TRADING BANKS

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

TRADING BANKS

Monthly Return For November

SOME MARKED CHANGES A number of important changes are shown in the summary of the trading banks’ monthly returns as at close of business on Monday, November 26, 1934, when compared with those for October 2J, ’ 193-1. The returns, which are furnished • to the Reserve Bank in accordance with section 46 of the Reserve Bank of New ■ Zealand Act, 1933. were gazetted last night. . The aggregate figures for the six trading banks, expressed in New Zealand currency, are as follow : — CREDIT. £ (a) Demand liabilities .in New Zealand 23.830.044 (b) Time liabilities in New Zealand ; .B,<Xw,o6u (c) Demand liabilities elsewhere than in New Zealand incurred in respect of New Zealand business . :>l2,_u< (d) Time liabilities elsewhere than in New Zealand incurred in respect of New Zealand business 80J,400 (j) Notes of own issue in circulation payable in New Zealand 1,846,29. Totals 64.918,568 DEBIT. r £ (e) Reserve balances held in the Reserve Bank of New Zealand 10.i3t,491 (f) Overseas assets in respect of New Zealand business—(l) In London .. 10,120.868 (2) Elsewhere than in London 9.069,119 (g) (1) Gold and gold bullion held in New Zealand .... (2) Subsidiary coin held in New Zealand .. 609,0-o (b) Advances and discounts in New Zealand 44.417,637 (i) Reserve Bank of New . Zealand notes a,oOJ,UO.i Totals 80.323.943 The trading banks’ own notes in circulation, payable in New Zealand, were further reduced during the four weeks by £360,008, a total reduction since July 30, 1934. of £4,373,944. The total note circulation at November 26 was £6.088.770, compared with £6.040,968/10/- on October 29, an increase of £48,801/10/-. , L The demand liabilities of the trading banks in New Zealand as at November 26 (current accounts, etc.) stood at £-3,835,044, a reduction of £189.986, compared with those on October 29. Time liabilities in New Zealand at November 26 stood at £58.065,565, a reduction during the four weeks of £980,172. The demand and time liabilities in New inland totalled £61,900,609, a reduction of £1,170,158. , v Demand liabilities elsewhere than in New Zealand incurred in respect_of New Zealand business stood at £312,257, an increase of £113,663, though on August 27 they stood at £5,148,764. Time liabinties elsewhere than in New Zealand incurred in respect of New Zealand business totalled £850,405. compared with £818.095 on October 29, an increase of £41.310. , , „ Reserve balances held in the Reserve Bank of New Zealand on November 26 totalled £10,737,491, compared with £12,676.765 on October 29, a reduction ot £1,938.274. Total overseas assets in respect of New Zealand business at. £19,189.987 show a decrease of £253,394. all in London, assets elsewhere than in London showing an increase of £120,305 ; , Advances and discounts in New Zealand total £44,417,637 compared with £43.539.544 on October 29. an advance during the four weeks of £875,093. The ratio of advances and to total deposits in New Zealand at November 26 was 71.77 per cent., compared-with 69.03 per cent, on October 29. 63.65 per cent, on September 24, and 62.09 per cent, on August 27. GRAIN AND PRODUCE Australian Markets Bv Telegraph.—Press Assn. —Copyright (Received January 10, 7.50 p.m.) Sydney. January 10. Wheat at country sidings in quoted at bagged and bulk 2/- and 1/11, which ,equal to about 2/7 ex trucks, Sydney. New season’s is Quoted at 2/lOj, trucks. Sydney. , Flour. £9/17/6 a ton Bran, £o Pollard. £5/5/-. Potatoes. Tasmanian. £l4 a ton; Victorian. £11: local, £l3/10/-. Onions. Victorian. £ll/10/- a ton. Maize, o/- a bushel. Adelaide, January 10. Wheat, growers' lots, new season’s. 2/74 a bushel: old crop. 2/51. Flour, bakefis’ lots. £7/10/- a ton. plus tax. Bran.'£s. Pollard. £5/2/6. Oafs. Algerian, 1/10 a (jusbel. Barley. 2/1 and 2/9. GOLD MINING . _— j Mataki Return By Telegraph.—Press Association Auckland, January 10. The Mataki Gold Dredging Ltd. reports during week ended December 23 that the dredge worked for_l37 hours for <i return of 17oz. 15dwt. 15gr. Golden Arrow Dividend Dominion Special Service. Dunedin. January 10. ■ The Golden Arrow Gold Mining Company. a private company which operates <i claim near Arrowtown, reports a washup of 240 z. It is also announced tint the directors have decided to declare a dividend of 50 per cent., equivalent to 1/- per share. The company has been operating almost two years and this 's the first dividend declared. Colombo Tea Auction ■ " ■ ‘4 By Telegraph—Press Association Dunedin. January 10. Mr. L. M. Wright h.is received the following cabled report on the Colombo tea auction of January 8: Fine kinds were dearer, while nil other grades showed a much firmer tendency. The quality of offerings showed much improvement on the previous sale. A total quantity of 2,710.0001 b. has been catalogued for the sale next week.