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cbsl_annual_reports | 1950-01-01-1950-01-Preliminary-en | 1950_01_Preliminary_en | 1950-01-01 | Preliminary Pages | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_01_Preliminary_en.pdf | 1950-01-01-1950-01-Preliminary-en-0000 | 0 | en | 0e27dd055fbeb1748f998d5f8a876c6f | 2,027 | Central Bank of Ceyl
Annual Report
O F T H E M O N E T A R Y B O A R D T O
T H E M I N I S T E R O F F I N A N C E
f/r^Y 9 9 9 Q ?:! v. V rV & fy Q
FOR THE YEAR
1 9 5 0
Letter of Submittal
THE HON. J. R. JAYEWARDENE, Minister of Finance,
Colombo.
DEAR SIH,
In accordance with, the provisions of Section 35 (1)... |
cbsl_annual_reports | 1950-01-01-1950-01-Preliminary-en | 1950_01_Preliminary_en | 1950-01-01 | Preliminary Pages | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_01_Preliminary_en.pdf | 1950-01-01-1950-01-Preliminary-en-0001 | 1 | en | c6ebcc0b6667e9d9605919205ba801eb | 1,983 | (i) Prescription of Legal Parities (ii) Prescription of Central Bank's Exchange Rates Circular No. 1 of 28th August. 1950 Circular No. 1/1 of 8th December, 1950 Circular No. 1 (Revised 30th December, 1950) (iii) Prescription of Commercial Banks' Exchange Rates : Circular No. 2 of 28th August, 1950 Circular No. 2/1 of 2... |
cbsl_annual_reports | 1950-01-01-1950-01-Preliminary-en | 1950_01_Preliminary_en | 1950-01-01 | Preliminary Pages | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_01_Preliminary_en.pdf | 1950-01-01-1950-01-Preliminary-en-0002 | 2 | en | 518b224f944512fa7ff0a158f5d426d9 | 1,916 | Figures : December, 1949—January, 1951) . . 4 3
5 —Bank Clearings (Monthly Figures from 1939) 4 4 6a—Accounts of the Central Bank as of 31st December,
1950 . . . . ..45 6B—Monthly Movement of the Accounts of the Central
( • vi )
11. EXTERNAL FINANCE : Statement 9—External Assets of Ceylon (1939-1950) 10—Balance of ... |
cbsl_annual_reports | 1950-01-01-1950-02-Part-01-en | 1950_02_Part_01_en | 1950-01-01 | Introduction | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_02_Part_01_en.pdf | 1950-01-01-1950-02-Part-01-en-0000 | 0 | en | a030a3c65212845f7d73e7656a8a9c0d | 1,909 | I. Introduction
1. The present report, which is the first Annual Report of the Monetary Board of the Central Bank of Ceylon/is issued in pursuance of Section 35 of the Monetary Law Act, No. 58 of 1949, which provides that within three months after the end of each financial year, that is,to say, by March 31, the Moneta... |
cbsl_annual_reports | 1950-01-01-1950-02-Part-01-en | 1950_02_Part_01_en | 1950-01-01 | Introduction | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_02_Part_01_en.pdf | 1950-01-01-1950-02-Part-01-en-0001 | 1 | en | 222f5f101cd971d3faf21f6bfea064df | 1,525 | .3. The Bank's financial year is the calendar year. Since the Bank was only open for business during the last four months of 1950, the present report, strictly speaking, need cover only that period. However, to enable a better appreciation of the policies -and measures adopted by the Board during the period, the report... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0000 | 0 | en | d72b9af946b8cd2b618da4822120e1fe | 1,909 | I. Introduction
1. The present report, which is the first Annual Report of the Monetary Board of the Central Bank of Ceylon/is issued in pursuance of Section 35 of the Monetary Law Act, No. 58 of 1949, which provides that within three months after the end of each financial year, that is,to say, by March 31, the Moneta... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0001 | 1 | en | e432a758c358652eff4da807a1a89737 | 1,907 | .3. The Bank's financial year is the calendar year. Since the Bank was only open for business during the last four months of 1950, the present report, strictly speaking, need cover only that period. However, to enable a better appreciation of the policies -and measures adopted by the Board during the period, the report... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0002 | 2 | en | 66f384fe52d12d97cb0be9d0e54da9ae | 1,918 | The money supply is defined in the Monetary Law Act as " all currency and demand deposits owned by persons other than commercial banks or the Government ". In other words, it is the volume of completely liquid purchasing power in the hands of the public. Statement 1A in Appendix II and chart I in Appendix III show the ... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0003 | 3 | en | d13d7f57a783f3c277a84ba709c28b40 | 1,776 | 8. As the chart shows, the increase in the money supply during 1950 was due to three principal factors. The first is the monetization of a portion of the surplus in Ceylon's balance of payments. This occurs through the purchase by either the commercial banks or the Currency Board (or, since August 28, by the Central B... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0004 | 4 | en | f400068c253d9fd8314ae52f4b1f8f16 | 1,953 | 10. But there is a third factor causing an increase in the money supply for which Government was responsible. This is the reduction in the Government's rupee cash balances. When these rupee balances are reduced (usually by paying them over to the public in the process of meeting Government expenditures) deposits and cu... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0005 | 5 | en | 50b51a873f1773bc52ed4451e1af0271 | 1,318 | («) Commercial bank credit + G7'1 extended to Government sector (Government securities and treasury bills) (6) Commercial bank credit +60'5 extended to private sector (Loans, advances,bills, &c.) (c) Shift from demand to time
