BANK RETURN

Sun (Auckland), Volume III, Issue 922, 15 March 1930, Page 11

BANK RETURN

LONDON’S WEEKLY REPORT LONDON, Thursday. The following is the Bank of England j 'eturn: — Notes issued in circulation £350,447,G35 i Ln bank department 61,426,114 j Government debt 11,015,100 j Other Government securities 233,578,601 | Other securities ! Silver coin 4,462,4.4 » j Amount of financiary issue 260,000,000 , Gold coin and bullion .. .. 151,873,i BANKING DEPARTMENT Proprietors’ capital 14,553,000 i Rest 3,750,406 { Public deposits .. 8,&57,109 j Other deposits, bankers' .. 59,001,400 Other accounts . . .. . . 36,742,704 Seven -day and other bills 2,17 l Government securities .. .. 37,331,063 Other securities, discounts, advances 23,530,11 1 Notes 61,426,114 Gold and silver coin .. .. 749,089 SHORT LOANS AND BILLS The Bank of England rate of discount is 4 per cent., to which it was reduced on March 6, from per cent. Short loans are quoted at 3 per cent., compared with 3£ per cent, last week. The market rate of discount for best three months’ bills is 3 3-32 per cent., as compared with 3 11-32 per cent, last week. The principal items- of the above return compare as follow with those for last week, the proportion of the reserve being shown in the last line:— Deposits—

Proportion .. .. 60.86 59.36 ♦March 13, 1929, £152,068,880. 1930: Maximum, March 13, £152,622,838; minimum, January 1, £146,115,719. FOREIGN EXCHANGES The following rates on foreign exchanges are current today, compared with the cabled quotations on March 11 and par:—

CONSOLS AND COLONIAL The following table gives quotations for consols and colonial inscribed stocks, compared with those of March 6:—

BUTTER AND CHEESE Merchants report receipt of overseas cables as follows: A. H. Turnbull from their London principals. W. Weddell and Company Limited, under date March 14: "Butter —Danish. 15Ss to 160 s; New Zealand. unsalted 14Ss to 1545. salted 130 s to 1425; market quiet. Cheese —Xe\s i Zeland, white S3s to 84s. coloured 35s jto S6s, market steady: Canadian white, &6s to 100 s, coloured 90s tc 9Ss.

Mar. 5 Mar. 12 Government £7,674,949 £8,987,199 Bankers . . 63,194,475 59,001,400 Other securities 35,921,849 36,742,704 £106,791,273 £104,731,303 Securities— Government £38,631,563 £37,331,563 Advances, etc. 6,340,871 7,959,833 Other 15,103,832 1 5,570,2S1 Reserve 64,994,223 62,175,203 Note circulation . 347,295,975 350,447,635 ♦Coin and bullion 152,290,198 152^622,838

Mar. 13 Mar. 11 Par. Montreal, dol. .. 4.S7 7-8 4.SS} 4.866 New York, dol. .. 4. S6} 4.S6 5-32 4.866 Paris, fr .. 124.25 124.26 124.21 Brussels, belga .. 34.885 34. S9 35.00 Geneva, fr. . . .. 25.135 25.115 25.22 Amsterdam, fl. . . 12.12 312.12S 12.10 Rome, lire .. .. 92.78 92.85 92.46 Berlin, r.m. . . .. 20.385 20.40 20.43 Stockholm, kr. .. 18.11 18.115 IS.159 Copenhagen, kr . IS.165 18.165 18.159 Vienna, sch. . . .. 34.525 34.515 34.58i Prague, kr. . . . . 164 1-8 164} 24.02 Helsingfors, ma rk 193| 193 1-8 192.23 Lisbon, escu. . . .. 108.30 108.30

Athens, dr 375 375 375.00 Bucharest, lei. 818 S18 R. de Janeiro, mil. 5 11--16 5 2532 Buen. Ayres, dol. 41 7■S 42 116 47.57d Calcutta, rupee .. 17 27-32 17 27 18d Shanghai, tael Hong Kong, dol. . 173 17J Yokohama, yen . 24 3--8 24 11 -32 24.58d Batavia, fl — 12.11 12.10

Pri Va riatiori £ cl d Consols, 2£ per cent. . . 54 10 0 20 0+ L nnd. Loan, 4, 1960-90 88 15 0 15 Or War Loan, 5, 1929-47 . 102 0 Conversion Loan, 3£ 76 It) 0 20 0+ Victory Bonds, 4 6 Com’wealth, 5i, 1922-2 90 0 6* Com wealth, 6, 1931-41 98 6t V ictorian, 3, 1929-49 12 Victorian, 3£, 1929-49 . 69 n 0 10 0^ Victorian, 5 ! ., 1930-40 . 0 0 * Victorian, 5, 1932-42 SS 6+ Victorian, 42, 1940-60 . S2 10 0 Same N.S.W., 4, 1933 10 o 6 + X.S.W., 3, 1936 84 15 Of X.S.W., 35, 1930-50 .. . 69 IS S X.S.W., 52, 1922-32 10 o t X.S.W., 6£, 1930-40 100 0 0 1 3* X'.S.W., 6, 1930-40 . . . 9S 0 3 Queensland, 3£, 1930 98 10 0 6* Queensland, 3, 1922-47 . 68 0 0 ot Queensland, 6, 1930-40 . 97 5 0 oX.Z., 3. 1945 78 0 0 Ot X.Z., 3. 1945 78 0 5 S. Australia, 3*, 1939 . 81 1 o 0 10 0* S. Aus., 3, -16 or afte 0 20 0* '.S. Aus., 6£, 1930-40 . 100 0 Tasmania, 3X, 1920-40 . 81 2 6* i 3. 1920-40 .. Tasmania, 6£, 1930-40 . 78 0 0 10 ot 100 0 Sa tt\ Aus.. 3£, 1929-35 . S6 10 0 0* r*. . Aus., 3, 1915-35 . $6 W. Aus., 6, 1930-40 . . tHig-her. *Lo 15 0 7