Lisbon Paper on Action by This is the reason for the Stabilization Fund repurchasing from the Bank the metal which it had sold Chinese Authorities Lisbon, Feb. 9. three months ago, Following this repurchase the gold reserve of the Bank declined to Frs-
55,086.000,000.
The balance sheet also showed that advances by the Bank on securities declined by Frs. 151000000 while short term loans increased by about Fre. 254,000,000.
On the liability side, depositors' current accounts dropped by Frs.
4,300,000,000.
Notes in circulation gained by Frs.
1,132,000,000.
Total liabilities at sight dropped by Frs. 3,175,000,000, but the drop in the gold reserve resulted in a decrease in the gold coverage ration, which declined from 49.66 per cent. to 48.32 per cent—Havas,
Text read from the printed page and cleaned; old type leaves the occasional error.