BANK OF ENGLAND RETURNS.

Press, Volume LXIII, Issue 19162, 19 November 1927, Page 16

BANK OF ENGLAND RETURNS.

(bt cable—miss association— cofisigkt). './a-STKALIAN A.VD K.Z. CABLE ASSOCIATION./ (Received November ISth. 5.5 p.m.) LONDON. November 17. The following are the Bank of England returns (or the week ended Wednesday:— Issue Depsrtment. Note circulation .. • • 130,20T.0Q0 Notes in reserve .. •• 34,6d9,000 Total .. •• 169,866,000 Government debt .. •• 11 -°*s'°°n Other securities . . •• 8 'f??'°" 1 ; Gold coin and bullion .. 100,116,000 Total ' •• •• 169,5CC,000 Banking Department. Proprietors' capita! .. 3 : 1 -ooq'ooo pSbHc deposits :: '.'. ™'ijj#°°}! Other deposits .. .. 98,713,000 Seven-day and other bills . . -,000 Total .. ~133,096,000 Government securities •'• '}2'?s^'?S? Other securities . . • • 3?"°-v££,! Notes in reserve . . •• "f'^'nnn Gold and silver com .. 1,481,000 Total .. •■ 3 33.096,000 The proportion of reserve to liabilities is 31.30 per cent. Short loans are quoted at 3£ per cent., three months' bills at '1 5-16 per cent. FOREIGN EXCHANGE RATES. (BY CABLE—PRESS ASSOCIATION—COPYRIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) (Received November 18th, 5.30 n.m.) LONDON, November 17. The exchange rates an London are as follows— ■•"'_„ . Par. Nov. 14. Nov. 17. Paris, fr. to £1 .. 12.22; 121.00 124.00 Brussels, belgastoil 5 31.91 34.91 Oslo, kr. to £1 .. 18.159 18.45 18.35 Copenhagen, kr. toil 18.159 18-10 18.18 Stockholm, kr. to £1 18.159 18.18 16.10 •Amsterdam, fl. .. 1-2.107 1-2.07J 12.06 i Berlin, Keichmarken . ,„ to £1 .. •■ - 20,12 20.43 Montreal, dol. to £1 4.56J 4.56 11-16 4.86 13-16 New York, dol. to £1 4.86J 4.87 7-16 4.87 9-16 Yokohama, st. to yen 24.5 22 9-16 22 9-16 Rome, lire to £1 . 25.22 V' 59.74 59.00 Calcutta, st to rpe. 15 to gold £ 18 18 Hong Kong, st. to dol. * 24$ 24J Batavia .. - - 12.08 19.071 Prague, kroner to £l. IG4» 164J * Governed by price of silver. GOVERNMENT SECURITIES. (Received November 18th. 5.30 p.m.) LONDON,- November li. The following are the latest quotations for Government'securities compared with the prices ruling fast week: — s Last Week. This 'Week.

