DEPOSITS A RECORD

Auckland Star, Volume LXXIII, Issue 125, 29 May 1942, Page 2

DEPOSITS A RECORD

TRADING BANK RETURNS (PA.) WELLINGTON. Thursday. Asset! and liabilities of the six trading banks at the close of business on Monday, April 27 were shown in a gazetted statement to-day. The principal items compared with figures at March 30 are:— April March Circulation £20.185.547 £20.117.303 Free deposits 62.529.203 61,524.871 Fixed deposits ... 28.632,283 28,420 172 Advances 47.444,132 49,628.533 London assets 11,179,646 10,498,731 Notes of the Reserve Bank held on April 27 were valued at £3.891.559. The issue at the end of April was £24,077,106, making the active circulation £20,185,547. The figures at the end I ox April In the past three years have been: — Issue Circulation 1840 £17,945,240 £13.651,404 1841 21,853,928 17.146,499 IM3 24.077,106 20.185,547 Deposits Set a Rccord For New Zealand Deposits and advances at the end of April In the past three years have been:— Deposits Advances Excess April 1940 .. £79.414,398 £49,540,807 £29,873,591 1941 . . 82,460,354 52,252,893 30,207,461 1942 91,161,486 47,444,132 43,717,354 Fluctuations since 1940 In the value of assets held in London and elsewhere abroad, on account of New Zealand business, have been:— London Elsewhere Total 1940 £11,634,235 £1.932,033 £13,566,268 1941 11,492,121 2,366,272 13.858.393 1942 11,179,646 2,847,954 14,027,600