THE MONEY MARKET.
According to the New Zealand Trade Review, issued on Thursday, the bank returns to March 31 indicate that during -the quarter banking resources have beep augmented by the realisation of thp spas.qn ? s oufput of principal produce. Qfficial statistics o£ imports and expprts fpr tije March quartet, are not yet available, jjut thejre'are indications th§t the qf the shipments will gvove to have feeen £bpve the pormal level, while evidence ef a substantial shrinkage of imports is confidently anticipated. It is, no doubt, in consequent of movements of this character that the bank returns reveal an improvement in the financial position in the March quarter, as shown by the reduction in advances and the increase in deposits, which has resulted in a difference of fully two millions since the December returns. There is reason to anticipate that the excess of exports over imports in the quarter will prove to be even more than that amount, and that the bank Returns for the current quarter will profit to a further extent from this SPJSP. 'The' position may be taken as indicative 01 a f measure of change for the better.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/KCC19090426.2.6
Bibliographic details
Ngā taipitopito pukapuka
King Country Chronicle, Volume III, Issue 150, 26 April 1909, Page 2
Word count
Tapeke kupu
192THE MONEY MARKET. King Country Chronicle, Volume III, Issue 150, 26 April 1909, Page 2
Using this item
Te whakamahi i tēnei tūemi
Waitomo Investments is the copyright owner for the King Country Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Waitomo Investments. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in