and other liabilities of commercial banks (d) Commercial banks' net domestic credit creation... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0006 | 6 | en | 73aa5b5fd7e0a7bd3f468300af41344f | 1,855 | * The total contribution of Government toward the increase in the money supply during 1950 was lis. 79-3 million, winch included Rs. 67 1 million of commercial bank credit made available to the Government by purchase of Government securities (including treasury bills) by commercial banks, Rs. 7-5 million of Central Ban... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0007 | 7 | en | 43d0310f4c56397bbf639f6a1cf27962 | 1,078 | 15. As far as the creation of credit for the use of the Government is concerned, it is readily apparent that such credit creation must also be regarded as essential in the short run. On the basis of the Finance Minister's budget last July, which was subsequently approved by Parliament, a certain pattern of receipts and... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0008 | 8 | en | 687ed3700e00a0961307cb5437d7442c | 1,942 | 15. As far as the creation of credit for the use of the Government is concerned, it is readily apparent that such credit creation must also be regarded as essential in the short run. On the basis of the Finance Minister's budget last July, which was subsequently approved by Parliament, a certain pattern of receipts and... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0009 | 9 | en | 1ac49c2a19373a4972add72eded7e161 | 1,982 | 19. There was every indication that bankers were co-operating with the Central Bank's policy of restricting credit for non-essential purposes ; nevertheless, the Bank was concerned about the volume of excess reserves in the banking system. These excess reserves were very unequally distributed amongst the individual ban... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0010 | 10 | en | c8edeae3186291a3d9b28a351cbbc93a | 1,814 | 21. Coupled with the abnormal increase in money supply, there has been a marked rise in the cost of living. The monthly movements of the Colombo working class cost of living index are shown in statement 19. These changes are graphically depicted in chart 3. In analysing the cost of living, the Bank took the Colombo wor... |
cbsl_annual_reports | 1950-01-01-1950-03-Part-02-en | 1950_03_Part_02_en | 1950-01-01 | Money Supply | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_03_Part_02_en.pdf | 1950-01-01-1950-03-Part-02-en-0011 | 11 | en | e55052a82a9ab7ea4d344464a19edd8d | 252 | 22. In order better to understand the forces at work in the Ceylon economy during the past year or so, especially since devaluation, a detailed analysis was made of the movement of various components of the cost of living index. In making this analysis |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0000 | 0 | en | b4ec400808bba3cfbf42724ecaba889c | 1,753 | ( 5 )
deposits and 5 per cent, of their time and sayings deposits. These were the minimum reserve requirements permitted under the Monetary Law Act. The maximum increase permitted by the Act in any one period of 30 days is 4 percentage points. In December, 1950, after full consideration of the matter by the Monetary B... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0001 | 1 | en | 70cd63fdc243f5b151adf69142381230 | 1,815 | 21. Coupled with the abnormal increase in money supply, there has been a marked rise in the cost of living. The monthly movements of the Colombo working class cost of living index are shown in statement 19. These changes are graphically depicted in chart 3. In analysing the cost of living, the Bank took the Colombo wor... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0002 | 2 | en | 5dc4b660d56f15f5873b0e4ca033d8f0 | 1,595 | 22. In order better to understand the forces at work in the Ceylon economy during the past year or so, especially since devaluation, a detailed analysis was made of the movement of various components of the cost of living index. In making this analysis
in
the Bank has been particularly concerned to discover whether t... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0003 | 3 | en | fb84581ddd545122c769489cac623a89 | 1,693 | 24. The results of the analysis were revealing. Expressed in terms of the November, 1938—April, 1939 base as 100, which is the base commonly used, the index has moved as follows :—
Changes in Cost of Living by Commodity Groups
November 1938—April 1939 = 100
1949 1950
« Over corresponding month of previous year.
2... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0004 | 4 | en | 7076ebd70c53e28eee15e5d9477b5161 | 1,430 | 26. Au analysis of this sort brings out clearly how sensitive living costs in Ceylon are to economic conditions in the outside world. The import and export groups together comprise more than half the total weights in the working class cost of living index, and imports are even more important to the middle classes than ... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0005 | 5 | en | 7991e21e194a873f997c1cfb0d19e5ee | 1,765 | 29. No matter how effectively the expansion of the money supply might be controlled, the cost of living could still rise because of the rise in world prices for our imports and exports. The immediate attack on the cost of living problem must, therefore, be made with that fundamental fact in mind.
