Commerce, Mining, & Finance
METAL MARKET Press Association—By Telegraph—Copyright LONDON, September 24. The, following are the official metal quotations:— Copper.—Standard, £34 10s per ton; forward, £34 17s 6d. Electrolytic—Spot, £39 5»; .forward, £39 10s. Wire bars, £39 10s. Lead.—Spot, £l6 17b Gd; forward, £l6 18s 9d. Spelter.—Spot, £ls 10s; forward, £ls 12s 6d. .Tin.—Spot, £224 17s 6d; forward, £213 15s. Pig iron.—Home trade, £3 is bd; export, £3 2s 6d. „ . - Antimony.—British, £72; foreign, £sl Molybdenite, £1 14s 6d per unit. Wolfram, £1 13s 6d. Silver.—Standard, 29 5-16 d per oz; fine, 31fd. AUSTRALIAN STOCK EXCHANGES Fjren As»oci*tion—By Telegraph-Copyright SYDNEY, September 25. On the Stock Exchange, reflecting the brighter news frpm overseas, the investment market showed a further general improvement. Buyers displayed renewed confidence and the turnover expanded. Goldsbrough shares reacted only slightly to the news about their fire.
IMPORTED STUD SHEEP SOUTHDOWN RAM FROM KING'S ESTATE [Psk United Press Association.] , 'WELLINGTON, September 25. Four stad sheep, one of which was a Southdown ram from the King's estate at Sandringham, were unloaded from the Wangaiiella at Wellington to-day. There .were also a Southdown ewe from Mr ,J. Pierpont Morgan's estate in Sussex, and a Romney rani and owe from the flock of Mr J. Eggerton Quested, Kent. The sheep have been imported to the order of Miss Winnifred Lysnar, daughter of Mr W. 1). Lysnar, of Gisborr.e. Mr Lysnar selected the sheep" during his recent visit to England. The Romney ram secured first prize as a lamb at the English Royal Show, and the sire of the Romney ewe .was sold to an Argentine breeder for l,ooogs. The sheep are at present in quarantine on Somes Island. COMPANY NEWS MYER EMPORIUM Directors of the Myer Emporium Ltd., Melbourne, report that the< net profit for the year ended July 31 exceeded, by more than £49,000, the net profit of £224,045 earned in the preceding year. They recommend the payment of a final dividend on ordinary shares of 3 per cent., together with a bonus of li per cent., making, with an interim distribution of 3 per cent., a total of 71 per cent, for the year, against 6 per cent, last year. AMALGAMATED WIRELESS DIVIDEND Amalgamated Wireless Ltd. has advised the New Zealand Stock Exchange Association that a final dividend of 6 per cent, has been declared, and will be payable on October 14. NEW COLOSSEUM LTD. The directors of New Colosseum Ltd., Christchuiiih, in their annual report and balance sheet for the year ended July 31, state that of the profits made for the year the sum of £2BO 6s has been allotted to depreciation on buildings, and £154 13s lid to depreciation on°plant and furnishings. 'I he balance of profit and loss account from 1934 was £1 371 10s 3d, and after adding the profits made for this year and deducting £1.500 paid out as dividends, the sum ot £1,784 8s lid remains to the credit of profit and loss account. It is proposed to-carry this amount forward. Two dividends have been paid during tne making a total of JO per cent, for
ADDINGTON MARKET [Per United Press Association.) CHItIGTCHURCH, September 25. Entries at to-day's Addington market were slightly less than normal. Fat cattle advanced further in. value, fat sheep retained last week's rates, but store sheep. showed an easing. Store Sheep.—Except for forward wethers, the market was easier by up to 2s a head. Best wethers sold at 22s 4d. Fat Sheep.—There were 3,700. penned, and last week's rates were maintained. Extra prime heavy wethers made t0.33s Id; prime hoary, 27s 6d to 31a 6d; prime medium weight, 25s to 275; ordinary wethers, 21s 6d to 24s 9d; extra prime ewes to 35s 4d; prime medium-weight, 20s to 22s 6d; ordinary, 18s to 19s 6d. Fat Cattle.—There were 475 head penned in this section, and there was a further advance of 15s to 20s a head. The top price in several instances was £ls 17s 6d. Best' beef made from 33s 6d to 36s per 1001 b; special to 37s 6d; good, 31s to 335; best cow, 30s to 32s 6d; ordinary, 23s to 265; extra prime heavy steers made to £ls 17s Cd; prime heavy, £l2 5s to £l4 ss; prime medium-weight, £lO 15s to £l2 IQs; ordinary, £7 5s to £9 15s; extra prime heifers to £ll 7s 6d; prime, £7 10s to £9 ss; ordinary, £5 10s to £6 15s; extra prime cows to £l2 2s 6d; prime, £7 to £9; ordinary,, £5 5s to £6 10s. , . , n Fat Pigs.—There was a brisk demand for good porkers, but baconers were a shade easier. Choppers made from 50s to -£3 15s 6d; and baconers. 