THE RESERVE BANK

Waikato Times, Volume 122, Issue 20503, 20 May 1938, Page 2

THE RESERVE BANK

DECLINE IN NOTE ISSUE FALL IN DAIRY ADVANCES (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, May 16, was gazetted to-night. The balancing total is £27,241,914, an increase of £401,046 on the previous week’s figure. With the exception of a decline in the note issue of £127,478, there was an all-round increase in liabilities. Trading bank deposits, which in the previous week had declined by £703,047, were lifted again by £436,280. Government deposits also rose, but by a less amount than in the previous week. Sterling exchange over the week increased quite substantially by £367,424, while there was only a moderate decline in the Dairy Industry Account of £48,502, compared with a fall of £588,096 in the previous week. Other movements were of small account. The statement wilh variations compared with the week before is as i follows: — Liabilities

Variation 1. fieri, rp?prvc . l,500,ono Same 2. Bank notes ... 13,941.528 3. Demand liabilities— -127,478 (a / tale 4,423,3 1 4 136.4 91 (b ) Ranks .... 6,70m,996 14 36,280 ( r . Other 3 / 5,7;> 1 C. otiier liabilities 295,325 t 1,1 9 8 Total 27,241,914 A886t8 7. Reserve 140 1,046 (a) Gold 2,80 1,791 Same (b) Sterling - ex. 17,828,605 13 67,4 2 4 8. Subsidiary coin 227,793 10. Advances— 1. Dairy Industry 1527 try Account . 3,584,363 1 1. Investment .... 2,735,5t>5 tS4,8S9 13. Other assets .. 63,797 -3,292 Total 27,241,914 t Signifies surplus. f401,046 Proportion of reserve to notes and other demand liabilities, 81.073 per cent. (80.9 last week).