THE RESERVE BANK
INCREASE IN DEPOSITS EFFECT OF INCOME TAX (By Telegraph.—Press Association) WELLINGTON. Thursday An increase or £•«.’,<ns,Uos in Government- deposits is shown in the Reserve Bank return fur me week ended Monday, February lu. This may be attributable in part to early payment of income tax, due at the beginning or next month. The statement with variations compared with tile week before is as follows: Liabilities
Proportion of reserve to notes ami other demand liabilities, 38.7 11 per cent (3-6.964 last week). The principal items in this week's return are compared with those at the corresponding- date last year in the following table:— (000’s Omitted)
£ General reserve ., 1,500,000 Bank notes 31,472,103 v *ir -200,958 State ::: $2,048,955 Other currencies . 30,991 Other liabilities . 1,042,484 U&S? Total . . . 50,2-52,959 $1,259,577 Reserve— Sterling- ex. .. 15,089,941 Subsidiary coin . 05,883 *1,310.885 $8,906 Other ..... 2 3,090,000 Investment 3,777,185 Other assets 1,220,507 -104,096 Total ... 50,252,959
1941 19 40 Variation £ £ £ Notes ... 21,472 18,101 *3,281 Deposits— State .. 10.957 4.179 *6,478 Hanks .. 11.780 15,007 -827 Exchange . 15,690 9,23 4 *6,456 Advances— Marketing- 3.008 3,918 -9 10 Other 23.690 2 1,010 *2,680 Ratio (D.C.) 38.7 11 31.343 *7.368
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Bibliographic details
Waikato Times, Volume 128, Issue 21346, 14 February 1941, Page 7
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187THE RESERVE BANK Waikato Times, Volume 128, Issue 21346, 14 February 1941, Page 7
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