47s 6d to £3 19s 6d (average price per lb, 5Jd to 6d); porEers gold from 27s 6d to £2 4s 6d (average price per lb, s£d to 6Jd). ■ DOMINION'S WHITE PINE FORESTS REPLANTING SWAMPY. AREAS ADVOCATED Two surprising anomalies in ' the position into which the Dominion has drifted with regard to one Qf her most valuable commercial timbers> the kahikatea, or white pine, were ; repealed! to a Taranaki 'Herald' reporter who recently interviewed two botanists and a man.directly interesed in' the milling aspect of the question. The first anomaly "was that, though the complete depletion of the Dominion's supply of white pine, at present an essential in the export of butter, was considered to be in sight, ever-increasing quantities were being exported to Australia. The second was that, though white pine could, in the opinion of the botanists, be readily grown in plantations, and, in fact, grew at a rate comparable with the commercial exotic trees, the supply had been allowed to diminish. "Kahikatea can be grown in areas which could not profitably be devoted to anything else," said Mr T. H. Horton, superintendent of Pukekura Park. "They will ■ grow where other, timber trees'will not grow, and I would advocate their planting ..in wet, swampy areas. " A man having waste land ol this description could put down a plantation without much risk." Men who had planted out small areas as described had had wonderful success with the trees, said Mr Horton. Kahikatea were a faster-growing tree than any of the other native timber trees, and though he could not say from actual experience how long it would take to develop a profitable white pine timber tree, he* estimated that a very fair tree could Ibe obtained in from 60 to 70 years. " Certainly a highly profitable timber tree could be expected within a century," he said, adding that he knew of 40ft specimens which had only been planted about 18 years. Theso same trees had made three-quarters of an inch of timber annually and were up to 14 inches in diameter. . ... Mr Horton said that pinus msignis, macrocarpa, or exotio trees with a timber value could not be planted on waste swamp areas, as could white pine. In his opinion white pine plantations could be laid out on the same plan, allowing -for the differences in the type of country required, as pinus msignis plantations with the trees close together. He understood that it was the general opinion among millers that if the* demand for white pine went on as at present supplies would be exhausted in 30 years. SHIPOWNERS' PROBLEM THREE ALTERNATIVES Lord Essendon, chairman of Funless, Withy, and Co., in addressing shareholders of that big shipping company, said it was regrettable, but not surprising, that no dividend could be recommended. He suggested that the British shipping industry had three alternatives pending a strong revival in the volume of international trade. There was available to-day about 50 per cent, more tonnage than in 1913, and because of that fact freight rates were considerably lower, whereas working costs were higher. On the other hand, the volume of traffic tobe carried overseas was m"ch less. Jho fact that there was' at least 6,000,000 tons of merchant vessels laid up was bad enough, but of the remainder that was in employment a. great deal ol it was diner tonnage, -which was trading . with a large amount of empty space. To his iriind, the first and most obvious solution was to rationalise by laying up or scrapping surplus tonnage. , ~ . The second alternative was to reserve all interempire trade for Empire ships, and to let the rest of our shipping in foreign trades take care of itself. It was extremely doubtful whether such a policy would be of any real benefit to the shipping industry. British ships already carried a preponderating proportion of Empire trade, and it seemed quite obvious that we had far more British ships in foreign trade than there were foreign ships in Empire trade. The third alternative was to • allovvmatters to continue as t%y were, each individual owner, or group of owners, doing what they could to rationalise within their own narrow sphere, expanding wherever possible, and continually fighting against circumstances over which shipowners had no control — i.e., subsidies, quotas, tariffs, currency restrictions, and so on. He l thoi!"'t it was probably correct to say. that i"X single owner in Great Britain id already done his utmost to uationaiise so far' as circumstances permitted. He admitted that the difficulties were great, and that the result of any particular scheme of rationalisation could only, .be proved by, experience.
