THE RESERVE BANK
DECREASED NOTE ISSUE. GOVERNMENT DEPOSITS FALL. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, July 19, was gazetted to-night. The statement is balanced at £31,478,754 or £336,993 more than at the close of the previous week. The Government deposits are £329,012 lower than they were a week previously, while the deposits of the trading banks have increased by £596,058. There has been a fall of £44,160 in the level of the note issue, while other demand liabilities are £97,138 higher. The sterling exchange reserve has increased £492,881 in value, the only other movement of any moment among the assets having been a fall of £123,681 in tlie level of advances to the Dairy Industry Account. The statement with variations compared with the week before is as follows :
Total 31,478,754 f 336,993 Proportion of reserve to notes and other demand liabilities, 78.24)6 per cent. (77.476 last week).
LIABILITIES. Variation .0 £ £ 1. Gen. reserve . 1.500,000 Same 2. Bank notes .. 12,580,642 -44,160 3. Demand Labilities— (a) Slate .... 6,121,419 -329,012 (b) Banks ... 10,208,279 1596,058 (C) other ... 965,392 f97,138 6. Other liabilities 103,022 fl6,969 Total 31,478,754 f336,993 ASSETS. 7. Reserve— £ g (a) Gold .... 2,CO 1 ,791 Same (b) Sterling- Ex. 20,589,828 f492,881 8. Subsidiary coin . 112,786 -3,194 10 Advances— 1. Dairy industry Account .... 4,704,920 -123,681 2. For Other Purposes .. 300,000 Same 11. Investment .... 2,906,450 Same 13. Other assets .. 62,979 -29,013
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Waikato Times, Volume 121, Issue 20253, 23 July 1937, Page 2
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234THE RESERVE BANK Waikato Times, Volume 121, Issue 20253, 23 July 1937, Page 2
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