THE RESERVE BANK

Waikato Times, Volume 125, Issue 20952, 3 November 1939, Page 10

THE RESERVE BANK

INCREASE IN LIABILITIES ■^aoi. DAIRY ADVANCES HIGHER (By TelegTaph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, October 30, was gazetted to-night. The statement is balanced at £35,749,323, or £282,607 more than at the close of the previous week. Sterling exchange is valued at £5,743,087, or £138,042 more than in last week’s return. Largely as a result of an increase of £952,769 in the level of Government deposits, notes and other demand liabilities are £559,267 higher in the aggregate than on the previous Monday. The ratio is 25,367 per cent, compared with 25.162 per cent the week before. Advances to the Primary Products Marketing Department are £678,053 higher. Those for other purposes have been reduced by £550,000. The statement with variations com-

pared with the week before is as follows: — Liabilities Variation £ £ General reserve ... 1.500.000 Bank notes 17,371,820 Demand liabilities— t37,2Sl + 052,769 -571,509 Banks 13,211.020 Other 161.597 Other currencies .. 10,001 -140.726 -911 Other liabilities .. 594.238 to,703 t2S2,G07 Assets Reserve— Gold 2,801.839 Sterling exchange 5,74 3,087 Same + 138,042 Subsidiary coin . .. 227,605 Advances— + 3,177 Marketing- 6,46?, 351 + 678,053 Other 16,775,000 Investment 3,619,792 Other assets 119,649 -550,000 + 13,669 -334 Total 35,749,323 + 282,607 Proportion of reserve to notes and other demand liabilities, 25.367 per cent (25.162 last week).