RESERVE BANK
STERLING £243,000 UP NOTE ISSUE £455,800 PRODUCE ADVANCE DOWN The Reserve Bank return for the week ended Monday, December 11, has been gazetted. The statement is balanced at £35,559,830, or £346,162 more than at the close of the previous week. The sterling exchange reserve, valued at £6,204,734, is £243,064 higher than on the previous Monday. Notes and other demand liabilities are £538,436 greater in the aggregate than the week before. The ratio has risen from 26,634 to 26.933. Advances to the Primary Products Marketing Department are £185.001 lower, while those for other purposes have increased by £1185,000. 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 Deposits— .. 17,966 15,196 +2,770 State .. 3,241 3,034 . +207 Banks .. il 2,008 ' 5,716 +6,292 Exchange Advances — . . 6,205 4',572 +1,633 Produce .. 5,326 5,013 +313 Other .. 17,475 9,360 +8,115 Ratio <%) .. 26.933 30.333 —3.400
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20123, 18 December 1939, Page 8
Word Count
156RESERVE BANK Gisborne Herald, Volume LXVI, Issue 20123, 18 December 1939, Page 8
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