THE RESERVE BANK

Waikato Times, Volume 118, Issue 19662, 23 August 1935, Page 7

THE RESERVE BANK

NOTE ISSUE INCREASED. INVESTMENTS ALSO RISE. (By Telegraph.—Press Association.) WELLINGTON. Thursday. The Reserve Rank return for tho week ended August 19 was gazetted today. The statement is balanced at £25,966.557, or £236,900 less than at the close of the previous week. After a prolonged period of almost unbroken reduction, (lie note issue has moved the opposite way, there having been an increase of £43,610. State deposits have fallen by £441,112, while tho holdings of the trading banks arc £84,820 higher. Other demand liabilities have increased by £76,508. Sterling exchange lias decreased by £241,697. After having remained unchanged for months, investments show an increase of £8783. Other changes are of a minor character. The statement, with variations, compared with tho week before, is as follows: — LIABILITIES'. Variation

Proportion of reserve to notes and 3 tner demand liabilities, 96.70 per cent. last week).

1. Capital . . .. 2. Gen. resorvo Same 1.00 0,00 0 Same 3. Rank nntos . .. 8,780,052 •13,0 lot i. Demand liabilities— (a) State .. , , .. 11,111,000 111,112* (b) Hanks .. . . 1,100,005 8 1,820 f (r) Other •108,812 7 0,5 0 81 7. Other liabilities 0:1,ties 7 20* Total , . £25,000,557 £230,000* $. PftSflrvn — (a) Gold . .. ASSETS. ... £2,801,732 Same (b) SterlingEX. 20.812.821 211.007* 9. Subsld.. coin 223,020 1,700* IP. investment . . .. 2,10 2,80 3 8,7831 U. other assets 20,120 2,180* Total . £25,000,557 £230,000* tillghcr. ‘Lower.