RESERVE BANK

Dominion, Volume 28, Issue 103, 25 January 1935, Page 14

RESERVE BANK

Assets and Liabilities LAST WEEK’S POSITION The twenty-fifth weekly statement of assets and liabilities of the Reserve Bank of New Zealand as at close of business on Monday, January 21. 1935. is as follows:

ASSETS—8. Reserve—(a) Gold 3.001.731 0 0 (b) Sterling exchange 21,830,433 0 5 <c) Gold exchange — 9. Subsidiary coin 190,210 19 7 10. Discounts—(a) Commercial and agricultural bills . — (b) Treasury and local body bills — 11. Advances— . (a) To the State or State undertakings — (bj To other public authorities — (c) Other — 12. Investments „ 1.9G0.711 14 2 13. Bank buildings — 14. Other assets 2G.1G4 10 9 £27,038,237 4 11 Proportion of reserve (No. S less No. 6) to notes and other demand liabilities, 97.53 per cent., compares with 98.18 per cent, on January 14. Sterling exchange has been further reduced by £61.208/3/1, and now stands at £21,859,433/0/5. Gold coin remains unchanged at £3,001,731. There is an increase of £101.381/14/8 in subsidiary coin, which now stands at £190,216 19/7. Investments at £1,960,711/14/2 show an increase of £63.048/8/5. • Other assets have increased by £2821/8/5. and now stand at £26,164/10/9. On the liabilities side the note issue at £9,570.293 shows a further decrease of £53,137. Government deposits at £7,909.758/12/6 show an increase of £346,143/13/3. and trading banks deposits at £8.002.906/15/9 are lower by <£190,807/18/1. Other demand liabilities have increased by £2516/19/7 to £5723 7/8. Other liabilities stand at £49.575 9/-. an . increase of £1327/13/8. The statement balances at £27.038,257 4/11, an increase of £106,043/8/5. DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges mentioned :— WELLINGTON.

SYDNEY STOCK EXCHANGE Banks & Breweries in Demand By Telegraph.—Press Assn.—Copyright. (Received January 24. 10.5 p.m.) Sydney, January 24. ' On the Stock Exchange banks and breweries were in better demand to-day at prices around late levels. _Sales: Bank of New South Wales, £3l 15/-; Commercial Bank of Sydney, £l7 15/-: National Bank, £lO paid, £l3/5/-; Bank of New Zealand. 51/-; Howard Smith. 17/-; Burns Philp, Cl/-; Australian Gas, A, £B/2/6. British Tobacco, 39/3; Tooths. 51/3; Tooheys, 30/3; Carlton Brewery. 54/-; Australian Glass, 64/-; Goldsbrougil Mort, 30/-; Morris Hedstrom. 19/11; Henry Jones, 36/(1; Anthony Hordern, 19/3: Millaquin Sugar, 3G/C: General Industries. 14/3: United Provisions, 8/10. Mount Morgan. 39/101; Mount Lvell, 16/74; North Broken Hill, 99/-; Rawang, 7/10: Euratha. 7/5: Placer Development, £27/10/-. Morning sales included: Commonwealth bonds, 4 per cent.. 1944, £108: National Bank. £lO paid. £l3/5/-; Bank of New South Wales, £3l/12/6: Tooths, 51/3: Associated News, 24/3; Broken Hill Proprietary, 54/3; British Tobacco, 39/2: Burns Philp, 64/-; Burns Philp, South Sea, 25/9; Lustre. 28/3; Morris Hedstrom. 19/-. Melbourne. January 24. Sales on the Melbourne Stock Exchange to-day included : Commercial Bank of Australia, 17/-; British Tobacco, .19/6; Mount Lyell, 16/9; National Bank, £-j paid, £C/8/-.

£ s. <1. LIABILITIES1. Paid-up capital 500,000 0 0 2. General reserve fund . 1.000.000 0 o 9,570,293 0 0 4. Demand liabilities— 7,909.758 12 6 (b) Banks 8.002.906-15 9 (c) Other 5,723 7 S 5. Time deposits — G. Liabilities in currencies other than N.Z.- -— 7. Other liabilities .40,575 9 0 27,038,257 4 11 £ js. d.

Bank of New Zealand Reserve Bank £ s. d. 2 10 10 6 13 0 N.Z. Refrig., £1 paid, cum div. . . Farmers’ Trading 1 1 ,1 () 7 8 Unlisted: Woolworths (Syd.) 4 12 0 Ditto *...., 4 13 (j Ditto 4 13 Ditto 4 13 G AUCKLAND. Inscribed Stock, 31 p.c., 193S-52 £ 8. 100 15 d. 0 Ditto, 31 p.c., 1939-52 106 17 6 Ditto, 4 p.c,. 1955 109 0 0 Bank oj! New Zealand (2) 2 10 G Reserve Bank 0 13 4 New Zealand Insurance 3 10 9 Colonial Sugar 41 10 () Dominion Fertiliser 1 1 0 Farmers’ Trading 0 7 7 Ditto, B pref 0 14 Hill and Plummer 0 15 0 Morris Hedstrom 0 IS 4 Big River (1 •> 0 Mahakipawa 0 1 0 Mataki 0 2 0 Talisman Dubbo 0 10 6 Waihi 1 in 4 Unlisted K.D.V. Boxes (. <1 14 3 Alluvial Holdings 0 2 CHRISTCHURCH. Comm. Bank of Aust., cum div. £ s. 0 16 <1. 6 Ditto (3) 0 16 Bank of New Zealand 2 10 0 Ditto 2 10 8 N.Z. Refrig., £1 pd,. cum div. (21 Ditto. 10/- paid, cum div. (5) 1 1 1 0 10 1 Timaru Brewery. 7/0 paid .. . 0 8 4 Anthony Hordern 0 11) 0 Beath and Co., 1/- paid 0 1) British Tobacco 1 IS 10 Dunlop I’erdriau 0 11) Electro. Zine, ord 1 1 6 N.Z. Newspapers 1 10 0 “Sun" Newspapers (3) 0 5 1 Bell Kiigour 0 0 1 Big River (3) 0 1 10 Gillespie’s Beach 0 1 8. Goldfields Dredging 0 0 King Solomon 0 3 4 Maori Gully 0 1 5 Mahakipawa (1 0 11 Ditto (4) 0 0 111 Ditto 0 0 11 Rawang Tin 0 7 11' Ditto 0 7 11 Sales reported: Comm. Bk. of Aust., cum div. (2) 0 16 6 Reserve Bank 0 National Insurance 1 2 -1 N.Z. Refrig., £1 pd. cum div. (3) 1 1 Mount Morgan 2 0 0 Stafford Sluicing 0 1 0 Waihi 3 Unlisted: Argo Gold. lOJd. paid 0 1 5 DUNEDIN. Bank of New Zealand 2 10 d. 6 Ditto, D mort i it) 0 Westport >Coai 1 2 ' 0 Kalapol Woollen, ord 0 15 Bell Hooper 0 0 1