DROP OF £2874 303 IN STERLING EXCHANGE
Stirling exchange held by the Reserve Rank - r New Zealand drooped £2.874.303 to £R3.f'9o in the week ended October 21. Lring- : n" the funds to the lowest level since* the week ended .Tun° 10 Note issue rose by '• 4 m. r >is fn £45,861.080. Th n ••rOTn m’liinns for the week ended October 21. with the averages ot 1939 and 1945. is as follows: LIABILITIES.
Other assets . -17 1.45 .89 Proportion of reserve to notes and other demand liabilities. 70.178 per cent., compared with an average of 27 per cent. In 1939. and an average of 03.3 per cent, in 1945.
Week Aver., Aver.. ended 1939. 194"> Oct. ?1 Reserve fund 1.50 1.50 1.50 Bank notes . 16.OR 41.12 45.86 Demand liabilities— State 2.77 1°. nr » 11.0° Rank . 10.75 43.97 60.R5 Other .31 1.01 .65 tJahtl'ties other than n.z. on .on .01 Other liabilities . .47 2.50 3.25 ASSETS. Reserve— Gold 2.R0 2.R0 2.80 Sterling 5.31 60.06 83.09 Subsidiary coin 22 .03 .06 Advances— To State Marketing 6.09 2.08 1.09 To other State organisations 13.59 24.16 35.25 Investments 3.66 11.79 3.95
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Bibliographic details
Wanganui Chronicle, 31 October 1946, Page 7
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186DROP OF £2874 303 IN STERLING EXCHANGE Wanganui Chronicle, 31 October 1946, Page 7
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