31. The present balan... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0006 | 6 | en | b8695051c97b6e3133fb306ee04c4980 | 1,200 | all cases be completely adequate. Increased subsidies are practicable when the expected rise in the cost of living index is small, but if there is a rise in prices outside Ceylon which is large and sustained, the subsidy weapon becomes unwieldy and impracticable, and its adverse effects on the Government budget, and ul... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0007 | 7 | en | 80b04792e64a0dda8198eeb00a4c6ebf | 1,510 | 36. As the number of commodities that are subsidized grows, an increasingly heavy load of work falls upon an already overburdened Government administration. At a time when development programmes must be manned, and every effort made to increase production, the Government's energies and personnel are needed on more cons... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0008 | 8 | en | ab5ba07cdd94674456d4ec90916d28ae | 1,415 | 38. But it is just as important to reduce the price of rice outside the ration as inside. Since the latest family budget surveys reveal that almost 50 per cent, of the rice consumed by working class families in a city like Colombo is purchased outside the ration, the cost of living could be more effectively reduced by ... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0009 | 9 | en | e82bc38a4b38fcb56422d75d8a8750fd | 1,526 | not include cost of living allowances, the incomes themselves of many such persons are also variable and tend to increase with the general rise in prices and living costs. To the extent that this is true, there is no need to relieve them by means of subsidies. In any case, price fluctuations always result in alteration... |
cbsl_annual_reports | 1950-01-01-1950-04-Part-03-en | 1950_04_Part_03_en | 1950-01-01 | Cost of Living | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_04_Part_03_en.pdf | 1950-01-01-1950-04-Part-03-en-0010 | 10 | en | 47d3f7f1bf73d97a2db11700a2cdda66 | 1,916 | 41.. Domestic price stability is the goal of every government and of every central bank ; but it should be frankly recognized that the difficulties of achieving the goal are more formidable in Ceylon, where the economy is so dependent upon its international trade than in more self-sufficient economies. If recent experi... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0000 | 0 | en | 315dc3a86ac2794fe0b40951e434f478 | 1,364 | ( 9 )
not include cost of living allowances, the incomes themselves of many such persons are also variable and tend to increase with the general rise in prices and living costs. To the extent that this is true, there is no need to relieve them by means of subsidies. In any case, price fluctuations always result in alt... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0001 | 1 | en | 55c1ee8a3c80ced03d1887d1173df8e1 | 1,881 | 40. There are great advantages, on the other hand, both for employers and employees, as well as for the Ceylon economy as a whole, in a system of wage payments which gears wages rather closely to the cost of living. Flexible wages are advantageous to employers, because they enable them to compete more effectively with... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0002 | 2 | en | 5d332e924ff22cdac82957a5ff85e7d6 | 1,867 | 42. In the last analysis, of course, the surest and most effective cure in an inflationary situation is an increased supply of goods. In the Ceylon economy this supply is likely to come in approximately equal measure from imports and from increased domestic produce tion. It is obviously to our advantage to emphasize th... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0003 | 3 | en | 2af2527990d91f1f18819a5d472ebe38 | 1,542 | Net Government borrowing (-1-) or repayment of borrowing (—)
(o) Medium and Long term (b) Treasury bills and Overdrafts (c) Sundry loans . . -Changes in oash balances (Item 1+item 2)
. 383-3 461-2 540 6 576-1 623 3 . 312-9 405-4 447 5(1) 517 • 9 563 o
+ 72-2 —10-5 +43-3 +42-5 -t 79-6
4 5 2 31.4 24-0 56.1 124
27-3... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0004 | 4 | en | ac3dab6d41850352212a4627f4e05e6e | 1,703 | (e) Estimated loss on food. (/) Excludes the food subsidy in respect of the period up to 1946-47, brought into account in 1947-48 ; the cost of the subsidy has been distributed against relevant years under item(v) (g) Expenditure financed from National Development Reserve. (h) Included in Government expenditure finance... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0005 | 5 | en | 267709b400c0cc2427cc00f25c6ad9e0 | 1,390 | The revised estimate therefore provides for a revenue deficit of Rs. 12'7 million. Assuming loan expenditure remains at the original estimate of Rs. 143-3 million, the estimated cash deficit before taking into account the additional revenue from the new export duties announced by the Minister amounts to Rs. 156 million... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0006 | 6 | en | 4755eb6c9c1f10c644e7124fedf1357b | 1,454 | • 47. The budget deficit has not yet created a deficit in the balance of payments. In fact, external assets have shown a tendency to rise during the last six months. (See Statement 9 and chart 5). A surplus in the current balance of payments ordinarily causes these assets to increase, and a deficit causes them to decre... |
