B—l6

MONEY SUPPLY The table below sets out the changes in the total amount of money in the form of coin and notes in public circulation and bank demand deposits from 1939 to 1949 :

Amount of Money in New Zealand in the Form of Coin, Notes, and Bank Demand Deposits* (£ millions)

11

Last Balance Day in March. ■ Coin. Notes. Trading Bank Demand Liabilities. Government Deposits at Reserve Bank. Other Demand Liabilities Reserve Bankf. Total Amount of Money. Annual Increase. 1939 1-38 11-18 38-45 3-82 1-03 55-9 0-6 1940 . • 1-62 14-84 46-64 6-78 0-11 70-0 14-1 1941 . 1-69 17-16 53-68 6-27 0-93 79-7 9-7 1942 . 1-85 20-18 61-52 13-46 0-21 97-2 17-5 1943 . 2-23 26-18 77-14 15-56 0-37 121-5 24-3 1944 . 2-47 31-19 85-09 18-09 0-89 137-7 16-2 1945 . 2-62 34-19 93-66 16-80 0-69 148-0 10-3 1946 . 2-89 36-64 110-92 29-21 0-79 180-5 32-5 1947 . 3-04 39-63 126-79 17-43 0-55 187-4 6-9 1948 . 3-17 40-76 142-35 23-15 0-58 210-0 22-6 1949 . 3-19 42-20 145-50 22-25 0-40 213-5 3-5 Monthly 1948— March 3-17 40-76 142-35 23-15 0-58 210-0 April 3-15 40-32 139-24 16-12 0-39 199-2 May 317 40-34 143-24 10-30 0-36 197-4 June 3-18 40-54 137-91 12-00 0-45 194-1 July 3-18 40-53 134-99 10-85 0-63 190-2 August 3-18 40-91 137-62 9-37' 0-38 191-5 September 3-18 40-72 132-50 11-94 0-17 188-5 October 3-20 40-76 133-30 8-92 0-25 186-4 November 3-20 40-68 137-06 9-33 0-47 190-7 December 3-34 44-87 144-03 8-87 0-37 201-5 1949— January 3-15 40-88 147-39 8-98 0-63 201-0 February 3-21 40-84 151-04 11-64 0-27 207-0 March 319 42-20 145-50 22-25 0-40 213-5 * Excluding de aosits held at savings-banks . t Excluding ba iances held b> the trading-r. anks.