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FOREIGN EXCHANGES

Position Of Sterling By Telegraph.—Press assn.—Copy right. LONDON, Mareli 25. 'Tlie following mean closing rates on foreign exchanges were current today compared with those ruling on March 24:

Gold. —£7/8/5 au ounce, tine. Silver.—Spot, 20d. an ounce; forward, 19 11-16 d.

On New Zealand Currency Basis

The Bank ot New South Willes, Wellington, quoted the following rales for tlieir purchases and sales of foreign exchange yesterday :—

The Associated Banks (other tiian the Bunk of New South Wales) quoted the following dollar rates yesterday ou a New Zealand currency basis. I hey are subject to alteration without notice.

New Lancashire Cotton Mills

>’laiis for bringing Lancashire cotton spinning mills up to date by the purchase of iarge amounts of new machinery are now being formulated, but tin* placing of contracts depends upon the as''' e r>tanee of the Cotton Reorganization Bill by the trade and the passing of the proposals by Parliament. . It is understood that one combine lias already been considering an expenditure of at least £500,000 on now plant, and with other orders which are expected to be placed the total amount will probably reach at least £1,000.000. Sir Walter Preston, chairman of Platt Brothers and Company, and of Textile Machinery Makers, Limited, has announced that they have received big inquiries for modern Plant for a number of cotton mills.

X. York. dol. to £ Par. 4.SGh Mar. 24. 4.0S} Mar. 25. 4.08} Montreal, dol. to £ 4.808 4.705 4.70 5-16 Paris, trance to £ 124.21 170 53-64 170 59-04 Brussels, del. to £ 48.01) 27.835 27.835 20.825 Geneva, t'r. to £ 25.225 20.805 Amst'dam, fl. to £ 12.107 8.821 8.82 3-16 Berlin, inks. to £ 23.43 11.07 11.07 C'hagen, knr, to £ 18.15!) 22.40 22.40 St’holm, knr. to £ 23.43 19.40 19.40 Oslo, knr. to £ 18.150 19.90 19.90 1-lels’ki, inks, to £ 193.23 220.75 226.75 Prague, knr. to £ 134.25 —- — Madrid, pes. to £ — —— Lisbon, esc. to £ ioo’"’ 110} 110} Milan, lire to £ 92 89 1-10 891-16 Athens, drac. to £ 375 547.50 547.50 Bucharest, lei to £ 813.00 160 600 Belgrade, din. to £ 270.31 209 209 LtiodeJ., p. to mil. 4.99 3 1-10 3 1-16 B. Aires, p. to pesa 47.02 20.33 20.31 11. Video, p. to peso 51 18} 18} Calcutta, p. tor up. 18 17 31-32 17 31-32 .Shanghai, p. to dol. 18 — — 11. Kong, p. to dol. — 14 29-32 1-1 29-32 Y’liaina, p. to yen Batavia, U. to £ 24.582 14 14 12.107 8.80 8.80 LONDON, March 25.

New Zealand Buying Selling. OU London ......... T.T. 124/7/G 123 £N.Z. to £stg. 100 O.D. 123/18/9 124/19/6 Australia T.T. 100/10/100 • £A to £N.Z. too O.D. 100/10/ 100 T.T. no 88/12/6 £F to £N.Z. 100 O.D. 90 88/12/6 New York T.T. 3.7753 Doi. to £N.Z. . O.D. 3.7S03 3.7335 Montreal T.T. 3.7931 3.7532 Doi. to £N.Z. . 0.1). 3.8018 3.7542 T.T. 22.4SG 22.176 Bel. to £N.Z. . O.D. 22.561 22.181 Denmark T.T. 18.140 17.830 Krii, to £N.Z. . O.D. 18.200 17.832 T.T. 184.70 1.78.99 Mks. to £N.Z. . France O.D. T.T. 185.19 143.06 179.09 140.56 Frs. to £N.Z. . O.D. 141.31 140.58 Germany T.T. — 9.269 Mks. to £N-Z. . O.D. — 9.271 G recce T.T. — 429.20 Drac. to £N.Z. O.D — 429.35 Holland T.T. 7.165 7.01a FIs. to £N.Z. . O.D. 7.205 7.017 Italy T.T. — 70.97 Lire to £N.Z. . O.D. — 70.99 T.T. 7.144 (1.991 O.D. 7.184 6.996 Norway T.T. 10.125 15.835 Krn. to £N.Z. . O.D. Hi.185 lu.838 Noumea T.T. 145.5(1 138.81 Frs. to ilN.Z. . O.D. 147.011 138.85 Papeete T.T. 144.96 138.96 Frs. to £N.Z. . O.D. 140.4(1 139.00 Sweden T.T. l;j. (32 15.4 o ( Krn. to £N.Z. . O.D. 15.792 15.440 Switzerland T.T. 16.856 16.aS6 Frs. to £N.Z. . O.D. 16.956 16.589 Hong Kong T.T. IS 27-64 IS 51-64 N.Z. (1. to Doi. O.D. 18 25-64 18 51-64 India and Ceylon T.T. 22 17-61 22 o«)-64 N.Z. d. to Hup. O.D. 22 15-6-1 22 «J.J-64r T.T. — 17 37-64 N.Z. d. to Yen O.D. — 17 37-64 Manila T.T. 31 35-64 321 N.Z. d. to Peso O D. 31 29-6-1 o2| Sliangliai T.T — 11 J-32 11 1-32 N.Z. <1. to Doi. O D —- Singapore T.T. 34 31-64 i»4 31 -32 N.Z. d. Io Doi. O.D 34 2.>-C4 34 31-u2 South Africa .... T.T. 123/7/6 125 £N.Z. to £S.A. IdO O.D. 123 125

Selling — T.T. O.U. U.S.A Canadian dollars. dollars. i Per £N.Z.l. (Per £N Z.l. 3.72 3-10 3.7313-10 3.721 3.74 1-10 Buying— O.D. 3.78 3.7913-10

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19390328.2.138.7

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 32, Issue 156, 28 March 1939, Page 12

Word count
Tapeke kupu
708

FOREIGN EXCHANGES Dominion, Volume 32, Issue 156, 28 March 1939, Page 12

FOREIGN EXCHANGES Dominion, Volume 32, Issue 156, 28 March 1939, Page 12

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