cbsl_annual_reports | 1950-01-01-1950-05-Part-04-en | 1950_05_Part_04_en | 1950-01-01 | Fiscal Policy in Relation to Monetary Policy | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_05_Part_04_en.pdf | 1950-01-01-1950-05-Part-04-en-0007 | 7 | en | 2253b2f1e4b3997442ea60b9b9bd3104 | 1,036 | 49. As argued earlier, it is regrettable from the economic point of view that such a large share of the budget deficit is the result of increasing food subsidies. The subsidies in the financial year 1950-51 are estimated to cost Rs. 133 million. Food subsidies, together with such payments as public assistance grants, a... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0000 | 0 | en | 3a895feddb6ae3d71dd4f8c48bce1a07 | 1,923 | ( 12 )
V. Production and International Trade
52. Although, the record during the year may not be so satisfactory as far as domestic price stability is concerned, it is more gratifying from the point of view of production, and international trade. When measured by these standards, the progress of the Ceylon economy du... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0001 | 1 | en | 3be25dfd53f41549cbf575aac962fd7e | 1,626 | Statements 17 and 18 and charts 6 and 7 describe more fully the course of international trade for a series of years. Ceylon's exports in 1950, increased by nearly 50 per cent, as compared with 1949, to a record level of Rs. 1,563 million. Not only was there an increase in value during this period but also an increase i... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0002 | 2 | en | 9e78c91c4d36583dc9ef5862a3e667b1 | 1,668 | 55. A comparison of values alone, therefore, is by no means enough ; for while the prices of imports have risen only very slightly, the prices of exports have risen rather spectacularly. This means that for a given physical quantity of exports Ceylon can now buy a considerably larger volume of imports. This may be meas... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0003 | 3 | en | 15e6044f80fd816a02edc55a4f705631 | 1,669 | Population Thousands Index Natural increase Volume of Year Mid Year 1938 =100 of population exports Estimates Thousands 1934-38=100 1038 5,810 100 86 103 1939 5,897 102 84 103 1940 5,951 102 90 113 1941 6,020 104 . . 1 0 7 111 1942 6,021 104 109 127 1943 6,134 106 118 124 1944 6,276 . 108 99 124 1945 .. 6,496 112 96 . ... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0004 | 4 | en | b2cf24772444e9a5653c2a548e0c2401 | 1,924 | 59. Without doubt a discouragement to production in the past has been the inadequacy or high cost of credit. The long-term task is to make credit available on reasonable terms to Ceylonese enterprise.
( 14 )
61. A notable event in the field of Government planning was the issue of the Colombo Plan for Co-operative Ec... |
cbsl_annual_reports | 1950-01-01-1950-06-Part-05-en | 1950_06_Part_05_en | 1950-01-01 | Production and International Trade | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_06_Part_05_en.pdf | 1950-01-01-1950-06-Part-05-en-0005 | 5 | en | 231c1ffae32d10b45163337a5b8f6248 | 1,148 | Course of wages of lea and Rubber Estate Workers
Minimum, Cost of Real money living wage wages
{1939 =100) Annual—
1939 100 100 100 1946 279 228 122 1947 293 239 123 1948 313 259 121 1949 320 264 121 1950 372 274 137 End of Quarter—
This table illustrates the extent to which real wages of tea and rubber estate work... |
cbsl_annual_reports | 1950-01-01-1950-07-Part-06-en | 1950_07_Part_06_en | 1950-01-01 | Wages and Real Incomes | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_07_Part_06_en.pdf | 1950-01-01-1950-07-Part-06-en-0000 | 0 | en | 2565b54c4199705b513f11e476c6105d | 1,670 | ( 14 )
60. Government has completed or brought near completion a number of projects. The first stage of the Laxapana Hydro-Electric Scheme, with an initial capacity of 25,000 kilowatts developing later to 75,000 kilowatts, was completed during the year; the Government Cement Factory with a rated capacity of 100,000 to... |
cbsl_annual_reports | 1950-01-01-1950-07-Part-06-en | 1950_07_Part_06_en | 1950-01-01 | Wages and Real Incomes | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_07_Part_06_en.pdf | 1950-01-01-1950-07-Part-06-en-0001 | 1 | en | 47ff6b0d0b0112e5e8d76f80a7c6165a | 1,758 | 62. The improvement which has occurred in Ceylon's overall economic position during the last year has, of course, resulted in an increase in real incomes. The difficulty is that some sections of the population have benefited while others have actually lost. Statistics available in Ceylon are not adequate for a complete... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0000 | 0 | en | 248b706219958179c1a324d0f2d92700 | 1,597 | . ( 15 > j W . 22%£$,
Vll. Ceylon's International and Domestic Financial I^osi^or? [vj^O 2QQ(_
