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 . — Buying. Selling.
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 Erance. 9/9 J -in Italy. 9/4$ in Germany. 9/4} in Java. £l/7/11 in Japan. Position of Sterling Bv Telegraph.—Press Assn.—CopyrigbtLondon, January 1(1. The following rates on foreign exchanges were current to-daycompared with those ruling on January 15:— . Jan. 16. Jan. Io- rar.
JPar, 8.23 31-32 since dollar devaluation on February 1. 1934. Gold and Silver. London, January 10. Gold.—£7/1/0 per fine ounce. Silver—Cash, 24 9-10 d. per ounce; forward, 24 11-lfld. WELLINGTON TRUST & LOAN Dividend, 5| Per Cent. The directors of the Wellington Trust, Loan and Investment Co., Ltd., m their sixty-second annual report to be presented at the general meeting on February 1 state that the sum to the credit ot profit and loss on the with the amount of £4249/19/- brought forward from the previous year, amounts to £12,278/18/6, from which £3l2u has been paid as an interim dividend at the rate of 21 per cent, for the half-year ended June 30, 1934. As a precautionary measure the board has deemed it prudent to strengthen the special reserve account, and a stun of £l6OO has been transferred thereto, the balance standing m this account now being £5OOO. The directors recommend that a further dividend be declared on the paid-up capital at the rate of 3 per cent for the half-year ended December 31. 1J34, amounting to £3750 (making 51 per cent, for the year), and that the balance. £44ou 18/6. be carried forward It « with regret the directors report that during the year, owing to ill-liealth. Mr W. 11. Millward resigned his seat on the’ board. Mr. 11. A Holmes was appointed to fill the vacancy. The retiring directors, Mr. J. A. I'lim'mer and Dr. C. Prendergast Knight, ..nd the auditors, Ernest W. Hunt, and George I'. Judd, otter themselves for re-election. The dividend rate is unchanged on the vear ended December 31. 1933, while in the previous year the distribution was 6 per cent. LOWER RATES WANTED Freight on Wool and Meat Bv Telegraph.—Press Assn. —Copyright. Sydney, January Ib. The Australian Graziers’ Federal Council has decided to ask the Commonwealth Government to amend the Industries Preservation Act. in order to permit open competition in the transport of wool and meat overseas. The council points out that the overseas Transport Association, which is allied to the Overseas Shipping Representatives’ Association, had power to make freight agreements, and that the request for "freight reductions made some months ago had been ignored by the Shipowners Council; therefore the Graziers’ Association asks for the abolition of the Overseas Transport Association.
France — Francs to £1 T.T. O.D. (10.33 60.63 59.03 59.08 Noumea — Francs to £1 N.Z T.T. 61.28 58.28 OD. 61.68 58.33 Papeete— Francs to £1 jV./ T.T. 61.28 58.28 O.D. 61.68 58.33 Belgium— Bel gas to £1 N.J6 T.T. 17.227 16.527 0.1). 17.327 16.5-12 Germany— Iteichmarks to £1 N.Z. T.T. — 9.594 0.1). — 9.599 Italy— Lire to £1 N" r /i T.T. — 45.40 O.D. — 45.44 Switzerland — Francs to £1 11.979 N.Z T.T. 12.379 O.D. 12.754 11.980 Holland — Florins to £1 N.Z T.T. 5.956 5.706 O.D. 6.006 5.710 Java — Florins to £1 N.Z T.T. 5.S99 5.674 O.D. 5.949 5.678 Japan— N.Z. pence to J yen Shanghai— N.Z. pence to T.T. 20 11-16 17 19-32 1 dollar T.T. O.D. 21 15-16 20 9-16 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 22fi Hong-Kong— N.Z. pence to 1 dollar T.T. 25 29-32 26 31-32 O.D. 25 25-32 26 29-32 Singapore— N.Z. pence 34 7-16 to 1 dol. T.T. 35® O.D. 34 5-16 35 5-16
N. York, dol.. to £ 4.8S 4.85 $4,860 Montreal, dol. to £ 4.S7 7-8 4.84} 4,800 Paris, fr. to £ 74 9-32 74 27-32 I 124.21 Brussels, bel. to 20.97 21.10 3>).OO Geneva, fr. tO' *_■ 15.135 15.25 Amsterdam, fl. to £ 7.24} 7.30_ 12.107 ■Milan, lire to £ 57 5-10 57. i o 92.46 ■Berlin, mks. to £ 12.205 12.265 20.48 St’holra., knr. to £ 19.395 19.395 18.159 C’hagen, knr. to Oslo, knr. to £ 22.395 22.395 18.159 £ 19.90 19.905 18.159 Vienna, schgs. to £ 26.025 26.625 34.58o Prague, knr. to £ 117.125 118 164.25 Hel’fors, mks. to £ 220.50 226.50 193.23 Madrid, pcs. to £ 3513-16 30.125 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to *512 •515 375 27(5.31 813.60 Belgrade, din. to Bucharest, lei to £ £ 210 4615 215 485 Warsaw, zloty to £ — — 43.38 Rio de J., P. to mil. 14} 14} 5.899 B. Aires, p. to peso JI. Video, p. to peso • 136} ','36} 47.62 ho ■; ■10 18 Calcutta, p. to rup. IS 1-8 18 1-8 ■Shanghai, p. to dol. . 171-16 17 3-10 •— II.-Kong, p. to dol. Y’hama. n. to yen 21} 13 5-32 21 1-8. 13 5-32 24.582 Batavia, fl. to £ 7.205 7.205 12.107 tSelle’rs, official. •Sellers.,,
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Dominion, Volume 28, Issue 97, 18 January 1935, Page 12
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864FOREIGN EXCHANGE Dominion, Volume 28, Issue 97, 18 January 1935, Page 12
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