THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20271, 13 August 1937, Page 10

THE RESERVE BANK.

A DROP IN DEPOSITS. INCREASE IN DAIRY ADVANCES. (By Telegraph.—Press Association.) WELLINGTON, Thursday. The Reserve Bank return for Yhe week ended Monday, August 9, was gazetted to-night. The statement is balanced at £30,631,483, or £081,557 less than at the close of the previous week. Government deposits have decreased by £112,583, and those of the trading banks are £632,147 lower. The note issue has fallen by £29,278, while other demand liabilities are £93,682 higher. There has been a substantial decrease in the valuation of the sterling exchange reserve, which is £722,932 lower than it was a week earlier. Advances to the Dairy industry Account have increased by £70,315. The statement, with variations compared with the week before, is as follows : LIABILITIES. Variation £ £ 1. Gen. reserve .. 1,500,000 Same 3. Demand liabilities—2. Bank notes ... 12,601,203 -29,278 (b) Banks .... 9.161,606 —632H47 6. Ollier liabilities 03,305 -1 t *231 Total 30,63 I, IS J -681,557 ASSETS. 7. Reserve—(a) Gold 2.801.701 Same (b) Sterling Ex. 20.153.850 -722.082 8. Subsidiary coin 1 10,333 fl7i 1o Advances—1. Dairy Industry Account .... . . 4,284,015 t7O 315 poses 3on,onn same 1 1. investment 2,906,450 Same 13. Other assets .. 75,05 1 -29.061 Total 30.G31.4& -681,557 Proportion of reserve to notes and other demand liabilities, 70.053 per Eight boltles effective cough cure for 2/6. Heenzo (Ileau's Essence), L (15)