RESERVE BANK RETURN

Press, Volume XCV, Issue 28265, 1 May 1957, Page 17

RESERVE BANK RETURN

State Repays £3om Of Borrowings

The State repaid the Reserve Bank £3om in the week ended April 10. This is shown in the latest return from the bank, which shows deposits by the State £31.5m lower than on April 3. and non-marketing advances to the State £3om lower. The latest figure for these advances is £2om, which is £ 30.3 m below the figure a year earlier. “Other advances’’ fell £l.3m to £3.Bm, as a result of the repayment by France of part of the £sm advanced for wool purchases some years ago. This is the first time for at least three years that this item has fallen below £sm. Comparative weekly returns are as follows: Liabilities

Total .. .. 171,984 140,956 •Includes £27,786,000 invested in sterling securities

Apl. 3. Apl. 10 £000 £000 General reserve 1,500 1,500 Bank notes 72,850 73,748 Demand Liabilities— State 40,204 8,726 Banks 45,870 44,832 Other 1,242 1,830 Other currencies 45 50 Other liabilities 10,273 10,270 Total .. 171,984 140,956 Assets Reserve— Gold 6,162 6,162 Sterling exchange 36,345 36,174 Other exchanges .. 457 420 Subsidiary coin 642 639 Advances to State Market Acc. 297 297 Other purposes 50,000 20.000 Advances to market organisations 33,282 34,097 Other advances 5,039 3.764 Investments 38,173 •38,173 Other assets 1,588 1,231