lis j 64. The emphasis of this report upon the problems of the rising cost of living and the expanding money supply should not divert attention from \tEe; inherent 'strength of Ceylon's present financial and economic situat... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0001 | 1 | en | 44bf76bc00e65ed9c1bd3a9ccbe784b2 | 1,960 | 65. An examination of the balance of payments table in Appendix II (Statement 10) reveals that Ceylon had a surplus on merchandise account alone of Rs. 328*6 million in 1950 and a surplus, taking all current items into account, of Rs. 146* 7 million. Accordingly, Ceylon's external assets rose during the year by Rs. 14... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0002 | 2 | en | f1a2eb44968639f9504574eb34ada893 | 1,781 | * Under the sterling assets agreements concluded with the U. K. Government two sets of accounts designated No. 1 Acoounts and No. 2 Accounts were established. Blocked sterling is held in No. 2 Acoounts and transferable sterling in No. 1 Accounts i.e. sterling earned on current transactions and agreed transfers from No.... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0003 | 3 | en | 2b859931713df62d142009efda49456a | 1,213 | 71. Ceylon's domestic financial position is in many respects fully as sound as its international financial position. The capital market is small and not so well organized
sas the capital markets in larger and more highly developed countries ; nevertheless, developments in the year 1950 give considerable cause for enco... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0004 | 4 | en | 7c53b8b99d9e382b88e08fad26c06d68 | 1,293 | ember 1, for two new loans, the first borrowing under the National Development Loan Act, No. 3 of 1950, which authorises the raising of a total of Rs. 400 million. One was a 3 per cent, long-term loan of Rs. 50 million maturing 1966-71, and the other a 1|- per cent, two-year loan of Rs. 40 million. There were, no sinki... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0005 | 5 | en | a5daf45689f03ea5701b994e3b23d87e | 1,969 | 74. The increase in,the net public debt during the financial year ending September • .30,1950, was Rs: 60* 2.million, bringing the.total to Rs. 520' 3 million of which only -75' 7 million was sterlings debt. Although it would'be a mistake to judge the soundness of a country's finances solely by the size'qf its.publicde... |
cbsl_annual_reports | 1950-01-01-1950-08-Part-07-en | 1950_08_Part_07_en | 1950-01-01 | Ceylon's International and Domestic Financial Position | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_08_Part_07_en.pdf | 1950-01-01-1950-08-Part-07-en-0006 | 6 | en | 05facb9b12496077678002233d73e697 | 1,824 | 77. The banking system continued to maintain a high degree of liquidity during the year, though the banks as a whole were not as liquid at the end of 1950 as they were at the end of 1949, as will be seen from Statements 2 and 3. The effect on the banking system of the inflationary situation which developed during the y... |
cbsl_annual_reports | 1950-01-01-1950-09-Part-08-en | 1950_09_Part_08_en | 1950-01-01 | Operations and Accounts of the Central Bank | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_09_Part_08_en.pdf | 1950-01-01-1950-09-Part-08-en-0000 | 0 | en | 9f4ec05b105b9a44aea7964ce706b779 | 1,474 | ( 17 )
75. The Colombo share market showed considerable activity during the year. It is a small market by Indian or western standards. At the end of December, 1950, there were 192 companies on the share list of the Colombo Brokers' Association of which 62 were tea, 61 rubber, 30 tea-cum-rubber, 9 coconut, and 30 comme... |
cbsl_annual_reports | 1950-01-01-1950-09-Part-08-en | 1950_09_Part_08_en | 1950-01-01 | Operations and Accounts of the Central Bank | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_09_Part_08_en.pdf | 1950-01-01-1950-09-Part-08-en-0001 | 1 | en | 5c2745485b5f6d4635d507ab8f504581 | 1,489 | 76. As indicated by statement 8, there has been a marked rise in savings during the year. Whereas in 1949 total savings had increased by only Rs. 6'4 million during the entire year, in 1950 savings increased by Rs. 33 million, an average of approximately Rs. 3 million a month. By the end of the year, in fact, the rate ... |
cbsl_annual_reports | 1950-01-01-1950-09-Part-08-en | 1950_09_Part_08_en | 1950-01-01 | Operations and Accounts of the Central Bank | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_09_Part_08_en.pdf | 1950-01-01-1950-09-Part-08-en-0002 | 2 | en | 1fe05e99e5f9862ca8fde41ba82ac678 | 1,775 | 79. Statement 7 shows the Central Bank's monthly purchases and sales of foreign exchange from August 28 up to the end of January, 1951. Purchases up to the end of December, 1950, amounted to Rs. 553'3 million, consisting of Rs. 22-4 million-spot and Rs. 530-9 million forward ; sales totalled Rs. 60-6 million, all of wh... |
cbsl_annual_reports | 1950-01-01-1950-09-Part-08-en | 1950_09_Part_08_en | 1950-01-01 | Operations and Accounts of the Central Bank | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_09_Part_08_en.pdf | 1950-01-01-1950-09-Part-08-en-0003 | 3 | en | 51ea21a232c823d12e15a37dcaa60ead | 1,800 | 82. Section 97 (i) of the Monetary Law Act requires the Central Bank to provide facilities for clearance transactions among commercial banks operating in Ceylon. Accordingly it took over from the Colombo branch of the Imperial Bank of India, which had hitherto functioned as the clearing bank, the management of the clea... |
cbsl_annual_reports | 1950-01-01-1950-09-Part-08-en | 1950_09_Part_08_en | 1950-01-01 | Operations and Accounts of the Central Bank | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_09_Part_08_en.pdf | 1950-01-01-1950-09-Part-08-en-0004 | 4 | en | 2fef3a166f74f21cf0da37ac65ffadf9 | 1,065 | 86. Deposits with the Central Bank at the end of the year totalled Rs. 191' 4 million. Of this sum, Government deposits amounted to only Rs. 12" 4 million, as the majority of Government deposits were still held with the commercial banks.
