FOREIGN EXCHANGE

Dominion, Volume 28, Issue 107, 30 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 Lon dorr. £l/0/1 in Australia. 15/10J in U.S.A. 15/I.OJ in Canada. 9/6J in Franco. 9/101 in Italy. 9/54 in Germany. 9/5j in Java. £l/7/11 in Japan Position of Sterling , By Telegraph.—Press Ason —Copyright. London, January 28. The following rates on foreign exchanges were current to-day. compared with those ruling on January 26: —

Gold and Sijvcr. Dondon, January 28. Gold—£7/1/6 per tine ounce. Silver—Cash, 24£d. per ounce; forward, 24 7-Bd. BASE METALS MARKET Prices Slightly Easier By Telegraph.—Press Assn. —Copyright. (Received January 29. 9.40 p.m.) London, January 28. The official London (middle) quotations for Atonday. as reported by the Australian Alines and Aletals Association compare as under with those previously cabled:--

Big Rivev Report Big River Goldmine,-s Ltd. report for week ending January 24: —No. 4 north drive: Advanced 5 feet on track of reef. The stone hti« not yet made. The second slope is looking well, stone 5 feet wide. Ris’e up 27 feet from floor of level. Stone in face. No. 4 south drive: Advanced 6 feet on foot wall leader. Slone very rich. Opening leading stope in this block. Main (•haft: Fair progress is being made in repairing the shaft Io No. 5 level. Battery : The battery is working two shifts per day. Moturoa Oil Report The following is the Moturoa Oil Fields report for eight weeks ended January 25:—■ Moturoa No. 4 well produced 0790 Imperial gallons crude oil. Total production to dnte, 50,030 Imperia] gallons. MoHiroa No. 2 well produced 17,150 Imperial gallons crude oil. Total production to dale, 004,099 Imperial gallons. Moturoa No. 1 well produced 1085 Imperial gallons erode oil, during test production operations.

Buying. Selling. France— Francs to N.Z. . £1 T.T. 60.63 59.33 O.D. (10.93 59.3S Noumea — Francs to £1 N.Z. . T.T. 61.5S 5S.5S O.D. 61. OS 5S.63 Papeete— £1 Francs to "N T.'l’. 61.58 r»s 5s 0.1). 61 .OS 5S.63 Belgium— ( Bel gas to £1 16.640 "V % « T.T. 17.310 O.D. 17.4-10 16.655 Germany— Reichmark 9.646 to £1 N s .z. T.T. — O.D. — 9.651 Italy— Lire to £1 45.65 N.Z. . T.'l’. — O.D. — 45.69 Switzerland— Francs to N.Z. . £1 T.T. 12.449 12.049 0 D. 12.524 12.059 Holland— Florins to £1 N.Z. . T.T. 5.980 5.730 O.D. 6.030 5.734 Java— Florins to £1 5.714 T.'l’. 5.939 O.D. 5.989 5.718 Japan— N.Z. pence 178 to 1 yen T.T. — Shanghai— N.Z. pence to 22 15-16 1 dollar T.T. 20? O.D. 214 --s India and Ceylon— N.Z. pence 22 23-32 to 1 rupee T.T. 225 O.D. 22} 22 21-32 Hong-Kong— N.Z. pence to 1 dollai T.'l’. 26 17-32 27 19-32 O.D. 26 13-32 27 17-32 Singapore— N.Z. pence to 1 dol. T.T. 34 7-16 35 g O.D. 34 5-16 35 5-16

Jan. 28. .Tan. 2G. Par. N. York,, dol. to £ 4.86} 4.80 5-S 14.866 Montreal, dol. to £ 4.S65 4.80} 4.866 Paris, fr. to £ 74 21-32 74 5-8 124.21 Brussels, bel. to £ 21,105 21.10 35.00 Geneva, fr. to £ 15,215 15.20 25.225 Amst’dani, fl. to £ 7.275 7.275 12.107 Milan, lire to £ 57 11-16 57 10-32 92.46 Berlin, inks, to £ 12.245 . 12.25 20.43 St'liolm, knr. to £ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 IS.153 Oslo, knr. to £ 19.905 19.90 18.159 Vienna, sciigs. to £ 26.50 26.50 31.585 Prague, knr. to £ — 117.625 164.25 Ilel'l’ors. inks, to £ 226.50 226.50 193.23 Madrid, pes. to £ 36 1-16 36 25.225 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ Belgrade, din. to £ ‘517 *517 375 217 217 276.31 Bucharest, lei to £ 490 490 S13.60 Warsaw/zloty to £ — — . 13.38 Rio de J., p. to mil. 11} Hl 5.899 B. Aires, p. to peso 136J 136} 47.62 M. Video, p. to peso 139 5-S 139 5-S 51 Calcutta, p. to rup. IS 5-32 IS 5-32 18 .. Shanghai, p. to dol. 17} 17 5-8 — IT.-Kong,- p. to dol. 21 5-S 21 0-16 —■ Y’hama, p. to yen 13 63-64 13 63-64 24.5S2 Batavia, fl. to £ tSollers.. ofllcial. 7.255 7.245 ♦Sellers. 12.107 $Par, 8.23 31-32. since dollar devaluation on February 1, 103-1.

Jan. 25. Jan. 28. Copper— v s, d.' £ s. d. Standard / 28 (1 7.1 27 18 11 Standard, forward 28 5 71 28 1 IJ Electrolytic . 31 0 0 ’ 111 0 0 to ,11 10 0 31 10 0 Wire bars :;i io o 31 10 0 Lead— Spot 10 8 9 10 7 C» Forward io io o I0 S I) Spelter— Spot 12 1 3 12 3 9 Forward 12 .3 9 12 3 1) Tin--.Spot 232 0 0 Forward 228 IS I) 228 18 II Silver— Standard, per or.- . 24 5-Sd. 24-’ <1. Fine 2(1 9-1 (id. 2(1 11-lCd.