RESERVE BANK RETURN
STERLING HIGHER RISE IN ADVANCES TOTAL INCREASED £107,000 (Per Press Association.) WELLINGTON, last night. The Reserve Bank return tor the week ended Monday, August 23, was gazetted last night. The statement is balanced at £32,140,439, or £175,427 more than at the close of the previous week.
The sterling exchange reserve, at £5,690,203, is £237,313 greater than the week before. The aggregate level of notes and other demand liabilities is £174,937 higher than on the previous Monday. The ratio has risen from 27.473 per cent to 28.112 per cent. Advances to the Primary Products Marketing Department are £7838 higher, while those for other purposes have increased by £IOO,OOO. There has been a fall of £203,757 in the level of investments.
The principal items in this -week’s return are compared with those at the corresponding date last year in 'he following table:—
(000’s omitted) 1939 1938 Variation £ £ £ Notes .. 15,802 13,096 +2,106 Deposits — State 1,451 3,992 —2,541 Banks .. . 12,582 6,488 +6,094 Exchange .. 5,690 13,695 —8,005 Advances— Produce .. 5,784 3,734 +2,050 Other .. .. 13,850 2,900 +10.950 Ratio (p.c.) .. 28.112 67.174 —39,01
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20032, 2 September 1939, Page 10
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179RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20032, 2 September 1939, Page 10
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