WORLD MONEY MARKET

Sun (Auckland), Volume IV, Issue 1064, 30 August 1930, Page 11

WORLD MONEY MARKET

BANK OF ENGLAND RETURN LONDON. Thursday. The weekly return of the Bank of England is as follows: — Issue Department Notes in circulation .. .. £360,868,170 In banking department .. 53,971,431 Total £414,839,601 Government debt £11,015,100 Other Government securities 232,892,601 Other securities 11,628,688 Silver coin .. •• 4,463,61.1 Fiduciary issue 260,000,000 Gold coin and bullion . , . . 154,839,601 Total "£414,839,601 Banking Department Capital Rest Deposits, public Jo’cAToiE Deposits, bankers 6Z,59J,0L5 Other accounts 33,798,732 Seven-day. etc.', bills .. .. 2.04 < Total £ 132,807,G49 | Government securities .. .. £49,141,247 Other securities, discount, advances 28,646,876 Notes 53,971,431 Gold and silver coin .. .. 1,048,095 Total £132,807,649 The principal items of the above return compare as follows with those for last week, the proportion of the reserve, being shown in the last line: — Deposits— „ , . August 20 August 2 1 Public £21,045,499 £18,172,678 Bankers 61,665,369 62,599,815 Other accounts 33,594,351 33,798,732 £116,305,219 £114,571,225 .. 49,371,247 49,141,247 Advances, etc. . 6,114,54,* 6,459,675 Other 23,434,151 22,187,201 Reserve 53,574,431 55,019,526 Note circulation . 361,791,084 2.60,568,170 ♦Coin and bullion 155,365,515 155,887.696 Proportion .. •• 16.00 48.00 •August 28, 1929, £137.633,677. 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 1-16 per cent., as compared with 2

-13-?34uperrvcefi’t. il'ast week.FOREIGN EXCHANGES The following rates on foreign exchungns are current today, compared wit_h 11111703131811 quotations on August 26

COLONIAL STOCKS The foflowing table gives quotations for (10115015 and colonial inscribed stocks. compared with those of August 21\:I_' ana-

and par:— Aug. 28 Aug. 26 Par. Mantras], do]. . . 4.86 15-32 4.86; 4.866 New York, dol. . . 4.87 4.87:. 4.866 Paris, fr. .. .. .. 123.775 123.775 124.231 Brussels, belga . 34.84 34.825 35.00 Geneva, fr. .. .. 25.05 25.05 25.22 Amsterdam. {1. .. 12.085 12.085 12.10 Rome, lire .. .. 92.975 92.975 92.46 Berlin, r.m. .. .. 20.3!) 20.39 20 43 Stockholm, kr. .. 18.105 18.11 18.159 Oslo, kr. .. .. .. 18.165 18.17 18.159 Copenhagen. kr. . 18.15 18.165 18.159 Vienna, sch. .. .. 34.455 34.455 34.585 Prague, kr. .. .. 1641—16 164} 24.02 Helsingfors, m. . . 193 15—32 193 15-32 192.23 Madrid, pes. .. . . 45.65 45.05 25.225 Lisbon, escu. .. 108.23 108.25 — Athens, dr. .. .. 375 375 375,00 Bukarest, lei .. 816.5 816.5 25.225 R. de Janeirn, mil 4 0-10 4 11-16 -— Buen. Ayn-s, dol. 407,; 40 9-16 47,57d Calcutta, rupee .. 173; 17.3? 18d Shanghai, tuel .. 18": 18:} — Hang—Kong, dol. . 15 11-16 155; —— Yokohamu, yen. . 242 24 23-64 24.58d Batavia, 11. .. .. 12.08 ——- 12.10 -... --..-. n'nAl/fi

vanaPrice tion . f s. d. s. (1. Consols, 2.3 per cent. .. 5G 0 0 5 01‘ Fund, Loam, 4, 1960-00 92 z 6 12 01‘ War Loan, 5, 1929—47 .. 104 0 0 Same. Conversion Loan, 3; .. 78 6 2; 23 9* Victory Bonds, 4 .. .. 95 O 0 17 6“ Com’wealth, 5, 1945-75 . 92 17 6 32 61‘ Com’wealth, 6, 1931-41 . 100 7 6 17 6? Victorian, 3, 1929-49 .. 66 0 O 30 0"“ Victorian, 32;, 1929-49 .. 71 10 0 22 61‘ Victorian. 5%, 1930—40 .. 98 10 0 20 06' Victorian, 5. 1932-42 .. 93 15 O 35 01‘ Victorian, 43, 1940-60 .. S4 12 6 30 01‘ NASJV” 4, 1933 .. .. .. 95 7 6 5 0"r N.S.W., 3, 1935 .. .. .. 88 5 0 5 0T N.S.\V., 3%, 1930—50 .. 69 17 6 30 01‘ N.S.\V., 55], 1922-32 .. 99 15 0 7 61' N.S.W., 6;, 1930-40 .. 100 17 6 Sanle. N.S.\V.. 6, 1930—40 .. .. 100 2 G 17 61' Queensland. 5, 1940-60 . 91 7 6 22 (ST Queensland, 3, 1922—47 66 5 O 25 0? Queensland, 6, 1930-40 . 99 10 0 15 OT N.Z., 4;, 1948—58 .. .. .. 94 7 6 —— N.Z., 39;, 1940 .. .. .. 89 17 6 7 6* N.Z., 3, 1945 .. .. .. .. 82 2 6 2 (i1N.Z., 6, 1936—51 .. .. .. 104 12 6 2 61S. Aus., 35, 193‘.) .. .. .. SL 7 6 17 61': S. Aus., 8. 1916 or after 53 2 S Sunw. S. Ans” 6}, 1930-40 .. 100 17 6 5 0T? Tasnzania, 3;, 1920—40 .. 82 0 0 -] 3':W‘afimania, 3, 1920—40 .. SI) 2 6 7 6+ Tasmania, 63, 193040 . 101 1,2} .1. 3"r XV. Aus., 3;; 1929-35 ., 91 0 0 45 0‘1? X", .‘\us., 3, 1915-35 .. XS 7 I; 7 6' \V‘. Aunt, 6, 1930—40 .. .. 100 U 0 15 0‘? Tl—ligher. “Lower.