THE RESERVE BANK

Waikato Times, Volume 125, Issue 20958, 10 November 1939, Page 10

THE RESERVE BANK

DAIRY ADVANCES LOWER FALL IN STERLING (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, November 6, was gazetted to-night. The statement is balanced at £35,348,456, or £400,867 less than at- the close of the previous week. The sterling exchange reserve, at £5,605,338, is £137,749 lower than the level on the previous Monday. The aggregate of notes and other demand liabilities is £429,000 less than a week before, principally through a reduction of £812,868 in Government deposits. The ratio is 25,267 per cent, compared with 25,367 per cent the week before. Advances to the Primary Products Marketing Department are lower by £119,710, while those for other purposes have increased by £IOO,OOO. There has been a fall of £315,104 in the value of investments. The statement with variations, compared with the week before, is as follows: Liabilities

Proportion of reserve to notes and other demand liabilities, 25.267 per cent (25.367 last week).

Variation £ £ General reserve .. 1,500,000 Same Bank notes 17,418,805 146,985 Demand liabilities— State 2,086,789 -812,868 Banks 13,578,125 f366,205 Other 132,214 -29,383 Other currencies .. 14,631 f4,540 Other liabilities 617,892 t23,054 Total 35,348,456 -400,S67 Assets Reserve — Gold 2,SOI,839 Same Sterling: exchange 5,605,338 —137,749 Subsidiary coin .. 223,170 -4,435 Advances— Marketing- 6,342,641 -119,710 Other 16,875,000 flOO.OOO Investment 3,304,688 —315,104 Other assets 195,780 f 176,131 Total 35,348,456 -i00,S67