EXCHANGE ON LONDON
SHARP ADVANCE IN RATES
Yesterday the following bank rates of exchange on London were put into.force:—
Buying (discount). Per cent. lis. 6cL on demand 1 20s. 30 days. 275. fid. 60 days. 575. 6d. 9G daya. 475. 6d. 120 daye. Selling (premium). 20s. on demand. 12s. 6d. 50 days, ss. (0 daya. Par SO days. Telegraphic transfers 305. There ig a rise of ss. per cent, all roufli on the selling rates, and telegraphic trans, fers over the rates ruling on Wednesday, The movement fa in sympathy with. the recent advanced reoorded in Australia, and is directly due to the adverse balance of Australian trade, and Government inter* ference with the free movement of goldThere is an embargo on the export gold from Australia, the Treasurer of th* present Labour Government holding tbs view that it was his dutr to hold cs anca gold as possible in Australia. It is a coincidence that the advance is asstonced at the same time as the arrival in Zealand of the general manager of tha Commonwealth Bank, who is believed to t» here on a business visit.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19160317.2.58
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 9, Issue 2722, 17 March 1916, Page 6
Word count
Tapeke kupu
187EXCHANGE ON LONDON Dominion, Volume 9, Issue 2722, 17 March 1916, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.