88. The value of the International Reserve of the Central Bank-at the close of th... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0000 | 0 | en | ac2707a68d1781d284aceccd82349ccf | 1,893 | ( 21 )
A P P E N D I X I
A . MAJOR LEGAL ENACTMENTS ADOPTED BY THE GOVERNMENT IN 1950.
B. MAJOR ADMINISTRATIVE MEASURES ADOPTED BY THE MONETARY BOARD IN 1950.
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A.—Major Legal Enactments adopted by the Government in 1950
(i) Bretton Woods Agreements Act, No. 20 of 1950
AN AOT TO ENABLE CEYLON TO BECOME A ME... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0001 | 1 | en | 722516badd3f13ea2fff881d4e24b98a | 1,928 | Now, therefore, BE it enacted by the King's Most Excellent Majesty, by and with tho advice and consent of the Senate and the House of Representatives of Ceylon in this present Parliament assembled and by the authority of the same as follows :—
1. This Act may be cited as the Bretton Woods Agreements Aot No. 20 of 1950... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0002 | 2 | en | ed8fcb4cc79b18638d212543358805b6 | 1,679 | (2) The Minister of Finance is hereby authorised, on behalf of the Government, to create and issue to the International Monetary Fund, in such form as he thinks fit, any such non-interest-bearing and non-negotiable notes or other obligations as the Fund may, under section 5 of Article. Ill of the Fund Agreement, determ... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0003 | 3 | en | 7ccafda6f1e2292bdb15793c7743778a | 1,975 | (2) The Minister of Finance, if he thinks fit so to do, may, on behalf of the Government, create and iss je to the International Monetary Fund, in such form as he thinks fit, any such non-interest-bearing and non-negotiable notes or other obligations as the Fund may under section 5 of Article III of the Fund Agreement ... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0004 | 4 | en | b4d389e43f9761198ddf151aa1ff028a | 1,693 | 7. (1) For the purpose of providing any sums required to be paid out of the Consolidated Fund under sub-section (1) of section 3 of this Act, or under paragraph (a) or paragraph (6) or paragraph (e) of sub-section (1) of section 4 of this Act, or under section 5 or section 6 of this Act, the Minister of Finance is here... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0005 | 5 | en | 95fc68cba36c62caa4fbc4003d1a9131 | 1,814 | (2) All sums received by or on behalf of the Government of Ceylon from the International Monetary Fund or from the International Bank for Reconstruction and Development, other than sums received by reason of operations of the Central Bank of Ceylon under Article V or Article VII or Article VIII of the Fund Agreement, s... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0006 | 6 | en | ec6395fa3cec82882eb2c280e0b56076 | 1,853 | 2. Quota.—The quota of Ceylon shall bo $ 15,000,000.00.
3. Subscription.—The subscription of Ceylon shall be equal to its quota, and not less than 5 per cent, of the subscription shall be paid in gold and tho balance in the currenoy of Ceylon.
5. Determination of par value.—Within thirty days after the Fund so reques... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0007 | 7 | en | 5c8f29ebab7b452a6e1f0803d71ad161 | 2,015 | 8. Acceptance of Membership.—After the Fund shall have informed the Government of the United States of America that Ceylon has complied with the conditions set forth in paragraph 7 of this Resolution, Ceylon shall become a member of the Fund, as of the date when Ceylon shall have complied with the following requiremen... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0008 | 8 | en | 3f9a529862f6a17c1d8bffe886cc8f38 | 1,418 | 2. Subscription.—By accepting membership in the Bank, Ceylon shall subscribe to 150 shares'of the capital stock of the Bank at the par value of $ 100,000 per share.
