RESERVE BANK

Evening Post, Volume CXXII, Issue 33, 7 August 1936, Page 12

RESERVE BANK

NOTE ISSUE RISING

STERLING EXCHANGE

LESS

DEPOSITS REDUCED

'Thje weekly statement of .assets and liabilities of the Reserve s ßarik of New Zealand, as., at the close of business on Monday, August 3, showing movements compared with the return for July: 27, is as follows:— : > liabilities. .-.•: •- . ■■"■■>•" '■'• ■■'"■' :f ;'-5.. O. ' £ General Reserve' Kund ... 1,500,000 0 0 Unchanged Banlc-uotes ....'.. 10,779,777 10 0 • ♦OOS 074 Demand Liabilities— (a) Stato. .... 6,271,270 111 2 t2,857,701 (b) Banks ... 0,042,937 0 I t329,704 (c) Other ... "--07.840 310 ■ tJ1,076 Other liabilities . 88,754 3 1 fS,S7U 10 2 t2,G43,13G ASSETS. ' : ■■ ■ £ s. d. £ . Reserve— '-."■• (a) G01d:....: 2,801,733 0 0 Unchanged (b) Sterling exchange '.. 19/183.157 H S t2,04G;191 Subsidiary coiu 191,374 13 It *1,180 Investments! ... '2,041,38119 S .'■ <:0.0G2 .Other assets .... 202,90s 12 0 T4.244 £24,750,355 10 '2 • f2,C43;13C fDecreaso. *Increase. Prbportiqn of '.reserve (reserve' less liabilities in currencies other than New Zealand currency), 96.089 per cent., compared with 96.523 for the week ended July 27. The return a year ago, as at August p. 1935. showed the following:— ' : . " ■ .. ' S S. (1. Paid-up capital 500,000 0 0 Ki-'aerro 1,000,000 0 0 Bank-notes 8,709,407 10 0 Demand Liabilities— State .....:...,. .11,523,838 1 3 "anks •• 4,078,243 17 8 Other , !*][) §35 j n Other liabilities \\\ " «3|039 10 G lieserve— £ old,. 2,801,782 10 0 Storlmg exchange 21,053,855 4 1 Investments 2.094,075 0 0 Other assets -i\fi'>\- 3 2 Ecserra to notes and other demand 07.1C

FOREIGN EXCHANGE RATES

Closing sight rates as quoted by the Bank of New South Wales, Wellington today, for buying and selling foreign currencies based on New Zealand currency, are;;as follows:— ■ • ' Buylnß. Sailing. Ne« Zealana on On demani On demand. LondoD—SN.Z. to £ stg. A^kua-SA-lo- £n I=3 10 ° 124 8 ' r.rfl-io-Eifivvov.-'.'o 1-7 r? 1:; >.ew York - Dollars in X-Z. 1. <1.07; i 4.02% Jlnnrreal—Dollars to E "N.Z. 1. 1.07£ 4.02% Austria— Schillings to £ 1. • — 20.95 Belsluol—BclOTS in £ XZ. 1 — 23.811 Czechoslovakia — t;ro\vns to SS.Z. 1. — 00.72 Denmark—Kroner to £ VZ. 1 IK 203 ' I7.'JU3 I'ranre—Front* to £ X.Z. I. ..: .. v — G0.09 Germany—Relchmarks to SN.Z. 1 — 9.903 JUnl In nd—Florins to £ X.Z. 1 — 5.500 Hava—Florins to £N.Z. 1 — 3.55S Nonrav—Kroner to £ N'-Z. 1 16.211 li.aoi Sw«den—Kronor to £ N.Z. 1 13.513 ].-i.noo Switzerland—'Francs' ■ to £N.Z. 1. — 12.281 Noumea—Francs to £ N.Z. 1. ' ~ — s<i.(ij Tiipeele—Francs to £ K-Z:-l ■.'. — '■ ' 50.T8 Hnajr Kone-r-S.Z. pence to 1 dollar ...... 17 23-32 19 9-32 India ; and Ceylon—JC:Z. • pence to 1 rupee .... 22 3-61 2JTi Janan— N.Z. poncd to 1 yen — 1759-IJI Shanehal—N.Z. peuce to 1 dollar ........:. 17 7-S2 IS 25-01 Elngaporo-^-N.Z. pence to I dollar 31 15-Cl . 35 15-32 The;above rates are for on demand transactions. The £1 is £1 in New Zealand currency. The rates are subject to.;alteration without notice.

Based on' the figures quoted by the Bank of- New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately:— £ s. d.' 0 15 1 .In. London. 1 0 1 In Austnitla. • 0 1« ti'S in U.S.A. 0 16 OK: in . Cnmulii. 0 9 .10 in J'-rnncc. ' 0 f) !i in Germany. 0 « 8 in Java. ;1 7 10vi in ■ Japan.