STERLING LOWER
RESERVE BASK STATEMENT (P A.) WELLINGTON. Wednesday. The Reserve Bank return for the week ended Monday, July 6, with variations in the figures compared with the previous statement in parentheses. is as follows:— Liabilities.—General reserve, £1.500.000 (same)Bank notes, £25,489.643 (—£39,203). Demand liabilities: Sta>e. £18.681.628 (+£1.137 295)BankS. £17.434,563 (+£724.297); other. £1.179.346 ( —£3,519.715); other currencies. £41.216 (J-£27-442); other liabilities. £1.155.631 ( + £17 113)total. £65.482.027 ( — £1.652.771). Assets.—Reserve: Gold. £2.801.877 (same)- Sterling Exchange. £23.271.739 ( — £1.450.836); subsidiary coin. £35.078 (—£1337). Advances—Marketing. £11.838.176 (—£121.340); other. £22 300.000 (same); Investment. £4.146.408 ( — £944) o'her assets. £1.088.749 (—£78,314). Total. £65.482.027 (—£1.652.771). Proportion of reserve to notes and other demand liabilities, 41.463 per cent (42.664 last week). Three Years Compared The following table shows the position of the Bank's funds at this date lor the past three years (in thousands of pounds):— 1940 1941 1943 Bank Notes 19,009 21.672 25.490 Deposits— State 5.631 8.045 18.652 Banks 16.361 13.583 17.435 Exchange 13.254 19.661 23.272 Advances — Marketing 3.657 5.525 11.838 Other 21.310 13.500 22.300 Ratio (p.c.) 38.460 50.560 41.463
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Auckland Star, Volume LXXIII, Issue 166, 16 July 1942, Page 3
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168STERLING LOWER Auckland Star, Volume LXXIII, Issue 166, 16 July 1942, Page 3
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