FOREIGN EXCHANGE

Dominion, Volume 28, Issue 94, 15 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. i epresents 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/- in U.S.A. 15/10 in Canada. 9/6 in Franco. 9/9} in Italy. 9/4} in Garmany. 9/4} in Java. £l/7/10 in Japan. Position of Sterling By Telegraph.—Press Assn.—Copyright. London, January 12. The following rates on foreign exchanges were current to-day, compared with those ruling on January 11-:—

‘Sellers, official. ‘Sellers. jpar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, January 12. Gold—£7/1/7* per fine ounce. Silver —Cash, 24 7-l Cd. per ounce; forward, 24 9-16 d. Dollar Conversion Rates The Associated Banks have agreed that the conversion rates from January 14 will be U.S.A. Canada Conversion ot dollar bills received for collection and sale of dollar drafts .. 4.85 4.84 Purchase of dollar bills 4.95 4.94 These conversion rates are, of course, quoted on a sterling basis (London funds) and current rate of exchange New Zealand on London will be charged or allowed as the case may require. Customs Exchange Rates Rates of exchange ruling at the announced dates of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Canadian Britisher, Canada, dol. 4.54 3-8 Ben holm, America, dol. 4.94 1-16 Aorang:. Canada, dol 4.89*J Waikawa. America, dol 4.93 9-16 Golden Cloud, America, dol. .. 4.93 3-16 Brisbane Maru, Japan, yen .. 14d. Dividends and Calls Dividends— Due. Sulphide Corporation—2l p.c.. subject to income fax adjustment ... Jan. 14 Q. J. Coles and Co;, Ltd.—interim (ord.), 2J p.c. quarterly and (prof.) 4 p.c. halfyearly Jan. 15 Howard Smith, Ltd.—quarterly pref, at 8 p.c. per annum .. Jan. 15 N.Z. and River Plate Co.—3 p.c. for year Tan. 15 Hume Steel—pref. 10 p.c Jan. 24 Kuala Lumpur Tin, Gd. a share Jan. 25 Union Bank —interim, 2/G a share Jan. 30 A. P. Assurance —2 J p.c Feb. 5 Commercial Bank of Aust.—interim, pref. 4 p.c. p.a.; ord. 5 p.c. p.a Feb. 8 N.Z. Refrigerating—s£ p.c. ... — N.Z. Timber Trade Values of New Zealand's imports and exports of timber during November were: Imports: Australia, £34.379; Canada. £2SI2: Japan. £2046: Sweden, £1208: United States. £lO9l. ... Exports: Australia, 1.30,313; Pacific islands, £976; United Kingdom, £162.

Buying. Selling Era nee— Francs to £1 T.T. 60.33 59.03 O.D. 60.63 59.08 Noumea— Francs to £1 T.T. 61.28 58.28 O.D. 61.68 5S.33 Papeete— Francs to £1 58.28 N.Z. .... T.T. 61.28 O.D. 61.OS 58.33 Belgium— Belgas to £1 T.T. 17.215 16.5.10 O.D. •17.315 16.525 Germany— Reichinarks 9.602 to £1 N.Z. T.T. — O.D. — 9.607 Italy— Lire to £1 N.Z T.T. 45.40 Switzerland— Francs to £.1 O.D. — 45.44 11.981 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 5.689 N.Z T.T. 5.923 O.D. 5.073 5.702 Japan— N.Z. pence to 1 yen T.T. — 17 21-32 Shanghai— N.Z. pence to 1 dollar T.T. 20S 21 11-16 O.D. 20.1 21J India and Ceylon— N.Z. pence 22 9-32 to 1 rupee T.T. O.D. 22 5-32 22 9-16 Hong-Kong— N.Z. pence • to 1 dollar .T.T. 25 19-32 26 21-32 O.D. 25 15-32 26 19-32 Singapore— N.Z. pence 34 7-16 35J to 1 dol. TT.. O.D. 34 5-16 35 5-16

Jan. 12. Jan. 11. Par. N. York, dol. to £ 4.90 7-8 4.91 9-16 $4,866 Montreal, dot. to £ •1.89 4.89 4.866 Paris, fr. to £ 74 9-32 74 5-16 124.21 Brussels,bet . to £ 20.95 20.94 35.00 Geneva, fr. to £ 15.135 15.14 25.225 Amst’dam, fl. to £ 7.25} 7.25} 12.107 Milan, lire to £ 57 11-32 ! 57 5-16 92.46 Berlin, inks, to £ 12.22 12.22 20.43 St’holm., knr. to £ 15'395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo. knr. to £ 19.905 19.903 18.159 Vienna, scligs. to £ 26.025 26.625 34.58a Prague, knr. to £ 117 5-16 i 117.25 164.25 Ilel'fors, mks. to £ 226.50 226.50 193.23 Madrid, pes. to £ 35 27-32 35.825 25.225 Lisbon, esc. to £ 110.125 110.12-5 110 Athens, drach. to £ *514 *514 • >< • } Belgrade, din. to £ 216 216 276.31 Bucharest, lei to £ 4S7.50 485 813.60 Warsaw, zloty to £ —- —— 43.38 Rio de p. to mil. Hi Hi 5.899 B. Aires, p. to peso 136 J $36* 47 62 M.Video, p. to pest > 139 7-8 139 7-8 51 Calcutta, p. to rup. 181-16 181-16 18 Shanghai, p. to dot. 17 1-16 16 15-16 — H.-Kong, p. to dol. 211-16 21 —— Y'hama, p. to yen 14 14 24.582 Batavia, fl. to £ 7.205 7.205 12.107