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