DANISH FARMERS PRESSURE ON EXCHANGES The decision of the Danish National Bank to increase the bank rate from 2} per cent, to 3£ per cent, shows that the authorities take a serious view of the threat made by Danish farmers to force down the. present krone-sterling exchange rate, says ' The Times.' Though it is not seriously believed that the farmers can achieve their aim, the authorities are determined to show the farmers that they will not yield to threats and that they will take every legitimate step to prevent the plan from going into operation. ' What the farmers aim to do is to hold back sufficient foreign exchange, 1 chiefly sterling, to create a scarcity. Once there is a scarcity they believe that they will be able to get a great deal more for sterling than the present stabilised rate of 22.40 kroner. A sum of 30 kroner haß indeed been mentioned as the only " justifiable " rate at the present time. The scarcity would be created by Danish farmers asking their British customers to refrain from paying for supplies on the present ten-day basis and to pay on a three-month basis instead. It is estimated that this would deplete by 150,000,000 to 200,000,000 kroner the Danish reserves of foreign exchange. As an alternative, it is suggested that Danish holders of sterling should buy British ; Treasury bills: and should deposit those in Danish banks as security for such loans as are necessary to carry the farmers over the "dry period." Neither scheme can become operas tive until all Danish slaughter houses and dairies have been consulted. In | the meantime' it is apparent that the small farmers will not join, in the scheme at all, as they are not doing badly in present ciroumstances. iHven if there were wide support for the plan it is believed that existing Danish legislation could be invoked against it. All Danish holders of foreign exchange are compelled to repatriate it, and to sell it to such banks as are authorised to deal in foreign exchange. Moreover, foreign securities—including Treasury bills—cannot be imported without the consent of the National Bank. Finally, it is pointed out that no Danish bank would care to finance farmers against the wishes of the National Bank. It is apparent that the Government has public opinion on its side in dealing with the threat. The fact that the bank rate has been raised as a first i move means that farmers will be made to suffer for their rashness. Up to the present it has been the aim of Government policy to give the maximum assistance to farmers by pursuing a policy of cheap money. SOUTH AFRICAN RESERVE BANK At the annual meeting of the South African Reserve Bank the deputy governor, after referring to the fact that the reserve fund is now £1,000,000 and equal to the capital, pointeft out that the gold holdings of the bank, at current value, are almost equal to its liabilities to the public. At standard value tlie ratio is now nearly 60 per cent. The governor referred to the fact that, under the Currency and Exchanges Act of 1933, all gold acquired by the bank since the beginning of 1933 is held for the account, and at the risk of the Union Government. Under Section 8 of that Act the Government, guaranteed the bank against any loss, and appropriated > profit, resulting from dealings in gold undertaken to maintain parity with sterling. This guarantee, which was viewed with misgiving by certain political critics in 1933, seems, likely to have satisfactory results from the Government point of view. The bank's