RESERVE BANK RETURN

Gisborne Herald, Volume LXVI, Issue 20050, 23 September 1939, Page 16

RESERVE BANK RETURN

STERLING £331 900 LOWER RISE IN ADVANCES “OTHER” CLASS £15,600,000 (Per Press Association.) WELLINGTON, this day. The Reserve Bank return for 'he week ended Monday, September 13, was gazetted on Thursday night. The statement is balanced at £32,639,09!). or £46,250 more than-at The dose of the previous week. • ;

The sterling exchange' reserve at £5,299.372 is £331,980 lower than on file previous Monday. The notes and demand liabilities are very little aPered in the aggregate. A decrease of €678,363 in the deposits of the trading banks is virtually balanced by incresses of £317,308 in ;th.e note issue, €306,805 in Government deposits, and €58,999 in other demand liabilities. The ratio is slightly lower at 26.365 per cent.

While advances to the. Primary Products Marketing . Department are £336,772 lower, those for other purposes have increased by- £750,000 to £15,600,000.

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 1938 Variation £ £ ' £ Notes D. posits— . . 10,423 13,500 +2.357 State . . 1,528 3,704 —2,170 Banks .. , . 12,249 5,943 +0.300 Exchange Advances— . . 5.299 12,247 —6,948 Produce 4.770 3,281 +1,489 Other .. . . 15,000 3.800 +11,800 Ratio (p.c.) . 20.305 03.853 —37.438