UP TO THE LIMIT.

Evening Post, Volume CVIII, Issue 136, 5 December 1929, Page 12

UP TO THE LIMIT.

As a footnote to the address to shareholders of the Bank of New South Wales by the chairman, Mr. Thomas Buckland the 'Sydney Morning Herald" publishes the aggregates for all banks, 21 in number, including, the two foreign banks operating m Australia. These statistics emphasise what the statistics of the leading banks made plaiu, that accommodation by the banks has been granted up to the'limit. With deposits amounting to £321,907 000 advances and bills discounted (other assets) amount to £298,222,000, and Government and local government securities to £37,764,000, making total loans £335,986----000, or £13,019,000 in excess of deposits. It is evident that considerable funds have been transferred from abroad for use in Australia.

*And cash with Commonwealth Bank. For the quarter ended 30th June liabilities were £353,118,441; assets, £389,612,----343.

Quarter ended 30th Sept., 30th Sept. 1928 1929. . £, £ Liabilities— £° tes 200,151 199,724 BiHs ' •■-•■•■ 3,741,251 3,877,698 Due to banks .... 12,344,805 9,538 702 DepositsBearing int 185,397,990 202,754 571 No' int 125,807,701 119,213 04^ Other 7,162,705 8,524 200 :otal 334,054,603 344,107,93! Assets— g°j" ••• 20,501/703 25,070,735 Bullion •. 185,910 148,557 Aust. notes* 28,603,382 24,333,834 Govt. sec 30,258,963 37,763,946 Landed property . 7,549,477 8,051686 Due from banks . 6,376,359 5,418 059 Bills of banks .... 1,956,738 2,124,850 Other 263,588,276 298,222,448 Total 371,029,814 401,140,11 i