current holding of gold exceeds that oi January. '1933. by about £2O millions at standard value, and this quantity has been acquired on an almost continually rising market. —, ,—__— — OUTPUT OF RUBBER FURTHER RESTRICTION IMPOSED Advice was received in Dunedin yesterday that the restriction on the output of rubber had been increased by 5 per cent, an from October 1. This makes a total restriction of 40 per cent., leaving 60 per cent, of the production available for marketing. At the same time word was received that the price had been advanced to 5-16 d per lb. COLOMBO TEA SALE Mr L. M. Wright lias received the following cabled report on the Colombo tea auction of September 24: Prices for all grades 'advanced at yesterday's auction. Common and medium teas were about id dearer, and fines showed an advance of jjd to Id. Good quality is still available. Next week's sale is smaller, only ■1,430,0001 b being catalogued for auc-
THE SHARE MARKET DUNEDIN STOCK EXCHANGE There was ;ui improved tone on the local share market this morning, when seven sales were reported, five of them relating- to gold mining eoniuanies. , New Zealand mid Commercials provided the only buyers in the banking section in which sellers' rates were unchanged. Buyers were in the ascendancy m tlio loan and agency section, and Guarantee Corporations revealed a tendency to harden. One of the most striking features ot the market this morning was the sharp rise registered bv Associated News shares, which were sold in Sydney yesterday at 23s 6d. This morning buyers offered up to 22s 3d, and there was no seller under &s. Buyers offered 6d more for Broken Hill Proprietary without eliciting a reply, and Woolworths (Sydney) shares showed a distinct improvement, reported business at £5 6s being followed by further inquiry at the same figure, with no seller. New Zealand Breweries wore definitely firmer, buyers advancing Is 3d and sellers 9d on yesterday's rates. Other brewery issues were neglected. There was also a definite improvement in prices in the Australian mining section, a seller of Mount Morgans yesterday at 37s being replaced by buyers at that figure, with no seller under 37s 9d. Mount Lyclls were iirmer, and Upper Watuts experienced a rising market. Investors' interest in gold mining stocks was limited to a few issues only, prices generally being practically unchanged. SALES. Reported.—Bendigo Goldlight (late yesterday), s£d; Woolworths (Sydney), £5 6s; Upper Watut, 7s; Mount Morgan Developments, 2s lOd; Anthony Hordern (pref.), £1 2s 6d; Kildare, 3s Id; Waitahu, 2s Bd.
THE SEARCH FOR SOLD WAIKI EXPORT It is interesting to note that during the year ended December 31 last the quantity and value of gold exported from the Waihi liorough amounted to C3,3830z, valued at £543,379. The figures for the whole of the West Coast and Otago (South Island) were 74,1370 k, valued at £391,712. The quantity and value of bullion (gold and silver) produced in tho borough for the 6ame period amounted to 422,9640 z, valued at £469,058. Of this amount the Grand Junction area contributed 22,5040 z (gold and silver), valued at £41,953. WAIPAPA BEACH DREDGE Messrs \Y. A. Mitson and Co., the secretaries of the Waipapu" Beach Gold Dredging Co. Ltd., report that advice has been received from tho dredgemaster that the dredge has been .stopped, through further trouble with a bearing. A Diesel expert is on his way to the dredge to inspect the engine. It" is not anticipated that the delay will," last longer than one .week.
