THE RESERVE BANK
INCREASE IN NOTE ISSUE DAIRY ADVANCES LOWER (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, December 11, was gazetted to-night. The statement is balanced at £35,559,830, or £346,162 more than at the close of the previous week. The sterling exchange reserve, valued at £6,204,734, is* £243,061 higher than on the previous Monday. Notes and other demand liabilities are £538,436 greater in the aggregate than the week before. The ratio has risen from 26.634 to 2G.933. Advances to the Primary Products Marketing Department are £185,001 lower, while those for other purposes have increased by £185,000. The statement with variations compared with the week before is as follows:
Proportion of reserve to notes and other demand liabilities, 26.933 per cent (26.634 last week).
Liabilities Bank notes ...... Demand liabilities— Banks £ 1.500.000 1 7,966,33 2 3,2 11,302 1 2,007,8 4:: £ 14 55,831 + 814,826 —SO 2,77 9 Other Other currencies .. Other liabilities . . 167.859 15,102 661,032 + 70,558 Total Reserve— Gold 35,559,830 2,801.839 + 34 6,162 Subsidiary coin . . ' 176,2 0 1 T -O S,' 8 6 ! Marketing: .... Other 5,326,270 1 7.175.000 -185,001 + 185,000 Other assets Total 3,377,198 1 98,588 35,559,830 + 823 + 121,140
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Waikato Times, Volume 125, Issue 20988, 15 December 1939, Page 2
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193THE RESERVE BANK Waikato Times, Volume 125, Issue 20988, 15 December 1939, Page 2
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