RESERVE BANK RETURN
STERLING £15,936 HIGHER INCREASE IX ADVANCES RISE OF £.1,520,000 (Per Press Association.) WELLINGTON, this day. The Reserve Bank return for the week ended Monday, July 24, was gazetted on Wednesday. The statement is balanced at £30.844,772, or £1,516,196 more than at the close of the previous week. An increase of £15,936 in the value of the sterling exchange reserve has been more than counter-balanced by a rise, in the aggregate, of some £1,500,000 in the level of notes and other demand liabilities. As a result the ratio has decreased from 30.379 to 28.852 per cent. There has been an increase of C! .520,000 in the total of advances, the “other purposes” item accounting for £1,350,000 of this amount. The remaining £170,000 rise is in advances to the Primary Produce Marketing Department. The principal items in this week s return are compared with those at the corresponding date last year in the following table: — (000’s omitted)
1939 1933 Variation Notes 15,575 iV 13,504 -(-2,011 Deposits— Sta'e 2,200 3,710 —1,504 Banks 10,905 7,775 -(-3,190 Exchange .. 5,590 15,100 —9,510 Advances — Produce 5,575 4,166 -(-1.409 Other 12,650 1,900 + 10,750 Ratio (p.e.). . 28.852 70.57 CO i
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19390729.2.157.1
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20002, 29 July 1939, Page 10
Word Count
194RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20002, 29 July 1939, Page 10
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in