THE RESERVE BANK.

Waikato Times, Volume 121, Issue 20283, 27 August 1937, Page 10

THE RESERVE BANK.

EXCHANGE RESERVE HIGHER RISE IN DAIRY ACCOUNTS (By Telegraph.—Press Association.) WELLINGTON, Thursday The Reserve Bank return for the J week ended Monday, August 23, was j gazetted to-night. The statement is balanced at £31,522,954, or £361,766 more than at the close of the previous week. Government deposits continue ihe j downward tendency of the past few . weeks, being £268,897 lower than,in' the last preceding return. The hold- j ings of the trading banks, on the other j hand, are £753,426 higher. Other de- j maiul liabilities have* fallen £269,897,1 -while the note issue is £146,373 1 higher. The sterling exchange reserve is £232,091 higher in value than it was a week before. Advances to Hie Dairy | ■ Industry Account have increased j j £126,598, while other assets are £6414 | higher. LIABILITIES £ Variation 1. Crn. reserve .. 1.500,000 Same ■ 3. Demand liabilities ’ °’ s< ! (a) Stale 6.206.133 -268.807 (b) Banks .... 10.362.2-15 1753,126 1 6. Ollier liabilities 03.73 1 f 767 Total 31,522,05-1 t361,7G6 1 ASSETS 7. Reserve— £ £ ' 111) Sterling Ex. 20,63 1.001 f 232.001 x 8. Subsidiary coin 105,313 -3,337 1. Dairy Indus- | 2. For oilier pur13. Ollier assets .. 73. 0 r. i to,in | Proportion of reserve lo notes ami ? oilier demand liabilities, 78.297 per a cent. 1,78.168 last week). I