RESERVE BANK
Stg. Funds £50.9m For the first time since July of last year, the sterling exchange funds of the Reserve Bank have topped the £som mark. According to the bank, the funds rose £2.5m in the week to June 10 to £50.9m. It was the sixteenth successive weekly rise from £17.2m on February 2. Main items from the latest week’s return, with the previous week's figures, are as follows: Liabilities June 10 June 3 £OO9 £OOO Bank notes 80,781 81.298 Demand Liabilities— State .. 18,104' 21,171 Marketing .. 845 889 Tr. banks .. 64,988 63,061 Other .. 1,155 9SO Assets Reserves— Gold 244 244 Sterling exch. 50,858 48,429 Other exch. .. . 668 873 Investments— Overseas .. 24.473 24,347 In N.Z. ... 60,888 60,888 Advances — State .. 1.076 167 Market org’ns. 36.956 38,943 Other 375 21.965 Other assets 1,919 2,075
Mr N. Riach, sales manager for Canterbury and the West Coast for B.A.L.M. Paints (N.Z.), Ltd., will retire at the end of June. He will be succeeded by Mr D. W. S’tewart, who is at present trade market manager at the head office of the company, Lower Hutt.
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Bibliographic details
Press, Volume CIII, Issue 30469, 17 June 1964, Page 21
Word Count
180RESERVE BANK Press, Volume CIII, Issue 30469, 17 June 1964, Page 21
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