BANK OF ENGLAND RETURN

Dominion, Volume 14, Issue 280, 20 August 1921, Page 10

BANK OF ENGLAND RETURN

» — Australian-New Zealand Cable Association. (Rec. August 19, 9.55 p.m.) London, August 18. The Bank of England return for the week ending August 17 is as under:— Ts-«vr DnrsnTMKNT. Notes issued 4138 235,000 Gov. <)ebt... 411.015.000

government securities. Following are latest quotations for Imperial and Colonial Government lecurltm.

MONEY MARKET. Tho Bank of England discount rate, which was raised from 6 per cent, to 7 per cent, on April 16. 1920, was reduced per cent, last year to 61 per cent, on April 26, 1921, further reduced to 6 per cent, on June 22, 1921, and again reduced to 5) per ce-nt. on July 20, 1921. OPEN MARKET RATE. The open market rate for three months’ bill is nominally 4? per cent., as compared with 42 per cent, last week and 68 per cent, last yeta. abort loane quoted at 4 per cent., as against 4 per cent. last week and 5? MINING NEWS WELLINGTON SHARE MARKET. The only quotation recorded in the mining market yesterday was us under:— Buyers. Sellers. £ s. d. £ s. d. Waihi 10 9 - PRIORS OF MET’vL (Rec. August 20 1 n.mj. London, August 18. Copper—On spot. £67 6s. 3d. per ton; forward, £67 16s. 3d. Lend—On spot, 23 12s. 6d ; forward, £23 2s. 6d. Spelter—On snot. £24 12s. 6d.; forward, £25 ss. Tin.—On spot. £l5l 12s. 6d : forward, £153 2s. 6d. Silver.—3JJd. par ounce standard. STOCK EXCHANGE. By Telegraph —Press Association. Auckland, August 19. Sales:—South British. 36s 3d.: New Zealand Insurance, 295. 3d.: Bank of New Zealand. 49:i.; Government Loan. £92; Auckland Gas (paid). 235.; National Insurance, 64». Christchurch, August 19. Sale:—National Bank. £5 10s Dunedin, August 19. Sale:—Bank of New Zealand, 48s. 9d.

Notes in reserve 18.798-000 Other eeouritioa Gold 7.4*14,000 126.584.0 0 — —.—_• £145.033.000 £145,038.000 Banking Dkpabtmf.nt. Proprietors’ capital ...£14,553,000 Gov. Becuntiea £57,740.000 Public daOther securi79.525.000 posits ••• 17.285.000 ties .1 ••• Other denoaits ...122.547.000 Notes in 18.798.000 Rest, 7-day reserve ... and other Coin in 1.884,OCO l.illa ... 3.503.000 reserve ... —_ — ..—— £157,687,000 £157,887-000 The leading items of the Bank of England return afford tho following comparison:— This week Last week Last year £ £ £ Bullion ••• ••• 123,084 000125 555.000 131.533.000 Reserve ... 20.522,000 19.256.000 16 667.000 Note Circulation 126 235.000127,564.000 124.845.(0 Public Deposits 17.285-000 18 250-000 16.116,000 Other Deposits 122.547.000114.197.000 117,135-000 Proportion of reserves to 14.56 12-52 liabilities 14.75

Stock This Last Week Week »'% Imperial Coaaols £ 1. £ «. 48 5 0 48 10 0 6 War Loan 88 0 0 68 5 0 1} War Loan 66 10 0 go 10 0 „ Auf.-Commonw th os 15 0 9C 0 0 5$ ,, Aus.-Commonw th 95 a 6 05 10 0 < „ N.B.W.1933 Jan-Jul} 77 10 0 77 0 0 5 .. N.S.W. 1K3 Apl.-Oot 87 15 0 88 0 0 Ji N.S.W.1S30-60 Ja-Jy 03 7 6 63 12 6 5?NSW 1922-32, May-N 96 10 0 96 10 0 61.. NSW 1930-40.Fc-Au 31 „ Vic. 1921-6 Jan-Jly 103 88 15 •2 0 0 102 15 88' 5 0 0 31Vic. 1929-49 Apl.-Oct 66 2 6 64 10 0 J „ Vic. 1929-49 Jan.-Jal 57 0 t 57 0 0 3J „ B.A. 1935 Jan.-Jly 3 S.A. 1916 Jan.-Jly 68 10 (1 68 9 6 62 10 0 62 10 0 i „ QTd 1924 Jen-Jly-U Q’i'81929-47 Jan.-Jly 17 60 0 6 0 90 0 SO 0 0 0 3* ., Q’ld 1922-47 Jan.-Jl; 56 10 0 56 10 0 I N.Z. 1.9',’.') May-Nov. 85 7 6 65 12 6 n N.Z. 1940 Jan-Jly 60 17 6 70 0 0 3 .. N.Z. 1920 Anri 1-Ont. 60 15 0 60 12 6 IJ .. W.A. 19’8-35 My-Nv 71 17 6 72 fl 0 t 1».A. 1915-35 My-Nnv 68 n (J 68 2 6 H .. Tas. 1920-40 Jan-Jly 69 15 0 «s n 6 3 „ Tas 1920-40 Jan.-Jaij 63 0 0 63 0 0