3. Membership in the Fund.—Before accepting membership in the Bank, Ceylon shall accept membership in and become a member of the International Monetary Fu... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0009 | 9 | en | c2cdafa104300642298d5327245581be | 1,845 | 5. Representation and Information : Before accepting membership in the Bank, Ceylon shall represent to the Bank that it has taken all action necessary to sign and deposit the instrument of acceptance and sign the Articles as contemplated by paragraph 6 (a) and (ft) of this resolution and Ceylon shall furnish to the Ban... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0010 | 10 | en | 8cdc793e51c2467a91cb990ef6cbfff5 | 1,915 | ORDER made by the Governor-General under section 3 (1) of the Supplies and Services (Transitional Powers) Act, 1945, of the Imperial Parliament, as adapted, modified and extended to Ceylon by the Supplies and Services (Transitional Powers) (Colonics, &c.) Order in Council, 1940. :
By His Excellency's command, Governo... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0011 | 11 | en | 8c91497713f8a6074f7bba5ac8e163c7 | 1,928 | WHEREAS the Defence (Finance) Regulations, the Defence (Finance No. 2) Regulations, the Defence (Finance No. 3) Regulations' and the Defence (Securities) Regulations, which have effect by-virtue of the Supplies and Services (Transitional Powers) Act, 1945, of the Parliament of the United Kingdom, are due to expire on t... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0012 | 12 | en | 72c14783984d8cb3f77ec69f37a8c171 | 1,966 | (3) Regulations 4, 46, 52, 53, 5 4 and 5 5 of the Defence (Miscellaneous) Regulations, as in force at the appointed date, shall from the appointed date have the force of law by virtue of this Act and as though they were herein enacted, so however that references in any of those Regulations to any defence regulation sha... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0013 | 13 | en | 81580cf6d14eb25063d60a081f01c50c | 2,008 | Currency Unit Parity Bs. c. Pound 10.68 Rupee 1.00 Dollar 4.33* Kroner 0.69 Rupee 1.00 Yen .0132 Pound 13.23 Rupee ] .44 Peso 2.38 Dollar 1.55 Pound 13.34f Kroner 0.92 Franc 1.11 Pound 13.34 Dollar 4.76
, Circular No. 1 28th August, 1950.
CENTRAL BANK'S EXCHANGE RATES
(Reference : Section.73 of the Monetary Law Act)... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0014 | 14 | en | 4aeb12b9640ecfdb30ca72be8190e49a | 2,002 | Central Bank buying rates for telegraphic transfers Sterling (per Ceylon rupee)
Central Bank selling rates for telegraphic transfers
Spot . .
Forward (up to six months) Forward (up to six months) against purchase of forward dollars of corresponding delivery
Spot Forward (up to six months)
Indian Rupee (per 100)
S... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0015 | 15 | en | b722bae3ad4550193a19cc8583722366 | 1,861 | 4.77i 4.34 100 1/32 10.73 (Corresponding to 1/10 3/8 per rupee)
144.41 (Corresponding to (Corresponding to 69} Pakistan 69J Pakistan
rupee) 4.75 4.31} 99 29/32 •
143.36
'rupees per 100 Ceylon rupees)
rupees per 100 Ceylon rupees)
JOHN EXTER, Governor, Central Bank of Ceylon.
Circular No. 2/1
COMMERCIAL BANKS' E... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0016 | 16 | en | 98c74960c5e4cd592aa53dbbcf203917 | 1,987 | demand deposits ; and (b) in the case of time and savings deposits, be an amount equal to five per centum of the total of
such deposits.
The percentages specified above shall be deemed to constitute the reserve ratios applicable respectively to the classes of deposit liabilities mentioned above.
Each amount so calc... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0017 | 17 | en | d4703a04c46ce793ef9f5e487e74de49 | 1,852 | " Bank holiday " means any day declared to be a bank holiday by or under the Holidays Ordinance ; " demand deposits " means all those liabilities, of the commercial banks which are denominated in Ceylon currency and are subject to payment in legal tender upon demand by cheque, draft, or order ; but does not include any... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0018 | 18 | en | e9155b6b5752b1438dca32dd6dc8f4ab | 1,970 | " note " means a currency note of the Central Bank, including a currency note issued or deemed to be issued by the Board of Commissioners of Currency under Ordinance, No. 21 of 1941 ;
" number " includes the letters of the series to which the note belongs ;
3. No claim in respect of a half note or a mismatched note s... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0019 | 19 | en | 2655b6f0809d0c89c467da0455988424 | 1,986 | 9. No claim in respect of an altered note shall be entertained. The authorised officer shall retain every altered note tendered for payment, whether or not the alteration has been made with intent to defraud, and may in addition require every tenderer of an altered note to state in writing the circumstances in which s... |
cbsl_annual_reports | 1950-01-01-1950-10-Appendix-01-en | 1950_10_Appendix_01_en | 1950-01-01 | Major Legal Enactments Adopted by Government in 1950 & Major Administrative Measures Adopted by the Monetary Board in 1950 | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_10_Appendix_01_en.pdf | 1950-01-01-1950-10-Appendix-01-en-0020 | 20 | en | 62ac8b9ef72bf54b17950959b18ee773 | 1,826 | (5) If the authorised officer is not satisfied that the counterpart of the section of the note tendered has been lost or destroyed in such circumstances that there is no probability of its being presented at some future date, he may order half the value of the note to be paid or reject the claim.
