FINANCE AND COMMERCE

Press, Volume LXXI, Issue 21417, 8 March 1935, Page 13

FINANCE AND COMMERCE

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RESEKVE BANK WEEKLY STATEMENT | ASSETS AND LIABILITIES I'I'.ESS ASSOCIATION TELEOHiM.) \VELLINGTON. March 7. A Gazette issued to-night contains a statement of the assets and liabilities ut the Reserve Bank of New Zealand, as at the close ot business on March ■!:-- Liabilities j: s. d. (L.i I'aid-ui) capital . . SUU.UOO 0 0 tl'j General Reserve Fund .. .. I.UUO.OUO 0 0 ■:;> Bank notes . . 11,181.120 10 0 *4 j Demand liabilities—•a) State . . 11,110.812 14 10 'b> Banks . . 5,250,1121 9 1 <f> Other . . 4.208 14 1 •ii Time deposits .. iu) Liabilities in currencies other than New Zealand currency .. '7i Other liabilities Hi.250 10 4 Tutal .. 27.098,714 4 4 Assets £ s. d. '!li Rcmtvc- - ( a» Gold .. 3,001,7;il 0 0 <bi Sterling exchange . . 21.810.210 15 10 icj Gold exchange '!) i Subsidiary coin 18:j,5;;0 15 !) GO) Discountsta> Cornniercial & agricultural bills ib> 'l'reasury and local bo il y bills .'. _ .in Advances-. | a.) To Stale < r State undertakings . . 'b) To oilier public authorities <c> Other .. | 121 lnvc:-.tin-ill:: 2.0-K>.971 1 (i 'l"' n.-nik buildings ' 14. Olhvr assets 5ti.270 11 ;j Tula I 27.01)8.71! 4 4 rri.p:. riK m i,l i-c. : erve 'Xo. ,*1 less Mo. (Ji to notes and other (1- niaiid Ii -bililies iiT.ll) per cent. NEW ZEALAND RAILWAYS | WORKING ACCOI'NT FOR JAM'ARY PERIOD NET KEVENLE OE t7.':0,22S j WELLINGTON. March 7. 1 The New Zealand Railways working account for the four-weekly period j v.jAed on February 2. 1935. is as fol-I • Re- E::pen- Net | ! Section. venue, diture.. venue. I i: .c .c I j Kailui .. 572 424 148 j Gisborne 2.242 1.748 41)4 I j North Island I i main line ! and branches ,'Jlii. 170 229.475 89.095] South Island J ; main l:n.' and branches 203.588 1.Vj.191 4 7.342 i i WcstDori . . 4.97G 4.12(5 850 | | Nelson . . 977 1.318 330 I Picton . . 2.305 2.024 281 I 1 Total railway 1 operation.. 533.775 395.301 138.474 ; Miscellaneous ! i services .. 01.858 31.800 29.998 | Total . . 595.033 427.161 108.472 ; "Decrease. ■ The total revenue from April 1. 1931. Ito February 2. 1935, was: £5.371.041. I The total expenditure was £4.632,313, j and the net revenue was £739,228 | Totals for the corresponding period | last vear were: Revenue, £5,130.616; | exnenditurc, £4,322.690: net revenue I X 807.926. j DAIRY PRODUCE HITTER MARKET AVKAK The South Island Dairy Association. i Ltd.. has received the following rei port from the New Zealand Produce Association. Ltd.. London: — I Butter—Weak. 75s to 775. Danish ! 110s. Cheese—Quiet. White 45s (>d: coloured 45s (id to 465. The New Zealand Loan and Mer- . eantile Agency Company advise that ! they have received a cablegram from ! their London office, under date March 6. giving the market quotations as follows: Butter —New .Zealand choicest salted. 755, 765. Market quid. Cheese —White 48s 6d: coloured 465. Market slow. Dalgety and Company. Ltd., have I ' eceived from Samuel Page and Son 1 a cablegram, dated March 7, stating:— j Butter —Market slow. Danish 90s; finest New Zealand 75s to 70s: finest Australian unsalted 80s to 84s; salted 75s to 765; g.a.q. 735. Cheese—Market slow. Quotations: New Zealand, white 45s to 4Gs; coloured 45s 6d; Canadian, spot white and coloured 58s to 60s. : MINEMEM PRICES ; ::li;~- \-iSOI LATH'S '1 ELF.U KA !■'■ .1 , WELLINGTON, March 7. The Dairv Board has fixed the imiui mum f.o.b.' and c.i.f. prices on the ba-r- of 9!d and s : [d, equivalent to butter at £3 15s lid c.i.f.e. and cheese at £2 r>s lid. ' RUBBER CROP ' DOMINION COMPANY'S | HARVEST i | THE PRESS Social .Service.'! ' DUNEDIN. March 7. The .secretaries of the Dominion ; Rubber Company have received advice from the estate that tne crop o. .•übber harvested for February was 1 42.0001b. j WAR LOAN STOCK •'i:i-.-i i.sii t.i-fn i ar. wiiiEi.r.ss.'i RUGBY, March 6. I British War Loan Stock. 3i per centis quoted:— ~ , j March (5 . . 1?5 10 0 I March 5 .. ™S 17 b I March 4 .. 106/ ' March 1 v .. 106 U 0