RESERVE BANK RETURN
STERLING UP £2,000,000 NOTES £1,000,000 HIGHER DAIRY CREDITS DOWN The Reserve Bank return for the week ended Monday,'December 18, has been issued. The statement is balanced at £36,301,363, or £801,533 more than at the close of the previous week. The sterling exchange reserve at £'8,273,050 is £2,068,322 higher in value than on the previous Monday. Notes and other demand liabilities are £803,575 higher in the aggregate than the week before, the principal movement being an increase of £4,010,384 in the note issue. The ratio is 32.379 per cent, compared with 26.933 per cent in the preceding week. Advances to the Primary Products Marketing 'Department have been reduced £2,024,323 in the week the statement covers. Those for other purposes are £850,000 higher. 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— . . H8.977 16.299 -1-2,678 State . . 2,823 2,543 +280 •Banks .. '12.219 6,427 +5,792 Exchange Advances — .. 8,273 4,368 +3,905 Produce . . 3.302 5,185 —1,883 Other . . 18,325 10,400 +7,925 Pi'atio <%) .. 32.379 28.109 +4.270
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391222.2.140
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20127, 22 December 1939, Page 12
Word Count
180RESERVE BANK RETURN Gisborne Herald, Volume LXVI, Issue 20127, 22 December 1939, Page 12
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in