STERLING FUNDS AND NOTE ISSUE DECLINE
Sterling funds held by the Reserve Bank
fell from £90.712.001 to £90,234.073 in the week ended July 9. In the same period the note issue fell from £47.1.55,401 to £47.144.290. The i eturn in millions for the week ended July 16. with the weekly averages for 1939 and 1046, is as follows:
Week Liabilities— Aver. 1939. Aver. ended 1946. July 16. Reserve Fund . 1.50 1.30 1.50 Bank notes Demand liabilities— 16.08 45.17 47.14 State '2.77 17.30 11.05 Bank 10.75 59.73 57.75 Other . . .31 jx .43 Other currencies .(« .07 .03 Other liabilities .... Assets— Reserve— .47 3.36 Gold 2.KO 2. RO 2.80 Sterling 5.31 21.33 90.23 Subsidiary coin . Advances to State— .22 .04 .05 Marketing 6.99 .96 .20 Other 13.59 35.13 23.05 Investments 3.66 5.99 3.87 Other assets .17 1.40 .89 ‘Ratio p.c .27 68.56 79.91 'Proportion of reserve to note and demand liabilities. other
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https://paperspast.natlib.govt.nz/newspapers/WC19470725.2.17
Bibliographic details
Wanganui Chronicle, 25 July 1947, Page 3
Word Count
149STERLING FUNDS AND NOTE ISSUE DECLINE Wanganui Chronicle, 25 July 1947, Page 3
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