FINANCE & COMMERCE

Dominion, Volume 37, Issue 188, 8 May 1944, Page 6

FINANCE & COMMERCE

Bank Of England Return (By Telegraph.—Press Assn. —Copyright.) LONDON, Hay 4. The Bank ot England return tar the week ended May 3 is as follows:— £ £ Note issue— Govt. debt. 11,090,000

Dividends And Calls Bank of Adelaide—lnt., 2J p.c. .. May 10 Sharland & Co.—lnt., ord. & pref., 2* p.c May Union Oil —int. 6d. a share May 12 Mosgiel Woollen—int. 4 p.c May 16 National Ins.—lnt. 4d. a share.. May 16 By croft—final 4 p.c. May 17 Oamaru Woollen—int. 3 p.c May 17 Amal. Wireless—int. 4 p.c May 19 Dalgety’s—int. 2/6 (less U.K. tax) May -5 Bank N.B.W.—-quarterly 6/- a , share (Aust, currency) May 2o Bapk N.Z.—final, ord. 4 p.c., D Mort., 7} p.c. p.a Jone 24 N.Z. Paper Mills—final 4 p.c. .. May 25 Electro Zinc, 4 p.c., ord. & pref. 6 May 26 Nat. Bank A’asia—int. 2J p.c May ol Broken Hill—int. 6d. a share ' (Aust, currency) May 31 E.S. & A. Bank—int. 2J p.c. (less U.K. tax) May 31 Equitable Building—final 3 p.c. .. May Selfridges (A’asia.)—6 p.c May Tul Brewery—int. 6d. a share .. June 1 Henry Jones Co-op.—lnt. 6d. a share J une J Kauri Timber—lnt. 2 p.c June 9 Broken Hill South—fid. a share .. June 16 Mt. Lyell—int. 6d. a share June 19 Wilson’s Cement—final 3d. a share June 21 Swan Brewery—ord., 6d. a share and bonus of 3d. a share June I.C.S.—final, ord. 5 p.c July 1

N.Z. Exchange Rates

Telegraphic rates of exchange on overseas centres, as supplied by the Bank of New South Wales, are as follows:— On Buying. Selling. New York, dol. to £N.Z. 3.2512 3.2050 Montreal, dol. to £N.Z. .. 3.6039 3.5290 India, pence to rupee 22 3-16 *22 11-16 Ceylon, pence to rupee .. 22 3-16 2211-16 London, £N.Z. to £loostg. 124 3-8 125 Aust., £N.Z. to £IOOA .. 100 J 100 Fiji, £N.Z. to'£looF. ... 90 88 5-8 S. Afric. £N.Z. to £IOOS.'A. 123 1251-8 Chungking, N.Z. pence to 1 Chinese Natl, dollar . — 4

In clrcu- Other Govt. lation 1,129,100,000 see. 1,138,200,000 Other see. 800,000 In banking (lent. 21,100,000 •£1,150.000.000 Gold coin 200,000 £ 1,150,200,000 £ 1,150,200,000 •Amount o£ fiduciary issue. £ £ Capital 14,500,000 Govt, sec., 105,400,000 Rest 3,200,000 Discts., adDe posits— vauces 7,700,000 Public 7,800,000 Other secs'. 17,200.000 Banks 158,600.000 Notes and Other acs. 57,700,000 coin 21,a00,000 £241,800,000 £241,800,000 Proportion dt reserve to liabilities, 10.8a per cent., compared with 10.08 per' c ehL last week. The principal items o£ the above returns compare as follows with those of last week:- g _ D< Publie' - 4,5.00,000 7,800,000 Bankers 108,500,000 158,000,000 Other accounts . 56,000,000 57,700,000 £250,000,000 £ 224,100,000 Se .. 231,700,000 105,400,000 Discts., advances 5,800,000 .'wKnun Other securities 13,900,two ReserT e 26,200,000 21,a00,000 Note circulation . 1,124,400,000 1.120,100,000 Government Stock Prices (Bv Telegraph.—Press Assn. —Copyright.) J LONDON, May 4. Government stocks are considerably more active, particularly British. Prices compared with those o£ April -7 are as follows:— p r i C e. Varlat5on . £ s. d. £ s.-d. rnnanis 2* r> c .. 70 3 9 same Fund- Low 1940-90 . 112 12 6 O 2 6t War Loan. 3J, 1955 .. 103 1 3 0 3 9t Conv. Loan. 3J, 1961 . 104 1- 6 0 0 Of Victory Bonds. 4 p.c. 112 6 3 0 3 9t C’wealth, 4, 1945-75 .. 103 6 3 0 o 0, C’wealth, 4, 1943-50 .. 101 17 6 0 5 Oj C’wealth. 3, 1948-53 .. 103 13 9 0 6 oj C’wealth, 3, 1956-61 .. 99 17 6x 0 2 6* C’wealth. 3. 1956-59 .. 98 0 0 0 6 N.S.W. 31, 1930-50 .. 101 2 6 0 1 3t Victoria. 3, 1929-49 .. 100 7, 6 0 2 6* Victoria. 5, 1945-75 .. 103 2* 6 0 5 Ot Q’land, 3. 1942-47 .... 100 7 6 0 1 3‘ S. Aust., 3, 1916, opt. 8a 15 0 0 10 0t S. Aust., 5. 1945-47 .. 102 18 9 0 2 6f W. Aust., 4. 1942-46 .. 102 0 0 0 2 6« Tasm.. 4, 1942-62 .... 102 0 0 same N.Z., 44. 1948-55 ... 104 17 6 same N.Z., 3. 1945 100 15 0 0 2 6t tHigher. *Lower. x ex interest. Stock And Share Indices fBv Telegraph.—Press Assn. —Copyright.) 1 y , LONDON, May 6. ••Financial Times” indices (1926 equals 100 *' Govt Home Indus- Goldsec’s. rails, trials, mines. Anr ”4 .. 112.5 67.6 130.3 158.2 Apr -26 .... 112.6 67.6 130.6 158.6 Anr H2.6 67.6 130.9 158.8 Anr 28 112.6 68.7 131.3 158.8 May 2 .... 112.8 69.1 131.9 158.2 May 3 112.8 69.1 132.4 158.7 toy 4 .... 112.7 60.1 132.5 159.2 toy 5 .... H2.7 69.1 132.4 139.2 Dow Jones Averages NEW YORK, May 6. Dow Jones equals W0) roads. Industrials, sold A.nr 24 37.83 135.00 688,000 Inr 26 38.22 135.67 491.000 ‘rr 38.57 136.07 520,000 Apr:- 28 38.88 136.21 561,000 Mav 2 ........ 39.00 137.15 571,000 May 3 39.10 137.83 626,000 Mav 4 38.88 137.85 513,000 toy 5- ..... 39.33 138.74 787,000