STERLING FUND
Sterling funds held by the Reserve Bank of New Zealand in London have declined by £13.325,899 from the peak of £82,880.541. New Zealand currency, at the end of last year, the amount shown in the return for the week enVd January 7 being £69,554,642. A substantial reduction in the sterling funds was to be expected in this return, for in addition to the normal half-yearly interest payments on London debt due on January 1. just over £12.000,000 of debt which also fell due in London on that date was repaid by t lie < 'oV ( rillliellt
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Bibliographic details
Wanganui Chronicle, Volume 90, Issue 14, 17 January 1946, Page 2
Word Count
97STERLING FUND Wanganui Chronicle, Volume 90, Issue 14, 17 January 1946, Page 2
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