THE MONEY MARKET.
LONDON, Sept. 19. Tho following is the Bank of England rclurn : ISSUE DEPARTMENT. £ Notes in circulation 606,000,000 Notes in banking department . 24,200.000 Other Government securities . 616 200 000 Other securities 2,600,000 Silver com Nll BANKING DEPARTMENT. Rest 3,500.0!^ Bankers’ deposits 128,800.(K>j Public deposits 10,900,000 Other accounts 52,200,800 Government securities 157,800,000 Other securities 23,300,000 Discounts and advances 3,700,000 Notes and coin 25,100,000 Ration/of - reserve to liabilities, 13.09 per cent. The discount rate is still 2 per cent.
At Jhe completion of negotiations be tween Australia and Britain for the renewal of the meat agreement,] Australia’s contracts for the sale of primary produce during 1940-41 will amount to more than £120,000,000.
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Manawatu Standard, Volume LX, Issue 252, 21 September 1940, Page 10
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112THE MONEY MARKET. Manawatu Standard, Volume LX, Issue 252, 21 September 1940, Page 10
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