FOREIGN EXCHANGE

Dominion, Volume 28, Issue 98, 19 January 1935, Page 10

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. tepresenis on demand transactions. The above rates are subject to alteration without notice. New Zealand Pound Abroad R 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 iu Australia. 16/- in U.S.A. 15/10 in Canada; 9/6 in France. 9/9J in Italy. 9/4J in Germany. 9/4J in Java. £l/7/11 iu Japan. Dividends and Calls Dividends— Due. lI.M. Arcade —final pref,, 5 1-5 p.c. per annum, ord. 3J p.c. Jan. 23 Hume Steel—pref. 10 p.c Jan. 24 Kuala Lumpur Tin, 6d. a share Jan. 25 Mining Trust—l 24 p.e Jan. 25 Union Bank—interim, 2/6 a share Jan. 30 Megitt Ltd.—Half-yearly pref. 10 p.c. per annum, less statutory deduction, and 5 p.c. per annum Jan. 31 Farmer and Co. Ltd ly, first pref., 6 p.c. per annum; second pref., 7 p.e. per annum Jan. 31 Aust. Gen. Ass.—B p.c Jan. 31 Wgtn. Trust and Loan —5J p.c. Feb. 1 Trustees, Executor s Agency—int., 6 p.c., p.a. Feb. 1 A. ,P. Assurance—2l p.c Feb. 5 Wgtn. Gas Co.—4 p.c. final, making S p.c. for year .... Feb. 5 Merc. Mut. Ins.—int., halfyearly, 3 p.e Feb. 7 Commercial Bank of Aust.—interim, pref. 4 p.c, p.a.; ord. 5 p.c. p.a Feb. 8 N.Z. Insurance—interim, 1/- a share Feb. 13 Queensland Nat. Bank—int.. half yearly, 4 p.e. per annum Feb. 14 N.Z. Refrigerating—sl p.c. ... — Electro Zinc—int. pref., 8 p.e. p.a. Mar. 13

Position of Sterling Rv Telegraph.— Press Assn. —Copyright London, January 17. The following rates on foreign exchanges wore current to-day. compared with thos*> ruling on January 16:— Jan. 17. Jan. 16. Par. N. York. dol. to .C 4.87 7-8 4.88 $4,866 .Montreal, dol. to £ 4.87 J 4.87 7-8 4.866 Paris, fr. to £ 74 0-32 74 9-32 124.21 Brussels, bel. to £ 20.99 20.97 35.00 Geneva, fr. to £ 15.145 15.135 25.225 Amst’dam., fl. to £ 7.24 J 7.24} 12.107 Milan, lire to £ 57.375 57 5-16 92.46 Berlin, mks. to £ 12.21 12.265 20.43 St’holm., knr. to £ 19.395 19.395 18.159 C’hagen. knr. to £ 22.395 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.625 26.625 34.585 Prague, knr. to £ 117.125 117.125 164.25 Hel’fors. mks. to £ 226.50 226.50 193.23 Madrid, pes. to £ 35 13-16 3513-16 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ *514 *512 375 Belgrade, din. to £ 216 216 276.31 Bucharest., lei to £ 457.50 485 813.60 Warsaw, zloty to £ 25.93 - 43.38 Rio de •!.. p. to mil. t4l H.| 5.899 B. Aires, p. to peso f3GJ v36} 47.62 M. Video, p. to peso $39 7-8 t4O 51 Calcutta, p. to rup. IS 1-8 18 1-8 Shanghai, p. to dol 17 1-8 17 1-16 — H.-Kong, p. to dol. 21 7-16 21} Y’hama, p. to yon 13 5-32 13 5-32 24.582 Batavia, fl. to £ 7.225 7.205 12.107 official *Sellers sPar. 8.23 31-32 since dollar devaluation •»>’ rebrunrv 1. 1934 Gold and Silver! London, January 17. Gold. £7/1/11 per fine ounce. Silver—Cash. 24 5-Sd. i>er ounce: forward. 24}d

BASE METALS MARKET Prices Fairly Steady Kv Telegraph.—Press Assn.—Copyright (Received January IS. 9.35 p.m.) London, January 17. Tlit*'official London (middle) quotation!* for Thursday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled:— Jan. 1(1. Jan. 17. Per ton Per ton Copper - C s d s d Standard 27 16 10i 27 14 41 Standard, forward 28 4 1A 28 1 10i Fleet roly tic .... 31 « <1 31 (J 0 lo 31 l(i C 31 5 (I Wire bars 31 10 0 31 5 0 LeadSpot 10 3 9 10 5 0 Forward 10 8 9 10 10 0 Spelter— Spot 11 17 6 U 18 9 Forward 12 3 9 12 5 0 Tin—-i-Spol 230 7 G 230 1G 3 Forward 228 17 G 228 1G 3 Silver— Standard, per oz. . 24 9-l Gd. 24 5-Bd. Fine 26K1. 26 9-l Gd. tAmerican, 50.40 cents a lb.

France — Buying. (10.33 60.63 Selling. 59.03 59.08 Francs to fl N.Z T.T. O.D. Noumea— Francs to £1 N.Z T.T. 61.28 5S.28 O.D. 61.68 58.33 Papeete— Francs to £1 N.Z T.T. 61.28 58.28 O.D. 61.68 58.33 Belgium— Belgas to £1 N.Z T.T. 17.243 16.543 O.D. 17.343 16.558 Germany— Heichmarks to £1 N.Z. T.T. 9.606 O.D. — . 9.611 Italy— Lire to £1 N.Z T.T. 45.40 O.D. — 45.44 Switzerland — Francs to £1 N.Z T.T. 12.387 11.987 O.D. 12.462 11.997 Holland— Florins to £1 N.Z T.T. 5.960 5.710 O.D. 6.010 5.714 Java — Florins to £1 N.Z T.T. 5.915 5.690 O.D. 5.965 5.694 Japan— N.Z. pence to 1 yen T.T. ■ 178 Shanghai— N.Z. pence to 1 dollar T.T. 2011-16 22 O.D. 20 9-16 21 15-16 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 22S Hong-Kong— . N.Z. pence to 1 dollar T.T. 25 31-32 27 1-32 O.D. 25 27-32 26 31-32 Singapore— N.Z. pence to 1 dol. T.T. 34 7-16 35| O.D. 34 5-16 35 5-16