N.Z. EXCHANGE RATES

Hokitika Guardian, 3 April 1930, Page 3

N.Z. EXCHANGE RATES

PREMIUM ON BRITAIN. (By Telegraph—Per Press Association.) WELLINuTON,, Apri 1 2; , The. chairman of . the . Associated Banks has announced that on and after the 3rd of April, .the following rates of .ex.oJnpige, New, Zealand on London, fvj.ll come, into force:— , TejegyupJ.iic transferßuying, 10.0 s peg cent, premium; selling, /Os per ccp,t. premium. . ,pu demand .—Buying, 87s . Oil per cent, premium , ,68s per cent premium. Three dayfi:—Buying, blank; selling, OCs per cent, premium. Tbir.tv daysßuying, 80s per cent. ■ premjuin; selling, 50s per cent, premium. fcjixty days; —Buying, 72s Gd per cent, premium; selling, 40s per cent, premium. Ninety days:—Buying, 65s per. cent, premium; selling, 30s per cent, proini uin. , One hundred., and twenty days: ißank.. NEW ZEALAND. EXCHANGE ON Australia. The undermentioned rates of exchange. Now Zealand on Australia, will come into force on the 3rd inst.: — Victoria:—Buying, 37s 6d per cent, discount; selling, 5s per cent, pielriiiim.. New South Wales: —Buying, 37s 6d per cent, discount; selling, 5s per cent premium. , Queensland:— Buying, 40s per cent, discount; selling, 7s 6d per cent premium. South Australia:—Buying, 37s Gd per cent, discount; selling, 5s per cent, premium. i Western Australia (Perth and Fremantle):—Buying, 45s per cent, discount; selling, 12s 6d per cent, premium.

Western Australia (all other places) : —Buying, 50s per cent, discount; 17s 6’d per cent, premium.

Tasmania: —Buying, 37s 6d per cent, discount, selling, 5s per cent premium.

A concession of up to 32s <3d per cent will be granted in the buying rates for transactions covering •bonafide trade between New Zealand and Australia.