FOREIGN EXCHANGE

Dominion, Volume 28, Issue 105, 28 January 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis LATEST QUOTATIONS The Bank of New South Wales, Wel- ’ lington, quoted the following rates for their purchases and sales of foreign exchange on Saturday :—

T.T. represents telegraphic transfers. O.D. lepresenis on demand transactloThe above rates are subject to alteration without notice. New Zealand Pound Abroad Based on Abe rates quoted on Saturday by the Bank of New South Wales, £1 New Zealand was worth approximately: 16/1 in London. , £l/0/1 in Australia. 15/11} in U.S.A. 15/10J in Canada. 9/6} in France. 9/101 in Italy. 9/5 in Germany. 9/5} in Java. £l/7/11 in Japan. Position of Sterling By Telegraph.—Press Assn- —Copyright. London, January 25. The following rates on foreign ex were current to-day, compared with those ruling on January 24:—

tSellers, ofilclal. ‘Sellers. JPar, 8.23 31-32 since dollar devaluation on February 1. 1934. Gold and Silver. London, January 25. Gold—£7/1/4 per fine ounce. Silver—Cash, 24 5-Bd. per ounce; forward, 24Jd. London, January 26. Gold—£7/1/8 per fine ounce. , Sterling exchange, London on New York, 4.86 9-16 dollars, on Paris 74.625 francs, on Batavia 7.245 florins.

Government Stocks By Telegraph.—Press Assn. —Copyright. London, January 24. The following table gives quotations for | consols and colonial inscribed stocks 011 the Stock Exchange to-day, compared with those of January 17:— Price. Variation.

British Treasury Bills (British Official Wireless., Rugby, January 25. There was a new low record rate ■ I borrowing on Treasury Bills ti>-oay. ire amount applied for in lenders tor £2.,.000.090 of bills was £23.(>56.0()J. and the amount allotted in bills at three months was £23,000.000. The average rate per cent, was 3/10.914.. as compared with 5/4.55(1. last week. Chicago Wheat Futures By Telegraph.-Press Assn.—Copyright (Received January 27. 6.30 pan.). New York. January 26. Chicago wheat futures: May, 97:} cents a bushel; July, 89 3-8; September, 87 5-8. New York, cash, 116 J cents.

France — Buying. 60.58 60.8S Selling 59.2S 59.33 Francs to £1 N.Z T.T. O.D. Noumea — Francs to £1 N.Z T.T. 61.53 58.53 G.D. 61.93 58.58 Papeete— Francs to £1 58.53 N.Z T.T. 61.53 O.D. 61.93 58.58 Belgium— Bclgas to £1 16.628 N.Z T.T. 17.328 O.D. 17.428 16.643 Germany— Reicbmarks 9.626 to £1 N.Z. T.T. —— O.D. —— 9.631 Italy— Lire to £1 45.5S . to £1 N.Z. T.T. —— O.D. — 45.62 i Switzerland — Francs to £1 N.Z T.T. 12.437 12.037 O.D. 12.512 12.047 Holland— Florins to £1 N.Z T.T. 5.980 5.730 O.D. 6.030 5.734 Jara — Florins to £1 5.939 N.Z T.T. 5.714' O.D. 5.989 5.718 Japan— N.Z. pence T.T. 175 to 1 yen —— Shanghai— N.Z. pence to 20 29-32 22 7-32 1 dollar T.T. O.D. 20 25-32 22 5-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 225 22 23-32 22 21-32 O.D. 22} Hong-Kong— N.Z..pence to 1 dollar T.T. 26} 27 3-16 O.D 26 27} Singapore — N.Z. pence to 1 dol. T.T. 34 7-16 35} O.D. 34 5-16 35 5-16

.Tan. 25. Jan. 24. Par. N. York, dol. to 4.87$ 4,88 9-16 74.866 Montreal, <lol. to 5 4.88 4.880 4. OUl> Paris, fr. to £ 7419-32 7417-32 124.21 Brussels, bel. to Geneva, fr. to £ 21.09 15.20 21.09 15.19 35.00 25.225 Amst'dam, fl. to £ 7.275 7.275 12.107 Milan, . lire to £ 57.625 57 9-16 92.46 Berlin, inks, to 12.25 12.25 20.43 St’holm.i knr. to C’hagen, knr. to Oslo. knr. to £ £ 19.395 22.395 19.90 19.395 22.395 19.90 18.159 18.159 18.159 Vienna, schgs. to Prague, knr. to Hel’fors, inks, to Madrid, pes. to Lisbon, esc. to £ £ £ £ £ 26.50 117.625 226.50 36 110.125 26.20 34.063 117 9-16 164.25 226.50 193.23 35 31-32 25.225 110.125 110 Athens, drach. to £ *517 •516 370 Belgrade, din. to i ■ 217 218 ’ 276.31 Bucharest, lei to X* 490 487.50 813.60 Warsaw, zloty to £ — 25.93 43.38 Rio de J., p. to mil. 74J t,4i 5.899 B. Aires, p. to peso 7361 7361 47,62 M. Video, p. to peso 739 5-8' 739 ’0-8 51 Calcutta, p. to rup. 181-8 18 1-8 18 Shanghai, p. to c lol. 17 3-8 17 7-16 — H.-Kong, p. to dol. 214 214 Y’hama. n. to yen 14 14 24.582 Batavia, fl. to £ 7.255 7.265 12.107

.4 *. s. d. £ s. d. Consols. 2} p.c 92 5 0 0 15 0* Fund. Loan, 4, 1960-90 120 15 0 0 — (»♦ War Loan, 31, 1929-47 108 la 0 O 10 0* Conversion Loan, 3i .. 111 15 0 0 10 0* Victory Bonds, 4. ex • • 118 12 6 0 6* Com’weaith, 5, 1935-45 102 1 3 0 1 3t Com'Tvealtli, 5. 1943-75 113 0 0 same Com’weaith, 34. 1936-37 103 11 3 0 i) Of Com’weaith, 4. 1943-48 106 18 9 0 8 9i Com’weaith, 3’}. 1948-53 104 '> • i 0 11 N.S.W., 3, 1935 102 1 •> 0 0 9* N.S.W., 34, 1930-50 ... 100 • > 0 0 11 ■ N.S.W., 4}, 1935-45 ... 101 10 0 0 91 N.S.W., 5, 1935-55 .... 103 15 0 0 O ot Victoria, 3. 1929-49 ... 99 18 9 0 1 Of Victoria, 4], 1940-60 .. 106 7 ft 0 6* Victoria, 5. 1945-75 ... 112 10 0 0 7 6* Queensland, 3, 1922-47 Queensland. 5. 1940-60 99 109 17 15 n 0 6* S. Aust., 3. 1916, opt. . 93 1 ■ > 0 3 9? S. Aust., 5 112 11 •) 0 .1 W. Aust., 3. 1915-35 .. 109 17 6 1) 6* W. Aust., 4, 1942-62 .. 101 7 6 0 Gt Tasmania, 31, 1920-40 . 102 ( 1 0 1) »»t Tasmania, 4, 1910-50 . N.Z., 44, 1948-58 104 15 0 0 112 17 [J 1) 9f N.Z, 31, 1940 JOI 15 0 0 8 9t N.Z., 3, 1945 101 10 0 0 6* N Z., 6, 1936-51 105 15 0 same ■(•Higher. •Lower