BANK OF ENGLAND RETURNS

Dominion, Volume 13, Issue 199, 18 May 1920, Page 7

BANK OF ENGLAND RETURNS

~ __$ _ Australian-New'-Zealand Cable Association < London May 13. The Bank of England -returns for tho week ended Hay 12 are a'a follow;— ■• ISSUIS'DEPAIITSrENT. ■ .. Notes issued £111.813.000 Gov. debt...* £11,015,000 .Other 6ecuri.'Notes in ties' 7.434,000 reserve.. •■19.12800C1 Gold ....—111,»2,000 £130.441.000) : 4130.441,000 'Banking .Department. Proprietors' ' Gov. securlcapital ...£ 14,653,000 ties ... £ 38,455.000. Public da- Otborsecuri,posits ...-21.428,000 ties .60,444.000 .Other de- ' . posits »• 99,404.000 Notes in I Rest. 7-day ' reserve 19,138,000 and otber Coin in ... bills ... 3.170.000 reserve... 528,000 '-i 135.655.000 The lending items of the Bank of England return afford the following comparison:— . ' . ' ! . This week Last week Imstyear Bullion '... '•» 111,892.000 Ul-SBB.OOO Meserve ». 19.650,000 -19.854.091 27.537.000 Note Circulation 111.313.000101,116.000 76.487.000 Public -Deposits 21.428.C00. 20.650-OCO 22.807.000 Other Deposits 09.i105.000116.516.000111.479.000 Proportion of . '■ • reserves to i liabilities .: . 16.27 ' 14.47 20,50 GOVERNMENT SECURITIES. -.- Following are latest quotations for Imperial and Colonial Government -securities t

■MONEY MARKET- . Tho Bank of; England discount rate, which had stood at 5 per.cent, since April 5. 1917, on wh'ich date lit was reducedfrom si'per cent., was raised to 6 per cent, on November 6, 1919, and to 7 per >cent. on April 15, 1920. , OPEN MABKET KATES. The open.market rate for .three months' bills is il per cent.-as compared with 61 per cent, last week and 34 per 'cent, last year- ~ l Short, loans are quoted at 5n per cent., against 64 per cent. last, week, and 31 per cent, last year. OOM>NIAL AND OTHES PKODUCE. Owine to plentiful supplies cf homemade butter, the Multiple shop .companies are retailing it at 34d. ner lb. _: Consequently mnny''retailer are rcfusitw the Government allotments o£ .butter,, which are mostly blended and inferior -to this home-made. The trade anticipates an early reduction of the Government retail prire. probably to 31d. per lb. Wheat is quiet. Small quantities of Australian landed have btaen fold at 103s. lid., and ex Bhip at 102s. ' Flour is in steady demand. A'fair quantity has been allocated, ; Oats are firm. La Plata, on spot, 595. 3d. Beans aro quiet and unchautred. ' , Peas are Btcady. Tasmauian, 265. per owt. Siiffar is unohanged. ■ ■

1 6lock • Week, Week 3\"WarLoau :85 6 .0 84 0 0. 6J „ Aus.-Cominonw'tn ;£ £ «-ro^B , < „N.S.W.1933Jan-Jul5 SI -S" : » B »: ,»,».« J „K.f>.yir.l»$.Apl.-Oot 6010 0 \q is 0 ■4 „Vio. 1920 Jan-July 1% g %\l g 3i„ Vic. 1921-6 Jan-Jly 55100 65-7-6 .3S„8.A.1916Jau.-July 67 0 0 .66 10 0 "J „ 8.A. 1916 Jau.-July 4910 0 4910 0 ■4 ...Q'l'd 1915-84Jan.-Jly -57 15 0 67 5 0 ii „ QTdl922-47 Jnp.-Jly 64 0 0 65 0 0 ; 3i,,'QTdl9M-503Iar-Aui. si 0 0 94 .0 0 3 „jQTd,192M7Jan.-Jlj 55 0 0 5610 0 4 „ N.Z. 1929i[ay-flov. 80 5 0 .60 0 .0 3i „N.Z. 1912-40 Jan.-Jly 66 .0' 0 ,66 0-0 I „ N.Z.i920 April-Oct. 57 fl 0 57 5 0 .31„ , W.AVlS15-35-lTy-]!rv 70 5 0 TO 0 0 3 „W.A. 1915-35 My-Nov 68.0 0 68:10 0 ii „ Tas. 1920 Jan-July . -64 0 0 :64 0 0 S- „TaslWO Jan.-Julj 61 0 0 ,63 0 0