THE RESERVE BANK

Waikato Times, Volume 121, Issue 20388, 31 December 1937, Page 4

THE RESERVE BANK

RISE IN THE NOTE ISSUE DAIRY ADVANCES HIGHER (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, December 27, was issued to-night. The statement is balanced at £29,817,032, or £353,792 more than at the close of the previous week. A further slight rise in the value of the note issue, which increased bv £138,913 to £15,233,127, probably represents the peak of the holiday season demand. Government deposits arc £546,856 lower than they were a week before, and those of the trading banks have increased by £888,189. Other demand liabilities are £125,065 lower. The sterling exchange reserve has risen by £115,166 in the weex the return covers. Advances to the Dairy Industry Account are £401,841 higher, while the item, advances other than to the State or State undertakings, | which stood at £150,000 the previous • week, has disappeared from the bal-ance-sheet. The statement, with variations compared with the week before, is as fol- ! lows: — LIABILITIES Variation £ £ I 1. General reserve 1,500.000 Same I 2. Bank notes .... 15.233.127 t 138,013 | 3. Demand liabilities—- | (b) Banks *!!! ! 8!b20!644 tBBBJB9 (C) other .... 498,202 -125.0C.5 6. Other liabilities 109.3 13 -1.389 Total 29.517.032 1353,792 ASSETS (a) Gold 2,801,791 Same 8. Subsidiary coin 2U»,V.r.i -if .’65 9 i. Dairy Industry purposes ... 900,000 1 1. lm i .-im. iii Total 29,8 1 7,032 f 353.792 Proportion of reserve to notes and other demand liability. 70. 123 per c< ut. (70.808 last week).