RESERVE BANK

Dominion, Volume 28, Issue 91, 11 January 1935, Page 12

RESERVE BANK

Assets and Liabilities LAST WEEK’S POSITION The twenty-third weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at close of business on Monday, January 7. 1935. is as follows:— LIABILITIES—

£ s. d. 1. Paid-up capital 500,000 0 0 2. General Keserve Fund 1.000,000 0 0 3. Bank-notes 9,732,339 0 0 4. Demand liabilities — (a) State 7,052.75 S 17 2 (l>) Banks 5,575,503 IS 3 (c) Other . -1,903 9 2 5. Time deposits — 6. Liabilities in currencies other than N.Z. currency — 7. Other liabilities 45.247 10 11 36.933,802-15 0 ASSETS—8. Reserve—(a) Gold 3,001,731 0 0 (b) Sterling exchange 21,938,273 13 5 (e) Gold exchange. ... — 9. Subsidiary coin 94,170 12 4 10. Discounts—(a) Commercial and agricultural bills — (b) Treasury and local- • body bills — 11. Advances — (a) To the State or State undertakings ' — (b) To other public ' authorities — (c) Other — 12. Investments 1,879,207 IS 1 13. Bank buildings — 14. Other assets 20,419 11 8 £20,933,802 15 6 Proportion of reserve (No. 8 less No. G) to notes and other demand liabilities, 98.24 per cent., which is unchanged from December 31. Ou December 24 the proportion was 98.38 per cent. A decrease of £153,746/16/5 is shown in sterling exchange, which has been reduced to £21,938,273/13/5. Gold remains unchanged at £3,001,731. Subsidiary coin at £94,170/12/4 shows an increase of £470/17/1. Investments at £1,879,207 18/1 show an increase of £7096/12/3. Other assets have decreased by £2899 7/9 and now stand at £20,419/11/8. On the liabilities side'the note issue at £9752,389 shows a decrease of £19,890. Government deposits at £7,052,758/17/2 show an increase of £359.671/19/11, and trading banks’ deposits at £8,575.503/18/3 are lower by £496,195/5/1. Other demand liabilities have decreased by £994 16/6 to £490/0/2. Other liabilities stand at £48,247/10/11. an increase of £8329/6/10. The statement balances at £26,933,802 15/6, a decrease of £149,078/14/10. DEALINGS ON ’CHANGE 3* Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges mentioned:— . WELLINGTON.

DIVIDEND, 5| PER CENT.

N.Z. Refrigerating Company

By Telegraph.—Press Association. Christchurch. January 10. The annual accounts of the New Zealand .Refrigerating Co-. Ltd., will be issued to shareholders shortly showing tin amount of £124,170/4/2 available for appropriation, including £33,217/12/8 brought forward from last year. _ The directors recommend a dividend )f 51 per cent., to transfer to reserve account £40,000. to rebuilding reserve £20,000, and to carry forward £29.173 3/2. The New Zealand Refrigerating Company for the year ended October 31, 1933. paid a dividend of 5 per cent., their net profit being £79,994. Xn dividend was paid in 1932. Comm. Bank of Sydney The Commercial Banking Company of .Sydney Ltd. has advised the Stock Exchange Association that its transfer books and register of members will be closed from January 22 to January 29, both days inclusive. Transfers for registration in the Sydney register prior io such closing should be lodged before 3 p.m. on Thursday, January 17 Mining Trust Ltd. The Mining Trust Ltd.. London, whi :h has a controlling interest in Mount Isa Mines Ltd. and a large share holding ’» New Guinea Goldfields Ltd., shows, an exdess of revenue over expenditure of £96,770 for the year ended June 30. compared with £44,487 for the previous year. A principal item of income was £67.773 received in interest on more than £900.000 debentures held in Mount Isa Mines Ltd. After writing down investments- and advances by £245.049. making a total writing down of £420.176 in two years, the debit balance carried forward is increased to £295,372 from £147,093 on the year.

£ 8. d. Inscribed Stock, 31 p.c., 1938-43 100 0 0 Ditto, 3) pm„ 1038-52 100 5 0 Ditto, 4 P.C., 1940 103 10 0 ' Ditto, 4 p.c., 1940 105 15 0 Ditto, 4 p.c., 1949 107 0 0 Ditto, 4 p.c., 1955 100 10 0 Ditto, 35 p.c., 1041 Bank of New Zealand 101 5 0 2 9 0 Goldsbrough Mort *1 10 3 N.Z. Refrig., 10/- paid •0 10 3 N.Z. Breweries (2) *2 12 0 Dlto ♦2 12 7 Ditto -. 2 12 6 British Tobacco •2 0 3 Big River 0 2 10 ’Date sale Wednesday AUCKLAND. Government bonds, 4 p.c., 1940 £ s. 105 10 d. 0 Comm. Bank of Aust 0 10 5 Bank of New South Wales 31 15 0 Bank, of New Zealand 2 9 0 Dom. I. and B 0 10 6 Northern Steam 0 0 10 Colonial Sugar 42 12 0 Consol. Brick 0 10 3 Milne and Choyce, pref 1 3 0 N.Z. Newspapers 1 12 0 Ditto 1 12 o Skippers O 0 8 Walhi 1 1(1 0 Unlisted— Silknit 2 0 c Woolworths (Syd.) 4 2 0 CHRISTCHURCH. Bjnk of New Zealand £ s. 2 9 (1. 0 N.Z. Breweries 2 12 10 Ditto 2 13 0 Ditto 2 12 9 Ditto 2 12 8 Ditto (2) 2 12 7 Amalgamated Wireless, con. (2) 2 J 0 British Tobacco 2 0 0 N.Z. Newspapers 1 12 0 Alexander Mines, 15/- paid .... 0 10 0 Ditto, 15/- paid 0 1G (> Brian Boru '......... 0 0 9 Goldfields Dredging (2) 0 0 84 Mossy Creek (2) 0 2 3 Ditto (2) 0 2 1 Mount Lyell 0 17 0 Rawang Tin O 7 10 Skippers ' 0 0 8 Sales reported:— Bask of New Zealand 2 9 0 N.Z. Refrig., 10/- paid Skippers (2) 0 10 4 0 0 8 Unlisted Maori Gully (4) 0 1 0 Woolworths (Syd.), ord. (2) .. 4 1 9 DUNEDIN. National Insurance £ s. d. 1 1 7 P. & O. det, stock 1 0 G Gillespies Beach • 0 1 0