DIVIDENDS DUE Dunlcv-lPerdriau—Final, pref., 5 per cent. Sept. 27 Auckland Farmers' Freezing—6 per cent ... ... ... Sept. 27 Yellow Cabs of Australia—3£ per cent, per annum Sept. 27 North Broken Hill—2s 6d a share, plus bonus Is' Sept. 28 General Industries, Sydney, interim half-yearly pref. at 7 per cent, per annum; old. at 5 per cent, per annum Sept 30 King Solomon—2s per cent., 3d a share Sept. 30 British Tobacco—l£ per cent. Sept. 30 Hume Pipe (Australia)—final, 2 per cent '•• Sept. 30 Renown Coal—Ord., 3d per share; pref, 7 p.c Sept. 30 Worksop Extended Dredge—lo . pel- .Vent. ..-. ~.,:-Sept." 30 United Building, Christchurcli— Interim half-yearly at 2£ per cent. .. ... : Oct. .'1 Nestles and Anglo-Swiss—Quar-terly pref., 8 per cent, per annum... ••-' Oct. 1 Claude Neon ■■ Ltd., . Sydney—ls p.c, payable as to 7£ p.c. (and payable as to 7£ p.c, January 1) ... Oct. I Bartholomew Timber—final, 2£pcr cent ' Oct. 3 Bank; Australasia—lnterim, 3s Pel - a share, 7 p.c. p.a., less British income tax 4s 6d £ ... Oct. 4 Bank of Australasia —int., 3s 6d a. share '••• Oct.; 5 Farmers Auctioneering—ord., 4 per, cent •'• ■■■ Oct. 5 Cresco Fertilisers Ltd. New pref.. 6 p.c; old pref., 5 p.c Oct. 8 Mount Morgan—Quarterly, 6d per share, plus bonus of 3d per share ... * ... • Oct. 10 Milne and Choyce, Auckland— Ord. and debentures, 3jr per cent. Oct. 10 G.. J. Coles Ltd., MelbourneQuarterly at 10 per cent, per annum ..• .•• Oct. 15 Yarra Falls—final. 4 per cent. Oct. 17 Beath and Co.—pref., 5 per cent,, ord., 8 per ceut. Oct. 19 K.D.V. Box—final, 4 p.c Oct. 21 Broken Hill Propty.—int., 6i per cent. Nov. - C. L. Innes—pref. and ord., 8 per cent., also pref. arrears ...■ ... Dec. 1 FOREIGN EXCHANGE ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchange (all rates subject to alteration without notice): — Buying. Selling.
DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to alteration without notice;— U.S.A. CANADA. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (dol) 3.94 i 3.99 n O.D. (dol) ... ... 3.945 3.Q9| BUYING— O.D. (dol) ... ... 3.99 g 4.041.-
. AFTERNOON SALES. £ s. d. Bank of Now 'South Wales 32 0 0 Commercial Bank of Sydney 17 18 0 Colonial Sugar ... ... ... Mercantile Mutual Insur- > 43 0 0 ance 1 8 0 United Insurance ... ... ... 12 12 0 Associated News ... ... ... 1 3 6 Associated News (pref.) ... 1 3 0 Howard Smith 0 18 0 Burns Philp 1 3 5 6 Australian Gas (A) 7 15 0 Australian Gas (B) 7 12 6 British Tobacco.... ... ... 1 19 6 Tooths ... ... 2 15 3 Tooheys ... ... ... ... i 8 3 Carlton Brewery ••• 2 10 0 Commonwealth Wool i.. ... 0 18 9 Goldsbrough, Mort, ... 1 8 10J Winchcombe, Carson ... ... 1 10 0 Wilcox, MoiHin ... ... .;. 