BANKING RETURNS.

Taranaki Daily News, Volume LI, Issue 324, 16 January 1909, Page 2

BANKING RETURNS.

The bunking return* fur tin- Dccenib< Vprartcr lnnv been issued, ami a sin: : m;iry of the figures appears in tile Nc 'Zealand Tillies. In view of tile cond (ion of the money .market these returi 'are of moiv than WiUnavy interest, all the Times points out thai in tile tweli 'months ended September 30th the ai Yances of till' banks to their custumc] 'had inomis'i'd by ,t;2.71!1,771i. while pr Yate deposits were redneed bv CI.IUI '!)!«. a total ol tM.11(U,771, which tl: ■community had drawn from the Imnk 'wjlile at the same time the total i <iovermiient deposit-, had been decrease liy (JKS7.IH'!. a. total of demands marl Uipon the banks of onlv a little slioi 'of LT..IIII*MiIIII. It is now/ pointed on 'that since that date a. good deal ha JiK'ii heard of the action of the bank 'and how advances had 1 been called ii flVlmt do the returns for tlie Derenibi' '<[uarlcr -disclose'; 'J'liey show that pr: hate deposits have iti'cn I'urllier n tduced 11C857.!).*)4. and fiovcrnmen Credits by .C171.-M2, while advance 'had been further increaseil by t2Hs.7'.b' iLlius raising the dcniands made npoi 'tli'c banks in \cw Zealand by C1i,217, lIKIO. It is. then-fore, scarcely correj (to ttilk of "pressure by the banks.' n'he Times adds that the rcvea In what a heavy extent tie-.- bunks havi (brought funds into the colony Iron Sillier places i|i meet the recpiiremcnt: ;of their or-, cai|sed ehielly In 'the -extravagant scale of import.itioi 'a nil I lie heavy shrinkage in the valnt 'of our exports, There is good hope 'lhat the season lo close oil Seplcmlici With next will show a fair m>ca-urc ol improvements in respect of our exports: 'but we, have yet to learn whether tin 'returns of imports will show that I lie l.'ommnnity has realised tine position 'and practised such economy as will r'siilt in a reduction in the scale of im!|«>rts.

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