THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20247, 16 July 1937, Page 10

THE RESERVE BANK.

FALL IN NOTE ISSUE. DAIRY ADVANCES HIGHER. (By TeIPR-rnnli —Pr#»««s Association.) WELLINGTON, Thursday. I The Reserve Bank return for the j week ended Monday, July 12, was gazetted to-night. The statement Is balanced at £31,141,761, or £511,558 more than at the close of the previous week. Following the fall of nearly £1,400,000 In the level of Government deposits shown In the previous week’s J return, there has been an Increase of i £477,585. The deposits of the tradi Ing banks are also higher by £307,533. j The note issue has decreased £71,351 in value, while other demand liabilities are £203,090 lower. The sterling exchange reserve shows a recovery of £350,243 from the decrease of £1,796,000 shown the week i before. Advances to the Dairy InI dustry Account are £42,615 higher. Advances for other purposes, which , have' been stationary at £200,000 for I many weeks past, have now increased by £IOO,OOO. | The statement with variations com- ; pared with the week before is as follows :

LIABILITIES. 1. Gen. reserve . 1,500.000 2. Bank notes . . 12,024,802 Variation —7 1)35 1 ill S -••• *m tSST:5I3 6. Other liabilities 86,053 tssi Totals 31,141,761 ASSETS. t51 1,55S (a> Gobi .... °. o i 701 Same (b) Sterling Ex. 20,096,947 13 5 0,2 4 3 8. Subsidiary coin . 115,980 t S52 ‘ U •V 1 n".rv S “„1„« 5 try Account 4.S28.601 14 2,6 1 5 2. F- r oner Purposes .. 300,000 tioo.ooo ll.lnw muMi 2,906,450 13. Other assets .. 91,992 -17,848 Total 31,141,761 Proportion or reserve to notes :nV.x? demand liabilities, 77.476 per cen last week ) . . (77.632