FINANCIAL LAWS

Taranaki Central Press, Volume IV, Issue 358, 12 February 1937, Page 6

FINANCIAL LAWS

BASE METAL? MARKET Further Advance In Copper. London, February 10. The official London (middle) quotation for Wednesday, as reported by the Australian Mines and Metals Association, compare \Cth those previously cabled as follows:

FOREIGN EXCHAKTES I On New Zealand lunency Basis. -• The Bank o2 New Sant' Wales, Wellington .quotea the fallowing rates! for the’r t.- eh? ■< ’ r d s ’es of foreign ex.'-...iges.— New Zealand ’ajieg. Selling, on London ... T.T. 124 124 £N.Z. . £ stg. MO . '.D. 123/1 -124/8/9 Australia .. T T. ; £Ato£loC O.D. ICI I.'J/IC,'- ' Fiji ... . T.T. £F to ifaxi O.D. 90/7/6 89 ’ New York . r.T. , .961< 3.(21 Doi to £. O.D. 3.97 3 3.M Montreal ... T.T 3.9 C 3.'-3S Doi to -. . OD. 3.97. 3.931 Austria T.T. St 58 Schgs. o £ O.D. 20.60 Belgium .... T.T. 23.19.6 Frs. t< £. >.D 23. 7 Czechoslovak. T.T. 111.96 Cis. to £. O D- 112.01 Denmark TT. 18.203 17.823 Kr. to £.. 0.0. 13.2 C 17.903 France T.T. 84.18 Frs. to £. O.D. 84.22 Germany ... T.T. 9.705 R.M. to £ O.D. 0.71'0 Holland .... T.T. 7-295 7.155 Fls. to £. O.D. 7.365 ” ' 19 Italy T.T. - 74.51 Lire io £. O.D. 74.56 Java T.T. 7.265 7.1»5 Fls. to £. O.D. 7.325 7.109 Norway ... T.T. 16.181 15.89’Kr. to £ . O.D. 16.241 15.901 Sweden ... T.T. 15.785 15.490 Kr. to £. O.D. 15.845 15.500 Switzerland. T.T. 17.426 17.156 Frs. to £. O.D. 17.531 17.1C1 Shanghai... T.T. 17 5:1-64 18 21-64 -tl to Idol. O.D. 1751-64 18 5-16 Hong Kong. T.T 18 17-64 : s 49-64 d. to 1 dol. O.D. IS "-64 1 India and Geylrxr .. TT. 22 1;;-J.’ "211-16 F’ d. to rupee O D. f“ :-S 22 43-64 Japan ... . T.T. ■— 17 t5-?2 d. to 1 yen . O.D. 17 29-61 Singapore .. T.T. 3'23-32 35 17-C? i d. to 1 dol. OD. 34 5-8 35 3-16

Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Dol. Canadian Dol Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.92 5-8 3.92 5-8 O.D. 3.93 1-8 3.93 1-8 Buying O.D. 3.97 3-8 3.97 3-8 N.Z. Pound Abroad. Baaed on figures quoted by thsBank o’ New South Wales, the New Zi land nound. compared with its original n; value, is equivalent to approximately;— 16/1 in. London £l/0/1 in Australia. 16/1’ in U.S.A. 16/18 in Canada. .. 13,62 in France. in Italy. 9/6 in Germany. 11/9 in Java. £l/8/13 in Japan.

Feb. 9. Per ton. - 10. p r ton. Copper— £ s. d. £ s. d Standard sq ot 55 11 3 55 1.6 Pfly, f toward 55 la - 4 4 Electro’.. 1 tc . CO 5 0 S'.ii to 0 to 61 5 >1 61 10, il. Wire Lars . Cl 5 0 61 19 0 Eeaa — Spot . 26 3 9 27 0 0 Forward . 2. 1 3 27 2 6 Spelt er~- . 23 1 3 23 5 0 Forward .. . , ,23 17 6 10 0 Tin— Spot . 227 5 0 226 7 6 Forward .. . 22S - 0 227 7 u Silver— Fine 20d. 20d. Standard,per ox. 21 9 16d 1 ?-16d.