RESERVE BANK
STERLING EXCHANGE AND NOTH ISSUE HIGHER. In, ..■’a-,..- ~r A7ii-.45ti in Lhr Hole iejile >u k.’ 1 5)2 Ils 6d in the sterling exchange, tiimred with the previous week, are show •- (lie I! sent Ban;, statement of aHsets an ; •liiiti ~ at Dfc< niber 17 Tne (statement follows: -
no'.ori .'ind other demand liabilities. 68.663 per cent. Proportion of reserve in notes and othei liabilities was 68-663 per cent, compared with <0.773 per cent, on December JO. The reserve at Decemlier 7 was ;£80,994,1)06 0s lid. an increa.<»e of .£l/119,512 Us 6d for the week. A year ago the reserve was .£'41,227,828. Sterling exchange on December 17 was £.'78,192,128 l‘Je lid, an increase of .£1,536, 512 ll.s td- Liabilities in currency other than New Zealand currency were £40,883 7s 4d, an increase of £34,359 17s 4d, thus making the bank’H net overseas a.sseta £78,151,244 13s 7<l, compared with £76,649,091 14s 8d huit week, an increase of £ 1,401.152 18s 9d. A year ago these assets were £38.42i5.951. Advances to the Stat.e Marketing Departwe,e 4)2,760,521 13s 6d, an increaae of £ 170,871 12s Dd. Advances to the State for other purposes were £32,000,000, £4,000,09(1 higher, while the figure a year ago was £25,885.000. note issue on December 17 wazs £45,137,216 Lie, an increase of £762,456. A year ago it was £40,835,923. and two years ago £37.510,551. Demand liabilities to the State amounted to £15,506,802 10s B<l, an incicaae of £1,728,058 9e 3d. The trading banks' reserve balances totalled £56,312,395 '.39 Bd. an increase of £2,088.3-04 19n Id. Other liabilities at £343.010 l'2ft <<d showed an inereaae of £59,205 15s. The statement balances at £122,548,777 Ils 7d, an increase of £5,670,866 Us 7d.
LIABILITIES. ■£ ». d. General reerve fund 1,500,DOO o o Bunk notes 15,737,216 In u Demand liabilities— < HI St-.te 15.5H6.802 10 8 ,bl Banks 56.312,303 13 8 Other 343,010 12 4 Liabilities in currencies other thi.n N.Z 40.883 17 4 Other Liabi.ities 3,108,470 7 7 £l N.Z.) 122,548,777 11 7 ASSETS. Reserve— i fl . di ,H ) Gold 2,801,877 10 0 ib) Sterling Exchange .. 18,192,128 in 11 Subsidiary Coin 23,208 16 4 Advances to State — la) To the State or State undertaking — <1) Marketing Dept 2,769,521 13 6 For other purposes .. 32,000,000 0 0 Divestments 5,790,066 1 8 Other assets 971.974 IV 2 £ (N.Z.) 122,548,777 11. 7 Proportion of reserve (No. 7 loss No. 5) to
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Bibliographic details
Wanganui Chronicle, Volume 89, Issue 303, 24 December 1945, Page 8
Word Count
392RESERVE BANK Wanganui Chronicle, Volume 89, Issue 303, 24 December 1945, Page 8
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