FINANCE & COMMERCE

Dominion, Volume 36, Issue 22, 21 October 1942, Page 8

FINANCE & COMMERCE

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares in’each lot being shown iu the case of

x Ex dividend. AUCKLAND. War Loan, J/8/51-54, 3 p.c., £99/10/-; Commercial Hank. J4/S; National Bank ot N.Z.. 45/3; Bank N.S.AV,, £29/15/-; Union Steam (pref.), 48/-; Bartholomew, 20/-; Australian Consolidated Industries, 48/-: Milne and Choyee, deb. stk., 18/0; Sanford (pref.), 18/0; Woolworths (Syd.), 15/9. Unofficial ; list: Christchurch “Press,” £B/10/-. CHRISTCHURCH. National Mortgage A, 30/0; Bank of N.Z., 40/-. , DUNEDIN. N.Z. Refrig (coni.). 10/3: Australian Consolidated Industries, 48/-: Imperial Chemicals (pref.), 24/6. RESERVE BANK Note Issue Higher The sterling exchange funds of the Reserve Bank on October 12 totalled £26,352,926, an increase for the week of £212,018 The note issue at £27,163,833 has increased by £241.261. The statement, as at Monday, October 12. is as follows:—

£( N.Z.) 62,732,881 19 3 Proportion of reserve to notes and other demand liabilities 48.502 per cent , compared with 48.472 per cent, on October o Tlie reserve on October 12 amounted to £28,1)63,772, an.increase of £58,617. A year ago the reserve was £17,357,766. Sterling exchange on October 1- amounted to £26.352.026. compared with £-6.140.1)08 on October 5, an Increase of £212.018 Liabilities in currencies other than New Zealand, currency were £L)I,O,>I tan increase of £153,101), tlius making the bank's net overseas assets €-0.t61.8J.>. an increase for the week of £,>S,bL. A je.ir ago these assets totalled £.14,.x>0,8J-. Advances to I lie State Marketing E»e)>.irtinent total £3,538,073. an increase of £377,057 A year ago they sfootl at. £,u.10-.700. Advances to the State for oilier purposes arc unchanged at £24,300,000, against £13.500,(X)0 a year ago. . The note issue on October 1- totalled £‘27.163,838. an ■ increase for the week of £241,261. A year ago it stood at £—.l*s,17 Demand liabilities to tlie State amount to £10,324.048, a decrease of £11,6,3. Ilie trading banks’ reserve balances total £-L--40“ 845. an increase of £207.623. Ollier demand liabilities at £826,355 have decreased bv £430.016. t 'The statement balances at £6-,iJ-.ao-. an increase of £232,003. Gold Mining Barrytown, lOOoz. for 218 hours from 78,000 yards; Kanleri. 35-loz. for -03 from 72,000 yards; Arahura, 4V6oz. for -06 hours from 05,000 yards.

Nat. Bank Of Australasia, Ltd.

The board of directors of the National Bank of Australasia. Ltd., has decltled .0 recommend to shareholders, subject to audit, the payment of a d vidend for t e six months ended September 30 last at the rate of 5 per cent, per annum. Iransfer books close November 12 to November 25 inclusive.

Wellington WELLINGTON. No. of Sale price. shares. £ s. d. 950 3 p.c. Inser. Stock, 1/8/5154 2. 90 Iff' 0 400 Comm. Bank of Aust. . 0 14 8 400 3 p.c. Inser. Stock, !/8/<>l54 99 10 0 99 10 0 1170 N.Z. Guarantee Corp. .. xO 2 11 1 9 6 150 lluddart, Parker 5 6

LIABILITIES. General reserve fund LuOojlOO 6 0 Bank notes Demand liabilities — 27,103,838 10,324,017 0 0 (a) State 12 8 (b) Banks 21,402,845 6 6 826,354 15 Liabilities other than in 9 Other liabilities 1,324,764 15 1, £(N,Z.)O2,732,SS1 19 3 ASSETS. Reserve — (a)Gold .. . 2.S01,877 10 0 (b) Sterling exchange . 26,352,925 28,200 6 'Subsidiary coin Advances — 3 (a) To the State 3.538.072 12 (1) Marketing Dept. . (2) For other purposes 9 24,300,000 0 0 4,150.309 1,561,405 IS 4 Other assets 10 5