BANK RETURN

Sun (Auckland), Volume IV, Issue 974, 17 May 1930, Page 11

BANK RETURN

FIGURES FOR THE WEEK _ LONDON, Thursday. The Bank of England return for the j week ended May 14 is as follows: Issue Department ' Notes issued in circulation £356,454,998 lln banking department .. .. 65,928,590 I Government debt 11,015,100 i Other Government securities 232,893,831 l Other securities 11,629,179 | Silver coin 4,461,890 ! Fiduciary issue 260,000,000 j Gold coin and bullion .. . . 162,383,588 Banking Department ! Proprietors’ capital 14,553,000 j Rest 3,197,304 Public deposits 24,547,936 I Other deposits, bankers .. 58,310,637 Other accounts 36,457,341 Seven-day and other bills . . 12,228 Government securities . . . . 52,793,629 Other securities, discounts, advances 17,391,938 Notes 65,928,590 Gold and silver coin . . . . 964,289 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—- _ May 7. May 14. Government . . £16,211,092 £24,547,936 Bankers 68,534,385 58,310,637 Other accounts 36,034,433 36,457,341 £120,779,910 £119,315.914 Securities— Government .. £56,362,629 £52,793:629 Advances, etc. . 6,554,872 6,402,528 Other 9,609,075 10,989,410 Reserve .. .. .. 66,011,69 G 66,592,879 .Note circulation . 358,490,695 356,454,998 ♦Coin and bullion 164,502,391 163,347 877 Proportion .. .. 54.60 56.0 •May 15, 1929, £161,860,000. Maximum, May 7, £164,502,391; minimum, January 1, £146,115,719. SHORT LOANS AND BILLS The Bank of England rate of discount is 3 per cent., to which it was reduced on May 1, from 3£ per cent. Short loans are quoted at 2 per cent., same as last week. The market rate of discount for best three months’ bills is 2 5-32 per cent., same as last week. COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of May 8: Price Variation Consols, 2£ per cent. . 55 5 0 Same Funding Loan, 4, 1960-90 89 10 0 Same! War Loan, 5, 1929-47 .. 101 15 0 2 6t Conversion Loan, 3i .. 77 15 0 5 0t Victory Bonds, 4 . . . . 94 0 0 10 0+ Com'wealth, SS, 1922-27 91 2 6 15 o* Com’wealth, 6, 1931-41 99 12 6 5 0* Victorian, 3, 1929-49 .. 66 2 6 2 6* Victorian, 3J, 1929-49 . . 70 2 0 7 6* Victorian, SJ, 1930-40 ..9050 76* Victorian, 5, 1932-42 . . 88 15 0 7 6* N.S.W., 4, 1933 94 0 0 10 0* N.S.W., 3, 1935 84 15 0 15 0* N.S.W., 3*. 1930-50 .... 69 12 6 5 0* JJ.b.W- 55, 1922-32 .. 9S 7 6 ! 1* N.S.W., 63, 1930-40 . . 99 12 6 5 0* N.fo.W., b, 1930-40 .... 97 15 0 5 0* Queensland, 31, 1930 . . 100 10 0 2 6* Queensland, 3, 1922-47 .. 65 15 0 25 0* Queensland, 6, 1930-40 . 99 5 0 Same NZ„ 41, 1949-5 S 93 12 6 5 0t SS- 89 5 0 Same. -N-Z., 3, 1945 79 17 6 9 a-.-N.Z 6 1936-51 104 15 0 10 6^ fa. Austraha 31, 1939 .. 83 5 0 Same. S. Aus., 3, 16 or after 52 10 0 5 Of S. Aus., 1930-40 .. 100 0 0 7 6 Tasmania, 31, 1920-40 . . 82 0 0 17 0* Tasmania, 3, 1920-40-.. 81 0 0 5 0* Tasmania, 61, 1930-40 .. 100 15 0 5 0* W. Aus., 31, 1929-35 .. 87 15 0 5 0* W Aus., 3, 1915-35 .. 85 5 0 15 Q* W. Aus.,, 6, 1930-40 99 0 0 10 0* tHigher. * I .over.