THE AGGREGATE AUSTRALIAN BANKING BALANCE-SHEET.

New Zealand Times, Volume XXXIII, Issue 5538, 27 December 1878, Page 3

THE AGGREGATE AUSTRALIAN BANKING BALANCE-SHEET.

(From the Australian Insurance and Banicing Record.) In another column we present a summary of the returns to 30th September, 1877, of the whole of the banka engaged in business in Victoria, New South Wales, New Zealand, South Australia, Queensland, and Tasmania. From, this compilation it appears that the banks' total liabilities in the six colonies amount to £56,056,190, the assets to £79,567,055. If the balances to and from the banks inter se are eliminated, the account as between the banks and the public would stand as in the following comparison, which also affords a contrast with the banks condition twelve months ago.. Thus ; SOtbSopt., 30th Sept., i ncreaso . Liabilities .. £33,520,000 £55,307,000 £1,877,000 Assets.. .. 70.355,000 75.015,000 6,500,000 tween assets 10,83-1,000 20,548,000 3, 1 14,000 and liabilities (supplied by banks). - Advances by tbe banks (which include Government securities, &c., held) show a large expansion in the twelve months, and contrast thus 30th Sept., 1377. 30th Sept- 1878. Increaso £59,410,000. £65,251,000. £5,832,000. being in effect an increase of ten per cent, in the year. ; ..... ' The increaso of the advances is thus distributed amongst the six colonies in the order of expansion;— 30th Sept. SOlh Sept. Inor(!ase . 1877. 10/o. ££ £ „ Ifew Zealand *10,370,000 13,457,000 2,578,000 N. S. Wales.. 15,925,000 17.131,000 1,200,000 Queensland.. 3,743,000 4,725,000 977,000 S Australia.. 5,280,000 5,945,000 665,000 Victoria .. 22,142,000 22,377,000 235,000 Tasmania .. 1,445,000 1,616,000 171,000 159,410,000 65,251,000 5,832.000 , As a means of arriving at the source whence this additional £5,832,000 lent out has been derived, it will be found that during the twelve mouths the Australian banks have had, as shown by the returns, these additional sums to deal with, viz.:— Reduction in coin held ~ •• £323,000 Increase of capital and reserves .. 1,820,000 Increase of liabilities (deposits) .. 1,877,000 In nil £4,020,000 They have, however, actually lent £1,803,000 more than this, and the presumption is that they have done so at the cost of their balances held in London, or from some sourca outside Australian boundaries. We trust that our summary table, which is the . most comprehensive ever published in regard to Auatralion banking, will be acceptable to onr readers.