EXCHANGE
BANKS AGAIN INCREASE SALE. Australian JAess Association.) SYDNEY. January 28. The Associated Banks have again increased the exchange rates from Australia on London. Telegraphic transfer buying at £l3O and selling at £.130 10s. The movement is merely an adjustment to bring the rates into line with the official quotations in the outside market. Tliis development affords an indication of tin- extent whereto the exchange business has gone and is going on the part of the banks. It also emphasises the increased cost ot remitting Government funds to London. Australian and New Zealand selling rate on the basis ot £IOO sterling is now £l2l Bs.
FURTHER RISE. £2 10S ON LONDON. WELLINGTON. .January 2*. Tlie Associated Hanks amioimmi this afternoon that rates of exchange, New Zealand on London, have been increased by £2 Ids per £IOO all round. The exchange rates, New Zealand on Australia, have also been amended. They are now : Bovin*!, £lll 2s fid per £IOO. Sell in*!. £ll3 12s fid per £IOO.
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Hokitika Guardian, 29 January 1931, Page 6
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165EXCHANGE Hokitika Guardian, 29 January 1931, Page 6
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