RESERVE BANK RETURN
STERLING £12,000 UP RISE OF ‘OTHER’ ADVANCES TOTAL NOW £16,250,000 (I*er Press Association.) WELLINGTON, last night. The Reserve Bank return for the week ended Monday, September 25, was gazetted last night. The statement is balanced at £33,370,919, or £731,220 more than at the close of the ( previous week. The sterling exchange reserve, at .95,311.080, is £12,308 higher in value than it was the week before. *\s notes and other demand liabilities have risen substantially in the aggregate. the rtitio lias falien from 26.365
per cent to 25.822 per cent. Advances to the Primary Products Marketing Department have decreased by £179,017, while those for other purposes are £050,000 higher. The principal items in this week's return are compared with those at the corresponding dale last year in the ' following table: —
(000's omitted) 1939 1938 Variation. £ £ £ Notes .. Deposits— .. 19.048 13.735 .-j-2.913 State .. 1.795 3,914 —2,119 Banks .. 12.574 5.380 -P7.188 Exchange Advances— 5,312 11,449 —6.137 Produce . . 4,593 3,159 CO Other .. 10.250 4,500 -)-ll,750 Ratio (p.c.) . . 25.822 GO.785 —34.963
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20056, 30 September 1939, Page 11
Word Count
168RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20056, 30 September 1939, Page 11
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