0 11 3 Henry Jones ; ... 1 16 6 Australian Drug 0 13 0 Australian Securities 0 7 6 Auto and General Finance 0 2 1U Beard W,atson ... ... ... 0 19 0 Mark Foy .... 0 19 3 Cumberland Paper ... ... 1 12 6 Mick Simmons ... ... ... 0 16 6, Spencers ... ... ... ... ... 0 L 9 W. H. Soul ... ' 3 11 0 Woolwdrths (second pref.) 1 7 0 Mount Morgan ... ... ... 1 17 3 Broken Hill -Proprietary ... 3 5 6 Broken Hill Proprietary 16 0 (ex rights) ‘ 2 Broken Hill Proprietary (ex rights; New Zealand delivery) ... 2 14 6 South Bremen Hill ... ... 4 15 0 Mataki ... ... ... 0 3 0 '7 Mount Kasi I 6 Tavua ...7.. ... ... T.. -AT 8 9 : : MELBOURNE, September 2C . Bank of New , South Wales 32 10 0 National Bank (£5 paid). 6 10 0 G. J. Coles ... ... ... 3 5 3 Electrolytic Zinc ... i. 7 10* Australian Cement i 9 6 Commercial Bank of Australia ... ... 0 16 3 Goldsbrough, Mort ... ... Broken Hill Proprietary 1 9 3 0 - (cum rights) ... ... ... 3 5 Loloma 2 6 0 Enterprise New Morove 6 5 0 13 0 0 Emperor ... ... 1 7 9
as under:— Buyers. Seilers. * £ s. d. £ s. d. BANKING— New ,Zealand 2 10 3 2 11 0 New Zealand (Long “D”) _ 1 14 0 Commercial 0 16 3 0 16 7 E.S. and A — 5 8 0 National of New Zealand -— 3 13 0 Reserve — 6 10 0 Union of Australia 9 Ltd. ... — 9 0 INSURANCE— National — 1 0 9 Standard 3 U 0 SHIPPING— P. and 0. Deferred Stock —. 1 3 0 U.S.S. Co. (pref.) ... 1 7 0 MEAT PRESERVING— N.Z. Refrigerating 0 (paid) ... 1 9 — N.Z. Refrigerating 0 (cont.) 0 10 0-10 3 Southland' Frozen - ' 0 (paid) — 4 1 Southland Frozen 0 0 (cont.) — 2 South Otago Freezing 7 5 0 LOAN AND AGENCYMortgage Corporation 0 5 6 0 6 0 National Moragage (“ B ” Issue) 1 12 6 — N.Z. Guarantee Cor0 poration ... 0 5 S 5 10 Trustees Executors and , Agency ... ... ... . 3 3 0 — COAL— Kaitangata ... ... 1 1 0 — Westport , —• 1 2 3 WOOLLEN COMPANIESBruce (ord.) ,.l. ... .0 14, 0 — .9 Bruce (pref.) — , 1 2 M.osgiel ... ... ... ... — 10 lb ;0 MISCELLANEOUS— Associated, News ... . 1 3 3 1 5 0 Broken Hill Proprietary (cum rights) ... Consolidated Brick ... 3 3 6 0 11 3 D.I.O. (pref.) I 4 0 — Dominion Fertiliser ... 1 3 6 1 4 3 Dominion Fertiliser ■- 0 ' Debentures 105 0 — 0 Dominion Rubber — 1 8 Dunedin Stock Exchange Proprietary — 2 0 0 Milburn Lime and 5 Cement — 2 3 N.Z. Drug Co 4 0 0 4 2 3 N.Z. Newspapers ... 2 0 0 N.Z. Paper Mills ... — 1 9 6 ‘ Otago Daily Times ’ 2 9 6 — 0 Regent Theatre — 0 17 Wilson’s (N.Z.) Cement 1 19 0 Woolworths (Sydney) 5 6 0 BREWERIES— New Zealand 2 10 9 2 11 9 AUSTRALIAN MINING Mount Lyell (£1) ... 0 18 0 0 19 0 Mount Morgan (5s) ... 1 17 0 1 17 9 Upper Watut (3s) ... 0 6 8 — GOLD MINING— Bendigo Goldlight 0 0 0 (Is) ... 0 Si 6 Big River (Is) 0 2 0 0 2 3 Charleston Gillespie’s — 0 0 6 0 1 2 — Kildare (2s) 0 3 0 0 3 3 King Solomon (Is) ... 0 3 3 0 3 6 Mount David (5s) ... — 0 •1 6 Nokomai (5s) — 0 2 0 Okarito (5s) — 0 5 6 Oxenbridgo (Is) — 0 0 3^ Paddy’s Point (5s) ... 0 — 0 8 6 Waipapa Beach (Is) 1 6 0 1 9 Waitahu (5s) ... ... 0 2 7 0 2 10
