BANKING RETURNS.

Taranaki Daily News, 13 April 1922, Page 4

BANKING RETURNS.

AN IMPROVED OUTLOOK. By Telegraph.—Press Association. Wellington, April 12. The bank returns for the March quarter show a very fair improvement in the monetary position. This, it is pointed out, is the only improvement naturally to be expected from the realisation of the season’s • produce. During the past twelve months deposits dropped seven millions, and advances six millions, so the excess of advances over deposits is still nearly a million more than it was a year ago. The reduction in advances ana deposits looks like a return once more to the normal price level. The following are some of the comparisons:

The totals of assets and liabilities for the March quarter now and a year ago are as follows: Assets. Liabilities. 1922 £64,666,809 £54,350,336 1921 £71,097,423 £62,815,649 Decrease .... £6,430,614 £8,465,31'3 The following shows the fluctuations in deposits, free and fixed, covering a period of eight years: 1914, £24,030,250; 1918, £35,505,497; 1919, £38,848,826; 1920, £50,665,091; 1921, £47,155,731; 1922, £40,360,390. The following are details of the deposits for this and last year: 1921. -Free, £30,785,205; fixed, £16,370,526; total, £47,155,731. 1922. Free, £24,138,746; fixed, £16,221,644; total, £40,360,390. The following are the shares of the different banks in the deposits and advances:

March, 1922. Dec., 1921. £ £ Deposits, free ... 24,138,746 16,221,644 24,380,432 Deposits, fixed .. 16,557 187 Deposits, Govt. .. 4,506,449 7,510,451 2,397,630 Note circulation . 7,458,385 Discounts 1,739,138 1,789,800 Advances 1 bullion 44,752,177 45,768,926 Coin and 7,777,980 7,683,951 Govt, securities . 5,228,864 5,273,556

Banks. Deposits. Advances. £ £ New Zealand ... 19,813,182 21,24236? Union . 4,671,773 4,949,492 5,902,359 New South Wales 5,042,980 Australian ..... 3,526,949 5,779>9 National 6,513,847 7,710384 Commercial 885,147 812,741