THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20259, 30 July 1937, Page 2

THE RESERVE BANK.

RISE IN THE NOTE ISBUE. DAIRY ADVANCES DECREASE. (By Telegranh.—rress Association.) WELLINGTON, Thursday. The Reserve Bank return for the week ended Monday, July 26. was gazetted to-night. The statement is balanced at £31,339.012, or £139.742 less than at the end of the previous week. Government deposits are £296,977 higher than they were a week previously. while those of the trading banks have decreased by £446.473. The note Issue is valued at £ 10,185 more than In the preceding return. An increase of £269,242 In the value of the sterling exchange reserve follows a rise of £492,881 in the return of the week before. Advances to the Dairy Industry Account have fallen by £427,187. Other assets are £18,863 higher In value. The statement with variations compared with the week before is as follows : LIABILITIES.

Variation l.Oeneral reserve 1,500,000 2. Bank notes .. 12,590,827 3. Demand liabilities— (a) State 6,418,396 (b) Ranks 0,701.806 (c) Other .... 962,459 0. Other liabilities 105,524 Same 110,185 1296,977 -446,473 -2,933 f2,500 Total 31.339,012 -139,742 ASSETS. 7. Reserve— (a) Gold 2,801,791 (b) Sterling- Ex. 20,859.070 8. subsidiary coin 112,126 10. Advances— 1. Dairy Industry \ccount . . . 4,277,733 2. For Other I’urposes .. 300,000 11. Investment .... 2,906,4 50 13. Other assets .. 81,842 2 -660 -427,187 Same Same 118,863 Total 31,339,012 -139,742 Proportion of reserve to notes and other demand liabilities, 70,576 per cent. (78.206 last week).