FOREIGN EXCHANGE

Dominion, Volume 28, Issue 88, 8 January 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wellington, quoted the following rates, for their purchases and sales of foreign exchange yesterday:—

T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration without notice. New Zealand Pound Abroad Based on the rates quoted yesterday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. £l/0/1 in Australia. 16/01 in U.S.A. 15/11J in Canada. 9/6 in France. 9/91 in Italy. 9/5 in Germany. 9/5 in Java. £l/7/10 in Japan. Position of Sterling By Telegraph. Press Assn.—Copyright. London, January 5. The following rates on foreign exchanges Mere current to-day, compared with those rnling on January 3: — Jan. 5. Jan. 3. Par. M. York, dol. to £ 4.92} 4.92} 14.866 Montreal, dol. to £ 4.891-8 4.88} 4.866 Paris, fr. to £ 74 9-32 74 7-32 124.21 Brussels, bel. to £ 20.93 20.95 35.00 Geneva, fr. to £ 15.135 15.105 25.225 Amst'dam, fl. to £ 7.25 7.24 12.107 Milan, lire to £ 5711-32 57.25 92.46 Berlin, inks, to £ 12.22 12.19 20.43 St'holm.. knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.150 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 26.625 26.625 34.585 Prague, knr. to £ 117.25 117.50 164.25 Hel’fors, mks. to £ 226.50 226.50 193.23 Madrid, pes. to £ 35 27-32 3513-16 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, draeh. to £ *516 *516 375 Belgrade, din. to £ 216 216 276.31 Bucharest, lei to £ 490 490 813.60 Warsaw, zloty to £ — 26.06 43.38 Rio de J.; p. to mil. TH f4} 5.899 B. Aires, p. to peso t36i 136} 47.62 M. Video, p. to peso f 39 7-8 139 7-8 51 Calcutta, p. to rup. 181-16 181-16 18 Shanghai, p. to dol. 17 — — H.-Kong, p. to dol. 20} 20} — Y'hama, p. to yen 14 14 24.582 Batavia, fl. to £ 7.235 7.235 12.107 t Sellers, official. *Sellers. jPar, 8.23 31-32 since dollar devaluation on February 1. 1934. Gold and Sliver. London, January 5. Gold—£7/1/74 per fine ounce. Silver—Cash, 24 11-16 d. per ounce; forward, 24 13-16 d. Dollar Conversion Rates The Associated Banks have agreed that the conversion rates from January 7 will be:— U.S.A Canada Conversion of dollar bills received for collection and sale of dollar drafts .. 4.87 4.84 Purchase of dollar bills .. 4.97 4.94 These conversion rates are, of course, quoted on a sterling basis (London funds) and current rate of exchange New Zealand «a London will be charged or allowed as the case may require. Dividends and Calls Dividends— Due. Bulolo Gold Dredging—interim,

Buying. . Selling. France— Francs to £1 N.Z T.T. 60.33 59.03 O.D. 60.63 59.08 Noumea— Francs to £1 58.28 N.Z T.T. 61.28 O.D. G1.6S 58.33 Papeete— Francs to £1 58.28 N.Z T.T. 61.28 O.D. 61.68 58.33 Belgium— Belgas to £1 16.499 N.Z T.T. 17.199 O.D. 17.299 16.514 Germany— Beichmarks 9.618 to £1'N.Z. T.T. —— O.D. 9.623 Italy— Lire to £1 N.Z T.T. — 45.40 O.D. — 45.44 Switzerland — Francs to £1 11.981 N.Z T.T. 12.381 O.D. 12.456 11.991 Holland— Florins to £1 5.712 N.Z. .... T.T. 5.962 O.D. 6.012 5.716 Java — Florins to £1 N.Z. .... T.T. 5.923 5.698 O.D. 5.973 5.702 Japan— ' N.Z. pence 17 21-32 to 1 yen T.T. — Shanghai— N.Z. pence to 21 27-32 1 dollar T.T. 20 17-32 O.D. 20 13-32 21 25-32 India and Ceylon— N.Z. pence 22 9-32 22F to 1 rupee T.T. O.D. 22 5-32 22 9-16 Hong-Kong— N.Z. pence 26 31-32 to 1 dollar T.T. 25 29-32 O.D. 25 25-32 26 29-32 Singapore— N.Z. pence 35| to 1 dol. T.T. 34 7-16 O.D. 34 5-16 35 5-16

DO cents Canadian, less tax of 5 p.c Jan. 10 Mount Morgan—int., Gel. a share Jan. 10 Placer Development—interim, 1 dollar 80 cents Canadian, less tax of 5 p.c Jan. 10 N.Z. and Hirer Plate Co.—3 p.c. for year 15 Kuala Lumpur Tin. Cd. a share ‘Jan. 25 A. P. Assurance—2} p.c Feb. 5 Commercial Bank of Aust.—interim, pref. 4 p.c. p.a.; ord. 5 p.c. p.a Feb. 8 Union Bank—interim, 2/6 a share Feb. —