RESERVE BANK RETURN
DECREASED STERLING FALL OF £919,000 SHOWN MARKETING ADVANCES UP The Reserve Bank return for the week ended Monday, November 27, has been issued. The statement is balanced at £35.209,454. or £670,290 less than at the close of the previous week. The sterling exchange reserve, which showed an increase of £1,750,042 the week before, has decreased by £919,185 to £6,624,585. Although notes and other demand liabilities have decreased by some £690.000, the ratio has fallen from 30.634 per cent to 28.477 per cent. Advances to the Primary Products Marketing Department are £347,303 higher, while those for other purposes ■ have decreased by £50,000. The principal items in last week’s return are compared with those at the corresponding date last year in tire following table: —
<OOO’s omitted) 1939 1938 Varia- £ £ lion. • £ 1 Notes . . . 17,435 44.587 -j-2,848 Deposits— State . . 1,985 2,998 — 1,013 Banks . . 13,431 51135 -1-8,296 Exchanges .. 6.025 4,828 +4,797 Advances — Produce . . 5,582 5,022 + 500 Other . . 1(1,075 8,500 +8,175 Rapo (per cent) 28.477 32.085 —4.208
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20111, 4 December 1939, Page 12
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164RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20111, 4 December 1939, Page 12
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