13. Save as otherwise... |
cbsl_annual_reports | 1950-01-01-1950-11-Appendix-02-en | 1950_11_Appendix_02_en | 1950-01-01 | Statistical Tables | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_11_Appendix_02_en.pdf | 1950-01-01-1950-11-Appendix-02-en-0000 | 0 | en | f3ac466b4820d32943ae42237fcfbaa2 | 2,015 | 35
A P P E N D I X I I
STATISTICAL STATEMENTS
STATEMENT 1A
MONEY SUPPLY
(End of Year, end of Quarter and end of Month Figures, in Rupees Million)
End of Period
(1) (2) (3) Currency Currency Currency Circulation held by held by Gross Government Banks
(4) Currency Circulation
Active ( l ) - ( 2 ) - ( 3 )
Amount... |
cbsl_annual_reports | 1950-01-01-1950-11-Appendix-02-en | 1950_11_Appendix_02_en | 1950-01-01 | Statistical Tables | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_11_Appendix_02_en.pdf | 1950-01-01-1950-11-Appendix-02-en-0001 | 1 | en | 33836832283823f9c3d22f196605ee2c | 1,732 | 1948 March .. 376-8 . . 2 6 . . 1 4 4 3 . . 229-9 . 41-0 . . 431•5 . . 1013 . . 3 3 0 2 . 59-0 . . 560 1 June .. .. 386-8 .. 3 3 . . 1 5 3 0 . . 2 3 0 5 . 40 4 . . 438-3 . . . 9 7 6 . . 3407 . 59 6 . . 571-2 September .. 396-9 .. 4 7 . . 1481 . . 2441 . 42-9 . . 463-4 . . 1276 . . 3358 . 57-1 . . 579-9 December .. 4 2 ... |
cbsl_annual_reports | 1950-01-01-1950-11-Appendix-02-en | 1950_11_Appendix_02_en | 1950-01-01 | Statistical Tables | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_11_Appendix_02_en.pdf | 1950-01-01-1950-11-Appendix-02-en-0002 | 2 | en | 8b2bd014409038150c679eb48ce23f5b | 1,646 | 4 6 5 8 .. 3 2 . . 220-3 . . 2423 . 36 5 . . 5 7 1 5 . . 150-7 . . 420-8 . 63 5 . . 663-1 4 3 2 6 .. 2 6 . . 1 8 4 8 . . 245-2 . 36-7 . . 565-7 . . 1429 . . 422-8 . 63 3 . . 668 0 3 6 9 6 .. 3 1 . . 1 2 0 4 . . 2 4 6 1 . 3 6 5 . . 5359 . . 1081 . . 427-8 . 63 5 . . 673 9 351-1 .. 3-5 . . 99-6 . . 248-0 . 36-7 . . 5344 ... |
cbsl_annual_reports | 1950-01-01-1950-11-Appendix-02-en | 1950_11_Appendix_02_en | 1950-01-01 | Statistical Tables | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_11_Appendix_02_en.pdf | 1950-01-01-1950-11-Appendix-02-en-0003 | 3 | en | 0cc247d59df9ac05de531585f347afc7 | 1,362 | agencies and institutions with Central Bank from October, 1950. (6) Includes semi-Government deposits up to September, 1949. Thereafter the figures relate to Government deposits only. (7) Total demand deposits minus Inter-bank, Government and semi-Government deposits up to September, 1949 ; thereafter minus Inter-bank ... |
cbsl_annual_reports | 1950-01-01-1950-11-Appendix-02-en | 1950_11_Appendix_02_en | 1950-01-01 | Statistical Tables | https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports/annual-report-1950 | en | https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/annual_report/archives/en/1950_11_Appendix_02_en.pdf | 1950-01-01-1950-11-Appendix-02-en-0004 | 4 | en | d8efed0a7cdb27563ff4839329333541 | 2,057 | Cumu- Cumu- Cumu- Cumu- Cumu- Cumu- Cumu- Cumu- Cumu-Amount lative Amount lative lative Amount lative Amount lative Amount lative Amount lative Amount lative lative change change change change change change change • change change
• 4 -
Source: Central Bank of Ceylon.
40
STATEMENT 2 s
i:
ASSETS AND LIABILITIES OF ... |
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