BANK OF ENGLAND RETURN

Dominion, Volume 13, Issue 205, 25 May 1920, Page 7

BANK OF ENGLAND RETURN

Landoni May 20, Tho Bank of England leturns for the week ended May 19 are lis follow: Issou Departjebni. Notes issued £111.313.000 Got. debt... £11,015,000 Other securiNotes in ' ties ... 7,134,000 reserve 19,130 000 Gold 111,904,000 f130.443.000 £130,443,000 Banking Department. . Proprietors' Gov. secimcapital ...£14,653,000 ties ... £38,515.000 Public de- Other teenrlposits - 20.061,000 tios 62,632,000 Other de- t . posits ... 101,360,000 Notes in Rest, 7-day , reserve ... 19,130,000 and other Coin in bills ... 3.185.000 reserve ... 011,000 £139,183.000 £139.188.000 The leading items of the Bank of England return afford the following com' purison:— ' ThiswoeV liastTveek Lastyear Bullion 111.M4.f100 111,99-2.000 83,925.000 Bcbovvo ... '20041X100 19,656,000 37.433.000 Note Circulation lIO.BSIjOOO 111,313.000 76.540.000 Public Deposits 20,051-000 21,423.000 26,104.000 Other Deposits 1C1,339/100 99,404.000 110.333.000 Proportion of reserves to liabilities 16.50 16.27 20.12 GOVERNMENT SECURITIES. Following are latest quotations for Imperial and Colonial Government securities:

ai-.v. This last . slook . Weak Week ' 11% Imperial Consols f'• <*' f=• d--5 „ War Loan ' "* 5 «« 0 21,. War Loan . m 2 55 5 ° Si „ Aus.-Oommonw'th H}: S 52,? 5 6J „ Aus.-Commonw'tii S? J? S Sw 2 r„N.a.W.I9MJan-Ms X VI n 35* N.8.W.1930-50 Ja-Jy ™ 0 0 5 „ N.B.W. 1555 Apl.-Oct !& J® X 5 0 4 „ Vio. 1920 Jan-July S „ S 800 80 0 0 f*'VTi 10M jo T«n ft,l 65 10 065 100 690° 59100 31 „fI.A. 1916 Jan.-July 67:0 0 67 0 0 J „ B.A. ISI6 Jaai.-July 40 10 0 49 10 0 4 „QTd 1915-24 Jan.-Jly §7 15 0 \8715 0 3J „Q1 d 1930-60 Mar-Au| 94 0 0 04 0 0 3 „ Q'l'd 1922-47 Jan.-Jlj 54 17 6 55 0 0 4 „ N.Z. 1529 60 10' 0 60 5 0 31 „'.N.Z. 1912-40 Jan.-Jfly (i 6 5 0 66 0 0 . 3 „ N.Z. 1920 Aprll-Oot. 67 C 0 67 5 0 31 „ W.A. 1915-35 My-Nv 70 5 0 70 5 0 J „W. A. 1915-35 My-Nov 08 0 0 68 0 0 31 „ l'as. 1920 Jan-July' 64 10 0 64 0 0 3 ~ Tas 1920-40 Jan.-Jiilj CI 0 0 61 0 0 MONEY MARKET. The Bank of England discount rate, which had stood at 5 per cent, since April 6.1917, on which dute it was reduced from 5} per cent., was rained to 6 per cent, on November 6, 1919, and to 7 per cent, on April 15, 1920. OPEN MARKET RATES. The open market raito for three months' bills is 61 per cent., as compared with 63 per cent, last week and 35 per cont. laßt year. ; Short loans are quoted at 61' nor cent., acainst 5J per cent, last week, and 31 por cent, last year. Tho value of exports from Ireland is increasing in remarkable proportion, owing to tho riso in prices (states a London "Times" message). Tho total exports in 1919 were valued at J2Ci,000,000, as compared with £21,000,000 in 1918. The export of poultry, eggs and feathers increased from J!3,600,000 to J!18,500,000. The standard of bank deposits had also increased. An extraordinary demand prevails for all dosses of gocds, including luxuries. Motors are replacing donkey carts. Owing to the fall in the price of silver, tho Federal Government has deoided to abandon tho proposal to ifsue five-shilling no toe,