STERLING FUNDS AND NOTE ISSUE DOWN
Decreases in sterling exchange and banknote issue are shown in the latest return of the Reserve Bank of New Zealand, which is for the week ended September 23. Sterling funds dropped by £415.682 to £59.955.501 and the note issue by £83.428 to £45.544,751. The return in millions for the week ended September 23. with the averages of 1939 and 1945, is as follows: LIABILITIES.
Proportion of reserve to notes and other demand liabilities, 71.954 per cent., compared with an average of 27 per cent, in 1939, and an average of 63.3 per cent, in 1945.
Week Aver . Aver.. ended 1939. J 913 Sept. 23 Reserve fund 1.30 1.30 1.50 Brink notes . . 16.08 41.12 43.34 Demand liabilities — Stab* 2.77 12.22 12.6') Bank 10.75 43.97 61.42 Other . .31 1.01 .30 Liabilities other than N.Z. .03 .06 .14 Other liabilities .17 2.30 3.20 ASSETS. Reserve — Gold 2.R0 2.80 2.89 Sterling 5.31 60.06 85.96 Subsidiary coin .22 .03 .03 To State Marketing 6.09 2.08 1.17 To other State Organisations 13.59 24 1G 33.no Investments 3.66 11.79 3.95 Other assets . .17 1.45 1.09
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Wanganui Chronicle, 3 October 1946, Page 2
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184STERLING FUNDS AND NOTE ISSUE DOWN Wanganui Chronicle, 3 October 1946, Page 2
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