N.Z. RESERVE BANK
WEEKLY RETURN FALL IN NOTE ISSUE I i INCREASE IN STERLING EXCHANGE (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, January *23, was gazetted to-night. The statement is balanced at £2B,Got ,4*22. or £133,043 more than at the close of the previous week. The sterling exchange reserve has ncreased again, but only by £22.421, compared with a rise of £439,254 in !he previous statement. A fall of £161,790 in advances to the Primary Produce Marketing Department is dmost balanced by a rise of £130,000 in the level of those for other purposes. Government deposits are £11,679 lower than on the preceding Monday, while the holdings of the trading banks are £369,360 higher. The fall of the note issue from the holiday season peak continues, the decrease in this return being £291,736. The proportion of reserve to notes and other demand liabilities at 26.695 is little different from that of the week before. The statement with variations compared with the week before is as follows : Liabilities Variation
j £ £ General reserve .. .. 1,500.000 Hank notes 1 5,508,328 -291,736 Demand liabilities— State 2,780,406 -1 1.679 Hanks 8,382,438 1369,630 Other 104.0 10 130.04 9 Other rurreneies .. 23.317 120,3 4 8 Other liabilities ... 253,863 f 16,431 Total 28.651,422 11 33,043 Reserve— Gold 2.801.701 Same sterling- Ktehawre . 4.305.526 f 2 2.4? 1 subsidiary coin . . 1 02.506 -397 Hills 500.000 Marketing: .... 5.866.716 161.790 oilier 1 1 .1 00.000 + 130.060 Investment 3.603,300 Other asset? 101.583 + 133,013 Total 28.651.422 1133.0 S3 Proportion of reserve to notos and other demand liabilities, 26.695 per •ent 26.782 last veelO. The prinripnl items In this week's return are compared with those at the orrespondintr date last year in the ollowing table:— ( oon’s omitted 1 1030 i 038 Variation \ntos .. 15.538 14.533 tl £ oor, r lepnsits— State .. 2,7 S 9 3.0 10 Hanks .. 8.3*2 - 1,245 ivchantre . 4.396 16. r.s 3 -12.287 0.22! 3 other .. ii.ioo 900 + ln.200 Radio r'l { „ , , „
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https://paperspast.natlib.govt.nz/newspapers/WT19390127.2.117
Bibliographic details
Waikato Times, Volume 124, Issue 20715, 27 January 1939, Page 9
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323N.Z. RESERVE BANK Waikato Times, Volume 124, Issue 20715, 27 January 1939, Page 9
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