THE RESERVE BANK

Waikato Times, Volume 127, Issue 21193, 16 August 1940, Page 10

THE RESERVE BANK

STERLING EXCHANGE LOWER DAIRY ADVANCES HIGHER (By Telegraph.—Press Association) WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, August 12, was gazetted to-night. The statement is balanced at £43,875,290, or £156,268 less than at the close of the previous week. The reserve of sterling exchange is £860,755 lower in value than on the preceding Monday. Notes and other demand liabilities are less by £251,000, the chief movement having been a fall of £728,100 in the deposits of the trading banks. The ratio is 36.154 per cent, compared with 38.02 per cent the week before. Advances are higher by £729,939, those to the Primary Products Marketing Department having increased by £169,939, and other purposes advances by £560,000. The statement, with variations compared with the week before, is as follows:

Proportion of to note* aud "fli^r ']*mantl liabilities, sc. 154 per cent <;j2.02 ;ut week;.

Variation £ £ General reserve . 1.500.000 ?atne Bank notes . 19,779,182 +60,431 Demand liabilities— State . 5.000,583 +327,644 Banks . 16,4 18.433 -728.100 25 1.528 +88.737 other Other currencies . 15.585 +9,867 Other liabilities . 8 19,979 +85,153 Total . 43,873,290 -156,26S Reserve— Gold . 2,80 f .851 Same Sterling E\. . . . . 1 2.232.197 - 860.755 Subsidiary coin . 126,662 -1 1,005 Marketing . 3.5 40.867 + 169.939 other . 22, 120,000 +360.000 Investments .... . 2.513.80 5 Same Other assets . .. . 209.900 1 5,547 Total . . . 43.875.290 -156.268