 65,669 6 IQ Advances to the State—(l) Marketing Dept 679,144 11 4 (2) For other purposes .. 40,635,000 0 0 Investments 10,322.319 13 7 Other assets j..,. 3,378,390 17 4 £ (N.Z.)91,5W,742 7 10 Proportion of reserve to notes and other demand liabilities, 41.344 per cent., compared with 41.196 per cent, on December 20. The reserve on December 27 was £36,407,462, an increase of £1,987,306. A year ago the reserve was £29,351,811. Sterling exchange on December 27 amounted to £33,616,340, an increase of £1,087,192. Liabilities in currencies other than New Zealand were £10,755 (a decrease of £114), thus making the bank’s net overseas asseta £33,605,585, compared with £32.518.279 on December 20. an increase of £1.087.306. A year ago theee assets were £26,549,934. Advances to the State Marketing Department total £679,145, an increase of £5598. A year ago they were £1,523,221. Advances to the State for other purjKmes now stand at £40,635,000, an increase of £750,000, compared with £27,300,000 a year ago. The note issue on December 27 stood at £37,718,602, an increase of £208,081. A year ago it was £30,819,847. Demand liabilities to the State amount tn £16.295,830, a decrease of £275,206. The trading banks’ reserve balances total £33.365,492, an increase of £1,955,869. Other liabilities at £680,040 have increased by £483,796. The statement bailees at £91,500,722, an increase of £2,357,528. FUTURE OF WOOL. SMALLER WORLD FLOCKS Evidence points to a considerable reduction in world sheep numbers, with a consequent falling off in wnol production, states a report from Winchcombc, Carson. Limited, Sydney. An American authority estimated recently that aheep in occupied European countries had been reduced by one-third from the 1939 total of 36.009,000. In Great Britain flocks are much smaller. Slaughtering in the United States has markedly increaeed. and in Australia meat, requirements are likely to result in more stock being killed. South Africa is similarly situated. If stock is slaughtered judiciously as it is ia Australia, and ftue regard ia paid to the proservation of bn *ders, the rebuilding of numbers is not a prolonged proceae. provided sea6on« arc favoucahle. But war-ravaged Europe would need to be under very complete control to prevent the killing of sheep indiscriminately. American information is that the Britiahowned reserves of wool in the United States are the equivalent of about 3,000,000 Australian bales. They include South African and New Zealand supplies. This stock will be particularly useful in providing quickly raw material for Britain and Europe immediately after the war. After the pre\ iou« war wool was plentiful in the primary producing countries, but acarce where it was needed for manufacture. The short Atlantic sea voyage makes the holdings in America quickly a<- I 'ea* Quick Results, uie the Hunted Columns! Cheap and effectively words la, three tmertione 2* id.