RESERVE BANK
STERLING £294,457 INCREASE IN ADVANCES TOTAL £526,000 GREATER (Per Press Association.) WELLINGTON, last night. The Reserve Bank return for the week ended Monday, October 9, was gazetted last night. The statement is balanced at £34,663,427, or £700,444 more than at the close of the previous week. Sterling exchange, at £5,633,160, is £294,457 higher in value than it was the week before. Notes and other demand liabilities are in the aggregate £700,000 higher. The ratio is 25.847 per cent, compared with 25.473 per cent the week before. Advances to the Primary Products Marketing Department are £51,234 higher than in the previous return. Other advanaces, at £17.275,000, are £475,00 greater. 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 16,993 13,874 +3,214 Deposits— State 1,995 2,825 -830 Banks .. 13,403 4.877 +8,526 Exchange .. 5,633 9,960 -4,327 Advances— Produce 4.916 3,247 +1,669 Other 17.275 4,600 + 12,675 Ratio (p.c.) 25.847 57.903 -32.056
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20068, 14 October 1939, Page 8
Word Count
167RESERVE BANK Gisborne Herald, Volume LXVI, Issue 20068, 14 October 1939, Page 8
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