COMMERCIAL.
FOREIGN EXCHANGES. By Telegraph.—Press Assn.—Copyright London, Nov. 12. Foreign exchanges are: Paris 69.50 francs; Berlin, 36,000 marks. LONDON MARKETS LATEST MEAT QUOTATIONS. London, N6v. 11. Lambs.—Canterbury light 12 l-Bd. mediuip 12 l-Bd, heavy 10 5-Rd. seconds llM>d; Southland 12d, North Island selected 12d. ordinary 11% d. South American light 10%d, heavy »y>d. Frozen Beef.—New Zealand hinds 4%d; Australian hinds 414(1: Argentine fores 3’A(l, hinds chilled Argentine fores B%d, hinds 5%d: Uruguay fores 3y>d, hinds s’A.d; others unchanged. Lead. —Imports, 20,268 tons: exports, 3258 tons. Cotton.—December. 19.41 d. Jute.—November-December, £32 15s. Hemp.—November-January, £ 32. Rubber.—Para 13%d, plantation smoked 12 l-8d to 12%d. Copra.—Octohcr-Deeombor, £ 23. Linseed Oil, £37 ner ton. Turpentine, 116 s per cwt. BRITISH TRADE. SLUMP IN EXPORTS. London, Nov. 12. The Board of Trade returns for October show that imports, compared with October last year, increased by £ 280,338: exports decreased £1,866,536, and re-exports decreased £2.108.463. The principal decreases in imports were:— Grain and flour. £7.015.539. and in exports, vehicles £2.147.217, cotton yarns and manufactures £1.871,311. Increases were: Tn imports. dutiable food and drink £2,312,026, raw cotton £2.342,894. wool anti timber £1.680,484, and in exports, coal £2,141.179. AN EMPIRE CURRENCY: London, Nov. 12. A gathering of Dominion representatives at the Colonial Institute discussed a scheme propounded by Mr. John Darling, director of the London Joint City and Midland Bank, for the creation of an Empire currency, aiming at obviating the present necessity when it was desired to pay money in the Dominions of having to convert English money into the Dominion currency. It is claimed the scheme will enable the Dominions to borrow in London at the lowest rate, instead of at 1 nor cent, more than the British Government has to pay. Lord Milner supported the scheme, regarding which mixed opinions were* expressed.
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Taranaki Daily News, 14 November 1922, Page 2
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294COMMERCIAL. Taranaki Daily News, 14 November 1922, Page 2
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