STERLING FUNDS SHOW CONTINUED DECLINE
Sterling exchange held by the Reserve Bank fell from £82,901,602 to £79,704,633 in the week ended September 24. In the same period the note issue increased from £47,110,116 to £47,134,624. The return in millions for the week ended September 24, with the weekly averages for 1939 and 1946, is as follows:
Week Liabilities— Aver. 1939. Aver. ended 1946. Sept. 24. Reserve Fund 1.50 1.50 1.50 Bank notes Demand liabilities— 16.08 45.17 47.13 State 2.77 17.30 9.79 Bank 10.75 59.73 ;>o. Other .31 ..)2 .44 Other currencies .. .03 0 < .0G Other liabilities .... Issets— Reserve— .47 3.35 3.29 Gold 2.80 2.80 2.80 Sterling >L 81.33 79.70 Subsidiary coin .. Advances to State— — .04 .04 Marketing 6.09 .9(5 — Other 13.59 35.13 30.11 investments 3.66 5.99 3.87 Other assets .17 1.40 .90 Ratio p c .27 68.56 73.2-1 ♦1 roportion ot reserve to note and demand liabilities. other
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Wanganui Chronicle, 6 October 1947, Page 8
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148STERLING FUNDS SHOW CONTINUED DECLINE Wanganui Chronicle, 6 October 1947, Page 8
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