BANK OF ENGLAND

Sun (Auckland), Volume IV, Issue 1046, 9 August 1930, Page 11

BANK OF ENGLAND

WEEKLY RETURN „„ „ LONDON, Thursday. The Bank of England return is as follows : Issue Department Notes in circulation .... £372,978,274 In banking department . . . . 39,605,779 Total ’"41^584,053 Government debt 11,015,100 Other Government securities 232.591.29 S Other securities 11,629,076 Silver coin 4,464,526 Fiduciary issue 260,000,000 Gold coin and bullion . . 152,584,053 Total 412.553.053 Banking Department Proprietors’ capital £14,553,000 Rest: 3,575,699 Public deposits 8,865,622 Other deposits, bankers . . 61,552,286 Other accounts 36.787.361 Seven-day and other bills . 2.520 Total 125,336.528 Government securities .... 53.145.547 Other securities discount advances 7,960,057 Securities 23,614,359 Notes 39,605.779 Gold and silver coin . . 1.010,786 Total . . . 125.336.52 S The principal items of the above return compare as follow with those for last week, the proportion of tho reserve being shown in the last line: Deposits— July 30. August 6. Public £9,087,658 £8,865,662 Bankers .... 60,970,985 61,552,286 Other accounts. 37,404,887 36,787,361 £107,463,560 £107,205.309 Securities— Government . . 51,665,547 53,1.45,547 Advances, etc. . 6,740,720 7,960,057 Other 22,292,048 23,614,359 Reserve .... 44,873,388 40,616,565 Note circulation. 368,377,007 372.978.274 *(Join and bullion 153,250.395 153.616,565 Proportion . . . . 41.70 37.80 •August 7. 1929. £141,431,583. 1930: 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 5-16 per cent., same as last week. COLONIAL STOCKS The following table gives quotations for consols and colonial inscribed stocks, compared with those of July 31:— VariaPrlce tion £ s. d. s. d. Consols, 2J per cent. . . 55 15 0 5 Of Fund. Loan, 4. 1960-90 91 2 6 12 6f War Loan, 5, 1929-47 .. 103 15 0 5 Of Conversion Loan, ,3j .. 79 15 0 10 0t Victory Bonds, 4 . . . . 95 15 0 5 Of Coni’wealth, 5, 1945-75 SS 5 0 2 6+ Com’wealth, 6, 1931-41 97 10 0 40 0* Victorian, 3, 1929-49 . . 62 10 0 15 0* Victorian, 3.}, 1929-49 .. 69 7 6 5 0* Victorian, si, 1930-40 . . 96 3 9 1 3f Victorian, 5. 1932-42 .. 90 2 6 15 Of Victorian, 47. 1940-60 .. 81 5 0 Same. N.S.W., 4, 1933 94 2 6 1 3t N.S.W., 3, 1935 'B7 0 0 2 6+ N.SAV., Hi, 1930-50 . . 66 15 0 2 6f N.S.W., 52, 1922-32 . . 99 1 3 1 3t N.S.W., 6i, 1930-40 . . 100 10 0 7 6t N.SAV., 6,” 1930-40 .... 98 10 0 5 Of Queensland, 5, 1940-60 87 0 0 5 0t Queensland, 3, 1922-47 63 0 0 5 Of Queensland, 6, 1930-40 97 15 0 15 Of N.Z., 44, 1948-58 .. .. 93 15 0 30 0* N.Z., 3L 1910 89 17 6 Same. N.Z., 3, 1945 81 10 0 2 6t N.Z., 6, 1936-51 103 17 6 1 3f S. Aus., 34, 1939 .... 82 5 0 2 6* S. Aus., 3, 1916 or after 53 10 0 3 0 0t S. Aus., 61, 1930-40 . . 100 2 6 7 6t Tasmania, 3£, 1920-40 .. 80 C 3 Same. Tasmania, 3. 1920-40 .. 80 15 0 10 0* Tasmania, 6i, 1930-40 . 100 2 6 2 6* W. Aus., 3i, 1929-35 .. 88 0 0 Same. W. Aus., 3, 1915-35 . . 86 0 0 Same. W. Aus., 6, 1930-40 .... 98 0 0 2 tit t Higher. “Lower. Commonwealth 6 per cents, and New Zealand 4i per cent, arc quoted, ex dividend.