FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 329, 9 January 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Copper and Tin Steadier. Press Association —Copyright. London, January 7. The official London (middle) quotations for Thursday, as reported, by the Australian Mines and Metals Association, compare with those previously cabled as follows:

N.Z. Pound Abroad. Based on figures quoted by the Bank of New South Wales, the. New Zealand pound, compared with its original par value, is equivalent to approximately : 16/1 in London. £l/0/1 in Australia. 16/2Jd. in U.S.A. 16/21d. in Canada. 13/6?d in France. 16/2 in Italy. 9/6id. in Germany. 11/9 in Java. £l/8/3i<l in Japan.

INTERIM DIVIDEND.

Commercial Bank of Australia

The manager in New Zealand of the Commercial Bank of Australia, Ltd., has received a cable message from the head office in Melbourne, announcing an interim dividend for the six months ended December 31, on preference shares, at the rate of 4 per cent, per annum, and on ordinary shares at 6 2-3 per cent, per annum. The dividend is payable in Australian currency on February 5. Transfer books will close on January 20.

The interim dividend on the ordinary shares is 4d. per share. For the financial year ended June 30, 1936, the Commercial Bank of Australia paid an interim dividend of 3d. and a final dividend of 4d. per share on the ordinary, the two being equivalent to 5 5-6 per cent, per annum.

FOREIGN EXCHANGES Press Association—Copyright. Received noon. London, January 8. Closing rates to-day were: New York, dollars to £ —4.91 1-8. Paris, francs to £—los 5-32. Batavia, florins to £—B.93J. Gold stands at £7/1/7 per ounce,

Jan. 6. Per ton. Jan. 7. Per ton. Copper— £ s. d. £ s. d. Standard, spot 48 8 9 49 10 7* Do., forward. 49 3 9 49 14 4J Electrolytic.. 53 15 0 54 5 0 to 54 10 0 54 17 6 Wire bars .. 54 10 0 54 17 6 Lead— Spot 26 11 3 27 7 6 Forward .... 26 8 9 27 5 0 Spelter— Spot 18 8 9 19 6 3 Forward . — 18 15 0 19 12 6 Tin— Spot 229 0 0 230 17 6 Forward . — 230 0 0 231 12 6 Silver — Standard, per oz. 21 3-16d. 21 5-16d. Fine . 22 7-8d. 23d.