MONEY MARKET.

Auckland Star, Volume LXVII, Issue 149, 25 June 1936, Page 4

MONEY MARKET.

INTEREST RATES. The return to the investor on liis outlay, based upon the latest dividends, works out as follows on the sales. When Government stocks are included, the calculation provides for redemption at maturity. When payment is made in sterling, exchange is added. In the case of local body issues allowance is also made for 20 per cent interest reduction: — PER CENT PER ANNUM. £ s. <3. Bank of New Zealand 4 14 1 New Zealand Insurance .... 3 0 7 South British 2 17 5 Broken Hill . 3 9 0 British Tobacco 3 8 11 Bycroft 3 14 5 G. J. Coles 3 2 10 Mount Albert, 1/7/59 3 16 6 New Zealand Breweries .... 2 18 7 SHORT LOANS AND BILLS. (Received 11.30 a.m.) LONDON, June 24. Discount and short loan rates on the London market, compared with those for last week, are as follow: — June 17. June 24. p.c. p.c. Day-to-day loans i S Fine trade bills (3 mos.) 2to 2J 2to 2J Bank bills (3 months) . 15-16 $ Bank bills 6 months) . 2 5 Treasury bills (2 mos.) 15-16 11-16 Treasury bills (3 mos.) 15-16 11-16 New York call rates are quoted at 1 per cent. The Dutch bank rate has been reduced from 4% to 4 per cent. CALL AND DIVIDEND LIST.

DIVIDENDS. Due. Bevonport Steam —Final, 21 ... Now Gear Meat—Int., 3d Now Farmers' Trading—Final, ord., 5 p.c Xow Waipapa Bench—Id per share . . Now Consolidated Brick—2 p.c. ..... .Tune 2C .V. Bkn. Hill—Div. 2/6, bonus 1/ June 26 British Tobacco—Qrly., 13 p.c. .. June 30 Morris, Hedstrom—Final, 2J p.c June 30 Queensland Insce. —Int., 4 p.c. .. July 1 Nationnl Mortgage—Int., -h p.c. July 1 H.M. Arcade—Int., ord. 3J p.c, pref. US p.c July 1 Woolworths (N.Z.) —Int., 5 p.c. . July 1 Bulolo—Int., 1 dol. 40 cents July 2 Placer—Int., 50 cents July 2 Dominion Breweries—Ord. and pf., 6J p.c July 4 \Vorksop—10 p.c. July 0 Xational Bank (N.Z.) —Final, 2 p.c sterling July 11 Woolworths (Syd.)—Int., qrly., 2 p.c July 15 Mount Morgan. —Int., qrly., 4Jd July 20