30 JULY

southerlies covered the country, with light rain still in many
districts. However, the weather had cleared in Fiordland, besides
Bay of Plenty and Hawke’s Bay. On the following day a depression
was also centred to the north-east. Southerlies persisted with light
rain still over most of the North Island, besides Marlborough
and North Canterbury. On the 20th the anticyclone was centred
west of Northland and the weather was mainly settled.

On the 21st a trough in the south-westerlies brought scattered
showers mainly to the central North Island. A depression soon
passed close to Southland and from the 22nd to the 24th rain
spread over the West Coast and the Southland coast besides
some western and central districts of the North Island. On the
following day a belt of high pressure extended from the central
Tasman Sea, across New Zealand and well to the east, and the
weather was settled except in Fiordland. During the 26th and 27th
a depression to the north moved south-eastward, to be centred off

East Cape. Rain was reported from the easterlies in eastern
Northland, Coromandel, Gisborne, and Hawke’s Bay. During
the next 2 days a depression over the South Tasman Sea moved on
to the South Island, while the associated trough of low pressure
crossed the country. Rain was scattered at first, later becoming
general but mainly light. On the last day of the month a depression
was centred to the east of the Chatham Islands. A weak ridge of
high pressure covered the country but there was a deep depression
far to the south-west with the usual associated trough to the
west of New Zealand. The rain cleared from the south but some
was still reported, especially in Manawatu and Wairarapa, with
lighter falls over most of the North Island.

(N.Z. Met. S. Misc. Pub. 107)

J. F. GABITES, Director.

SUMMARY OF TRADING BANKS’ MONTHLY RETURNS OF PRINCIPAL LIABILITIES AND ASSETS IN RESPECT OF NEW
ZEALAND BUSINESS AS AT CLOSE OF BUSINESS ON 24 JUNE 1970

In accordance with subsection (4) of section 31 of the Reserve Bank of New Zealand Act 1964

(All amounts in New Zealand Currency)

LIABILITIES†

(N.Z.$ thousands)

Australia and Bank of New Bank of The The Totals
New Zealand South Wales New Zealand Commercial National
Bank Bank of Bank of
Limited Australia New Zealand
Limited Limited
$ $ $ $ $ $

1. Demand deposits in New Zealand 150,306 91,331 258,161 50,167 103,759 653,724
2. Time deposits in New Zealand 54,395 38,892 101,410 12,695 45,862 253,254
3. Liabilities elsewhere than in New Zealand incurred in
   respect of New Zealand business 8,242 .. .. 8,242
4. Bills payable and all other liabilities in New Zealand,
   including balances due to other banks but excluding
   shareholders’ funds 9,776 5,803 3,356 674 12,437 32,046

ASSETS‡

(N.Z.$ thousands)

Australia and Bank of New Bank of The The Totals
New Zealand South Wales New Zealand Commercial National
Bank Bank of Bank of
Limited Australia New Zealand
Limited Limited
$ $ $ $ $ $

1. Balances at Reserve Bank of New Zealand 12,409 5,997 10,027 5,658 14,344 48,435
2. Reserve Bank of New Zealand notes 7,645 3,139 21,167 1,849 6,385 40,185
3. New Zealand coin 734 441 1,445 333 821 3,774
4. Assets elsewhere than in New Zealand held in respect of
   New Zealand business 30,107 25,454 29,992 2,875 8,929 97,357
5. Advances in New Zealand and discounts of bills pay-
   able in New Zealand (excluding advances and dis-
   counts included under item 6)—
   (a) Advances 135,140 94,259 237,325 42,952 118,446 628,122
   (b) Discounts 3,322 2,609 7,639 2,204 5,388 21,162
6. Term loans in New Zealand (including special export
   finance) 6,190 2,319 10,320 1,339 3,884 24,052
7. Investments held in New Zealand—
   (a) Government securities (i) Government Stock 10,836 .. 68,563 500 .. 79,899
   (ii) Treasury Bills .. .. 6,933 2,000 .. 8,933
   (b) Other investments .. 1,185 5,972 1,448 182 8,787
8. Cheques and bills drawn on other banks in New Ze-
   land and balances with and due from other banks in
   New Zealand (excluding balances with Reserve
   Bank of New Zealand) 1,945 .. 4,166 1,392 1,780 9,283
9. Book value of land, buildings, furniture, fittings, and
   equipment in New Zealand 7,645 4,191 15,474 2,841 5,278 35,429
10. All other assets in New Zealand 616 136 .. .. 3,057 3,809

Aggregate Unexercised Overdraft Authorities $286,134.

†Excluding shareholders’ funds, contingencies, inter-branch accounts within New Zealand, and certain transit items.
‡Excluding inter-branch accounts within New Zealand, contingencies, and certain transit items.

Wellington, N.Z., 15 July 1970.

D. L. WILKS, Chief Cashier, Reserve Bank of New Zealand.

SUPPLEMENTARY BANK RETURN

STATEMENT OF THE AMOUNT OF LIABILITIES AND ASSETS OF THE LONG-TERM MORTGAGE DEPARTMENT OF THE BANK OF
NEW ZEALAND AS AT 24 JUNE 1970

In Accordance with Section 32 of the Reserve Bank of New Zealand Act 1964

Liabilities Assets

$ $
Capital 1,406,250 Loans 2,142,611
Debenture and Debenture Stock Advance from Bank 736,631 Deposits with Bank Other Assets
Other Liabilities

$2,142,611

D. L. WILKS, Chief Cashier, Reserve Bank of New Zealand.

15 July 1970.