Page:Statesman's Year-Book 1913.djvu/437

 MONEY AND CREDIT

815

Notes and

Notes and

Balances

Year

Coin

Bullion

Landed

Bills dis-

Bills of

due from

Total

Property

counted,

j other

other

Assets

£

£

£

&c.

! Banks

Banks

£

£

£

£

1907

9,342.631

209,454

1,746,940

37,244,216

t 359,038

443,636

49,345,915

1908

9,350,942

249,924

1,793,518

39,213,472

\ 388,925

431,377

51,428,158

1909

10,521,262

106,489

1,814,351

38.485,738

' 374,522

522,182

51,914,494

1910

13,527,019

197,266

1,822,997

40,854,690

906.857

675,702

58,276,2781

1911

12,841,780

1!S4,047

1,887,261

46,916,008

292,854

590,269

64,881,499 2

1 Including 291,747Z. Australian notes. - Including 2,168.380 Australian notes.

The liabilities of the banks (exclusive of those to shareholders) were :—

I

Voar

1907 190S 1909 1910 1911

Notes in Circula- tion

Bills in Circula- tion

bearing l^^aring In-

Interest

£ 1,756,696 1,759,020 1,758,913 2,243,128 400,7841

£ 263,018 294,998 315,916 370,199 411,792

£ 18,729,709 17,051,589 20,198,450 24,068,552 27,050,686

terest

£ 24,034,857 2r),Q.-)S,29S 25,026,547 27,824,972 30,089,470

Total Deposits

£

42,764.506 43,909,887 46,124,997 51,893,524 57,140,1.^6

Balances

due to

other

Banks

£ 153,186 176,122 131,067 160,237 396,822

Total Liabilitios

£

44,937,466 46,140.027 48.330^893 54,667.088 58,349;554

1 Tlie decrease is due to the issue of Federal notes.

Of the Savings Bank of New South Wales, established in 1832, the Governor is president, and the management is vested in thirteen trustees. Resides the head office and 7 branches in Sydne}' and suburbs there are 19 branches in the country districts.

The Government Savings Bank, established in 1871, was reorganised by an Act passed in 1906, by which it was placed under three commissioners. Its business is carried on in two separate departments— the Savings Bank Department and the Advance Department, the former of which receives and invests deposits, and pays interest on amounts not exceeding 500Z., while to the latter has been handed over the administration of the State system of loans to agriculturists, formerly vested in an Advance to Settlers Board. The number of branches open on the 31st December, 1911, was 37, and the number of post office agencies in conjunction therewith was 613.

Statistics of both are given below : —

Year

Nuni'f.er of Depositors j Amount on Dec. 31 j Average per Depositor

1907 1908 1909 1910 1911

421,928 431,727 460,251 498,658 544,023

17,530,157 18,805,280 20,150,574 22,453,923 25,361,538

£.

■1.

d.

41

10

11

43

11

2

43

15

7

45

7

46

12

4

There are also banks in connection with Limited Liability Companies. The amount of deposits in these institutions in December, 1911, was 251,857/. (exclusive of deposits in Benelfit, Building, and Investment SocietiesV