N.Z. GOVERNMENT LOANS(Bonds quoted are £100 Bonds.) 3,V p.c. Stock, November, 1938-5!* 108 15 0 31 p.c. Stock, March, ‘1939-43 ' ... 103 10 0 3i p.c. Stock, Sept., 1939-43 - 10310 0 31 p.c. Stock, May, 1939-52 108 15 0 31 p.c. Stock, May, 1941-52 108 15 0 — . 31 p.c. Stock, November. ‘1941-52 108 15 0 4 p.c. Stock. 1957-40 101 15 0 — 4 p.c. Bonds, 1943-46 106 5 0 — 4 p.c. Stock, 1943-46 106 5 0 — 4 p.c. Bonds, 1946-49 109 5 0 — 4 p.c. Stock, 1946-49 109 5 0 — 4 p.c. Bonds, 1952-55 111 10 0 — 4 p.c. Stock, 1952-55 111 10 0 UNLISTED STOCKS.— Jones Nevis 0 0 7
Loudon— £100 stg. £124 10/ N.Z T.T. £121 O.D. £123 10/ £124 8/9 Australia— £A to £100 £100 10/ N.Z T.T. £101 Fiji— £F to £100 N.Z. ... ... T.T. £90 7/6 £89 Now York— Dollars to £1 N.Z. ... ... ... T.T. 3.98/j 3.944O.D. 3.99| 3.94| Montreal— Dollars to £1 N.Z ... T.T. 4.03* 3.994 O.D. 4.04* 4.00 France— Francs to £1 N.Z ... T.T. 60.70 59.40 O.D. 61.00 59.45 Noumea — 1 Francs to £1 58.65 N.Z ... T.T. 61.65 O.D. 62.05 58.70 'Papeete— Francs to £1 N.Z. ... T.T. 61.65 58.65 O.D. 62.05 58.70 Belgium— Belgas to £1 N.Z ... T.T. — 23,115 O.D. - 23.130 Germany— £1 Reichmarks to 9.630 N.Z. ... ... ... T.T. — O.D. — 9.635 Italy— Lii'e to £1 N.Z ... T.T. — 47.84 O.D. — 47.88 Switzerland— ' Francs to £1 12.013 N.Z ... T.T. 12.413 O.D. 12.488 12.023 Holland — Florins to £1 N.Z ... T.T. 5.998 5.748 O.D. 6.048 5.752 Java— Florins to £1 N.Z. ... ... ... T.T. 5.979 5.754 O.D. 6.029 5.758 Japan— N.Z. pence to 1 17* yen ... T.T. — O.D. — 17 47-64 Shanghai— N.Z. pence to 1 23-13-32 dollar ... T.T. 22 3-32 O.D. 2131-32 23 11-32 India and Ceylon— N.Z. pence to 1 22 23-32 rupee ... T.T. 22| O.D. 22* 22 21-32 Hongkong— N.Z. pence to 1 30 27-32 dollar ... T.T. 29 25-32 O.D. 29 21-32 30 25-32 Singapore— N.Z. ponce to 1 35 5-16 dollar ... T.T. 34| O.D. 341 35* Sweden — Kroner to £1 N.Z. ... .. ... T.T. 15.787 15.457 OH). 15.827 15.467 Norway— Kroner to £1 N.Z ... T.T. 16.198 15.868 O.D. 16.238 15.878 Denmark — ' Kroner to £1 N.Z ... T.T. 18.208, 17.878 O.D. 18.248 17,888 Austria— Schillings to £1 N.Z ... T.T. — 20.43 O.D. — 20.45 Czechoslovakia— ‘ Crowns to £1 N.Z ... T.T’. — 94.93 O.D. — ’ 94.98
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Evening Star, Issue 22144, 26 September 1935, Page 9
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4,161Commerce, Mining, & Finance Evening Star, Issue 22144, 26 September 1935, Page 9
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