RESERVE BANK NOTE ISSUE AGAIN INCREASES
Indicating a record Christmas spending season the Reserve Bank note issue again increased, to £61,244.951, in the week ended December 13, from £58,908, 325 the previous week. In the corresponding week last year the note issue was £57.972,729. Sterling exchange held by the Reserve Bank fell from £49,899,994 to £48,992,587 in the week ended December 13. The assets and liabilities of the bank as at December 13, with the weekly average of 1939 and 1949, were as follows: Week
Av. Av. ended £N.Z. (million) 1939 1949 Dec. 13 Liabilities — Reserve funds 1.50 l.oO J-w Bank notes 16.08 al.31 61.24 Demand liabilities— State 2.77 11.38 18.39 Banks 10.75 73.84 58.60 Other ' -31 .35 .39 Other currencies 03 .On .01 Other liabilities 47 3.82 4.90 Assets — Reserve — Gold 2 80 3.22 4.69 Sterling 5.31 49.00 48.99 Other exchange . — — -36 Subsidiary coin . .22 .19 .22 Advances to State— Marketing 6.09 3.48 2.81 Other 13.59 37.63 54.03 Other advances ...... .06 4.91 5.62 Investments 3.66 41.86 25.97 Other assets 17 1.97 2.33 * Ratio, p.c 27.00 38.14 — ♦Proportion or reserve to notes and other demand liabilities.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19501223.2.143
Bibliographic details
Wanganui Chronicle, 23 December 1950, Page 12
Word Count
186RESERVE BANK NOTE ISSUE AGAIN INCREASES Wanganui Chronicle, 23 December 1950, Page 12
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in