PRICE OF GOLD

Press, Volume LXXI, Issue 21412, 2 March 1935, Page 10

PRICE OF GOLD

LONDON, February 28. Gold reached the further record high level of £7 4s Id. Quotations (a

FOREIGN EXCHANGES (BRITISH OFFICIAL WIBELESS )

FOREIGN EXCHANGE RATES Tim Bank of. New South Wales. Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. All rates are subject to alteration without notice: London— Buying. Sellin". XN.Z. to £ etg. 100 T.T. 121 104J O.D. Wo'j Australia XA to XN.Z. 100 .. T.T. 101 100} O.D. 1.01 100'.' i'ljiXF to XN.Z. 100 .. T.T. 90g 80 90y 89 New YorkDollar to XI N.Z. T.T. 3.924 3.87;! O.D. VJ3JJ 3.87 i .MontrealDollar to XI N.Z. T.T. 3.92; :i.Boi O.D 3.93 i 3.8*2 France Francs to XI N.Z. T.T. 59.21 57.01 O.D. 59.51 57.96 Noumea—i'rancs to £1 N.Z. T.T. 60.10 57.16 O.D. G0.56 57.21 Papeete— Francs lo XI N.Z. T.T. 60.16 57.16 O.D. 60.56 57.2J Belgium— Belgas to XI N.Z. T.T. J6.897 16.197 0.1). 16.997 10.212 Germany— Lieichimirks to XI N.Z. .. T.T. -■ 9.106 O.U. -- 3.411 Huh— Lire to XI N.Z. .. T.T. - - 11.97 O.I"). - 15.01 Switzerland— Francs to XI N.Z. T.T. 12.152 11.752 O.I). 12.227 11.762 HollandFlorins to XI N.Z. T.T. 5.813 5.693 O.D. 5.893 5.697 Java Florins lo XI N.Z. T.T. 5.810 5.5A5 O.D. 5.860 5.559 Japan— N.Z. pence lo 1 ven T.T. -■ 17 11-16 O.D. - - Shanghai— N.Z. pence to 1 do!. T.T. 23 215-16 O.D. 22a 2U lndni and Ceylon— N.Z. pence to nip. T.T. 22;! 22 23-32 O.D. 22J 22 31-32

tlun<? K.ong— N.Z. pence to Idol. T.T. 28 1-16 29 & O.D. 27 15-16 29 1-10 Singapore— N.Z. pence to 1 dol. T.T. M$ 35 5-16 O.D. m 35} DOLLAR-STERLING EXCHANGE The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates yesterday, which are subject to alteration without notice: U.S.A. Canada, dol. dol. Conversion of dollar bills received for collection and sale of dollar drafts and telegraphic transfers .. . I.S-2 -1.58 Purchase of dollar bills 4. 86 4.87 On a New Zealand currency basis these rates are equivalent to: Selling— U.S.A. Canada, dol. dol. T.T. .. .. 3.87.4 3.57J On demand -. .. 3.87?, 3.88 i Buying— On demand .. .. 3.932 3.94J

CITY PROPERTY DEAL BUILDING TO BE ALTERED FOR OFFICE SUITES The Somerset building, a large twostoreyed brick building in Hereford street, next to the premises of the NewZealand Refrigerating Company, Ltd., was sold yesterday for a sum less than £30,000. The vendors are the trustees of the G. F. Bullen estate. The deal was made by T. N. Gibbs and Company for a client whose name has not been disclosed. The deal was arranged some months ago. The building covers more than a quarter of an acre of land, has a frontage of 84 feet and a depth of two chains and a half. It is intended to remodel the premises as modern suites of offices, and the work will probably be started within the next few months. Messrs Baker Bros, report that lettings are still very brisk, they having let during February, 29 houses, three suites of offices, two city shops, and a large warehouse in Lichfield street. —8 CLEARING SALE Messrs C. E. Jones, Ltd., report having held a clearing sale on the premises, 172 Opawa road, yesterday, on account of Mr Loversidge. There was a good attendance, and among the articles sold, the following prices were realised:—Radio radiette £6, old piano £4, bicycle £3 7s 6d, bicycle £1 10s, rug £2 7s 6d, couch £1 10s, gramophone £1 10s, sideboard £1 10s, two 3ft bedsteads £4 Bs, Singer sewing machine £B, bedstead £2, runner and linoleum £2 6s, baby duchesse £1 17s, linoleum £l, pramette £1 4s. —8

fine ounce) are:— £ s. d. February 28 .. 7 4 1 February 27 .. 7 3 114 February 26 .. 7 3 64 February 25 .. 7 3 94 February 23 .. 7 3 11 February 20 .. 7 2 94 February 16 .. 7 2 84

HUG BY, Kebru ary 28. Par. Feb. 27. Feb. 28. Paris, fr. lo £1 124.21 73 15-16 72 57-64 New York, dol. lo £1 4.866 4.86J 4.84E Montreal, dol. to il 4.866 4.86J 4.85i Brussels, belgas to £1 35 20.H6& 20.55J Geneva, fr. to £1 25.2215 14.92 14.85 Amsterdam, fl. to £1 12.107 7.141 7.101 Milan, lire to £1 03.47 57 56 13-10 Berlin, reichmarken to £1 20.43 12.03i 11.97 Stockholm, kr. to £1 18.159 19.39J 19.391 Copenhagen. kr. to £1 18.159 22.39i 22.39J Oslo. kr. to £1 18.159 19.901 19.90J Vienna, schgs. to £1 34.585 26 26 Prague, kr. to £1 164.25 115.38 115 3-16 Helsingfors, marks lo £1 193.23 226i 226J Madrid, pesetas to.U 25.2215 35 5-10 35 5-16 Lisbon, escudos to £1 110 110} 1101 Athens, drach to £1 875 510 509 Bucharest, lei to £1 818.6 491;?. 480 Belgrade. dinars 25.2215 21.5 21.3 Rio de Janeiro, pence to milreis 4.802 -It 4.1 Buenos Airec. pence to dol. 5 7 30A 30 i Montevideo, pence to dol. 57 404 4 04 Bombay, pence to rupee 19 18 5-32 18 5-'3 2 Shanghai, pence lo dol. * IK 19 Hong Kong, o pence to dol. * 2 0 J 22 IS 16 Yokohama, pence to yen * - 14 1 32 Batavia, guilders 12.107 7.1 2i T.lli Warsaw, par zlotys to £1 43.36 ,_. 25.62 *Determi ned by p. rice of si lver.