BRADFORD TOPS. (Received November 18th, 8.30 p.m.) LONDON, November 17. The Bradford ",vool tops market is very firm but business is small. Quotations are 64's quality s'Jd, 60' a 47Jd, 56's SBd, 60's 29d y 46's 23d, 40' a 22d. GOLD. (Received November 18th, 8.30 p.m.) LONDON, November 17. The price of gold is quoted at £i 4s lljd • an oz. MELBOURNE MARKETS. MELBOURNE, November 18. Wheat—There is little business. Quotations are: 5s 6d, new; January-February, nominal, Ss 6d. Flour—£l3 10s to £l3 15s a ton. Bran—£B a ton. Pollard—£B 5s a ton. Oats—4s 8d to 4s lOd a bushel. ; Barley;— English 4s 6d to 4s 9d a bushel. Potatoes—£4 a ton, new £l2. Onions —£2 10s a ton. HARRISONS AND CROSFIELD. - Harrisons and Crosfield, Ltd., of London, of which Harrisons, Ramßay, Proprietary, Ltd., of Australia and New Zealand, is a subsidiary, showed a profit for the year ended June 30th of £365,532, after providing for income-tax, compared with £339,113 the previous year. Dividend of 6 per cent, on cumulative preference shares, and 10 per cent, on preferred ordinary shares, and interim dividends of 10 per cent, on deferred ordinary, and management shares absorbed £165,753. A final dividend of 30 per cent, was paid on deferred ordinary shares, and a dividend of £76,360 on 500,000 management shares of Is each. From the two latter dividends, income-tax at 3s 9d in the £ was to be deducted. . A sum of £20,000 was transferred to general reserve, and £20,000 to staff special reserve, leaving £59,081 to be carried forward against £82,022 brought forward. Capital is £1.909,534, there are reserves of £530,000, and liabilities to the public of £1,200,775. Assets amount to £3,970,414, of which shares in associated companies represented £245.712, real estate £670,182, stocks £423,433, investments £1,521,324. Since the close of the financial year the company has acquired the whole of share capital of Davenport and Co., Ltd., which' has been established as merchants in Calcutta for many years, and Harrisons and Crosfield (Borneo), Ltd., has absorbed the business of Vanscolma and Company, Labuan. THE HERALD AND WEEKLY TIMES, LTD. ' The Herald and Weekly Times, Ltd.. a Melbourne company which controls a number of newspapers, shows a profit of £164.194 for the year ended September 30th. This profit includes a dividend of £16.375 declared bv Pictorial Newspapers Pty.. Ltd.. in respect of its 1925-26 operations. Dividend of G l . per cent, on preference shares accounts for £3125. of 10 per cent, on ordinary shares £50,000, of 8 per cent, bonus on ordinary shares £40,000 of a similar dividend and bonus on employees' shares £9OOO, and a special bonus on ordinary and employee shares of Is a share £27.500. Of the balance it is proposed to transfer £15.000 to contingency reserve, and to carry forward £17.565 against £4996 brought into the account. The capital is £675.000. of *hich £125.000 is in preference shares.' £500.000 in ordinarv' shares, and £50.000 in employees' ordinary shares. There is a- contingency reserve of £182,500. B dividend .equalisation fiVnd of £25,000. and n plant and machinery depreciation reserve of £IOO,OOO.

s a Imperial Consols, 2j p.c. i - 55 ' 0 0 55 0 0 War Loan, 5 p.c 1829-47 'lOO 5 0 100 6 3 War Loan. 3| p.c. 1925-28 ..< >'l00 15 0 100 17 6 Conversion loan, SJ p.c. 75 2 6 75 5 0 Commonwealth. 6 p.c, 1931-41 . . 103 5' 0 103 2 6 Commonwealth 5 p.c. 1945-75 . . 100 7 fi 100 7 6 Sow Zealand. C p.c, 193G-51 . . 108 2 6 108 7 6 Now Zealand, 4 p.c. 1929 97 17 6 98 0 0 New Zealand, 3 J p.c, 1940 87 7 f> 87 15 0 New Zealand, 3 p.c. 1945 ■ 78 5 0 78 5 0 New South Wale«, 6 p.c, 193.0-40 . . 101 2 6 101 2 6 New South Wales, §J p.c, 1922-23.. . 104 0 '0 103 12 6 New South Wales, 5 p.c. "l00 7 6 ' 100 7 6 New South Wales, 4 . p.c, 1933 94 10 0 94 2 6 New South Wales. 3i p.c, 1930-40 ... 70 2 6 76 5 0 New South Wales, 3 p.c, 1935 85 10 0 85 5 0 Victoria. 5J p.c, 1930-40 95 17 6 96 0 0 Victoria, 5J p.c, 1921-26 100 17 6 101 0 0 Victoria, 3 p.c, 1929-49 72 12 6 72 12 0 Victoria, 5 p.c, 1932-42 ■ ' .. 99 6 ' '0 ■' 99 7 0 Victoria, 3 p.c, . 1920-40 77 10 0 77 6 0 Queensland,. G p.c, 1930-40 . i . 103 0 o' 103 2 c Queensland, 31 p.c, 1930 9G . 0 0 . 95 17 6 Queensland. 3 p.c, 1922-47 72 7 6 72 0 0. South Australia, 6i p.c, 1930-40 '. . 103 15* 0 104 0 0 South.'Australia, 3i p.c, 1939 •'. . 85 2 6 66 5 0. South Australia, 3 p.c, 191G or altar 62 0 ■ 0 62' 10 0 West ■Australia. G p.c.,- 1930-40 . . 103 7 6 1035 o' West Australia, 3J p.c, 1920-35 . . 88 10. 0 . 88 12. 6 West Australia. 3 p.c, 1915-35 ... So 15 0 , 85 12 G Tasmania, /rii p.c, 1930-40 104 10 0 . 104 2, 6 Tasmania, 3 J o.c, 1920-40 87 15 0 84 10 0 Tasmania. 3 p.c. 1920-40 79 0 0 79 0 0