THE RESERVE BANK.

Waikato Times, Volume 118, Issue 19758, 13 December 1935, Page 9

THE RESERVE BANK.

INCREASE IN NOTE ISSUE. GOVERNMENT DEPOSITS HIGHER. (By Telegraph—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended December 9 was gazetted to-night. The statement is balanced at £26,026,144, or £760,046 more than at the close of the previous week. Following an increase of £110,718 last week, the note issue has risen by a further £744,992, the expansion for holiday season demands being well under way. Goernmcnt deposits are higher by £239,418, while those of the trading banks have fallen £148,114. The item other demand liabilities shows a decrease of £81,157. Sterling exchange lias again increased, the rise being £749,026, compared with over £3,000,000 the previous week. Oiher movements on the assets side of the statement are of minor importance. The statement with variations compared with the week before is as fol-

lows: — LIABILITIES. 1. Capital . . £500,000 a. Gen. reserve 1,000,000 o! Bank notes . 0,070,410 4. Demand liabilities— (a) State .. 5,018,808 (b) Banks . 8,480,707 (c) Other .. 343,130 7. Other liabillt. 103,804 Variation Same Same 744,002 + 2 30,4181 148,114* 81,157* 4,0071 Total £26,026,144 £760,040f ASSETS. S. Reserve — (a) Gold .. £0,801,733 (b) Sterl. Ex. 21,423,704 O. Subsld. coin 208,4 13 42. Investment . 1,544,263 14. Other assets 47,040 Same 740,0207 720* Same 1 1,7307 Total .. £20,026.144 t Higher. 'Lower. £700,0467 rroporMoii or reserve to notes and other demand liabilities, 00.104 per cent (0.104 last week).