EXCHANGE RATES.

Auckland Star, Volume LXIX, Issue 224, 22 September 1938, Page 8

EXCHANGE RATES.

8 THE AUC Finance, Commerce, Markets I southernkcchangk TTT~~3Z"~" TO-DAY IN CHRISTCHURCH. ON CHANGE. the latest quotations. 1 ■ VALUES ARE FIRMER. SLOWS C#rVN AGAIN ■Awes— »«»•«. aeiiera. . n„nk of A'aala _ ..10/15 0 MORE BUSINESS RECORDED. <'.'iiiincrcial 1.-./7 .. 35/11 HARBOUR BOARD LOANS CHEAPER vluS'o} xz" " ${%% " °il a/0 (By Telegraph.—Special to "Star.") Sew B0 Si5th* i %ii " - •'•' W CHRISTCHURCH, this day. a busier _»v yesterday the " ~"'S 0ver twic e ** much business was pin • tock Exchange opened quietly this morn- N.Z. (ii'paidj 1/9/0 '.'. —"' through on Exchange this morning as ai in? and only a few .sales were tinaiijed at INSURANCE both caIte yesterday. Values in the man the first call and these reflected OV- National 16/0 17/0 were firm > eome confirming low generally weak tone of the market. New Zealand".*.*"!!" 2/13/9 '.'. 2/15/0 Prices recently ruling, but others, notablj Hid.lina wan particularly .jack' in the 2l , .! , ,wi 0 ~i ritl " h 2/3/ ° " metal*, making substantial gains. z"il-in,r J'V i ! i y ." Bn - "/ X " 1V F,MA|,,C,AI — early sections. Bank of New Zealand* ,,, ',■> ii y with huv-ix i)„ m . invest.. Bank. (down Id) and GoldshroughMorts (down |. N ,"„;'„ "",,"''.,''"; wt "'° Nc ' w z,, " , « , "l Awn 17/6 .. — 3d) recorded the only sales before the hi''' ■ t M u ,ow , rr . '" :4 ' •""' " £'"*'"• •')'"'• 'S ,m W ) — •• V8/« .miscellaneous division was reached. '"0" -'-'"e .n for Soutl. Ilntmh at 43/. J«riii. Am-.. £2 pad) - .. 1/14/0 Australian Glass, at a drop of 2/ to 90/3 Kecont. wenkn.vs in local bo Iv debe-i- |"",,' 'V.icV \l '."J."! " JJ brought quotations into line with recent tines w.ik stiikiiujl.v exemplilied in (he I'nrni! Au.t. (B pref) '.'. 1/0,0 lowpr rates, but almost all other indus ramp ill t| l( . Auckliitid Harbour Board 4 1 /i'w Newton King (pref.) — " lo/O trials improved. i!l 7 lid. which cliiiiikTrl IimikIm at 4.'UK) 1." ' Loan anil Mercantile — .. 33/O/ot The New Zealand miscellaneous 'group compared with Kim in .July, just befoie V Ak. |;anii. (K pref) — ... lo, rt j remained dull. Sellers of Dominion Fer the liah year's divinVrjd was paid. Allow- j™' • Vina n™ ?n» f! ~ " i /o 7 /!! tiliscrs were unsupported at 24/ ami mg r,. r interest adjustments this shows .. r * 1 J ' lnante " >r<f > ~ •• 1 /°/»[ Farmers* Fertilizers had a wide market drop ol approximately £3 17 0. In Gov- COAL— between 16/ and 20/... cinnient stocks there was a better demand Grey Valley 13/0' lin ' n I? issues were more active, Gilles nt the low rates recently ruling, but there Ptikemiro ........... 16/6 '.'. 18/8 J >ieB Beach and Maori Gullys having fail were no offers for .">3-.">7 3'i's, which were Itenown (ord.) — .. 8/3 turnover. avail ible nt CD4 Itenown (pref.) 2/3 .. . 2/81 Australian metal shares gained ground. Australian industries looked a little Tauo r! Yn'ref)' l/?/o " ™ /3 Ju.ve™ finished at 29.'10 for Broken Hi'] easier. wVsrport.?.... '.'.'.'.'.'. — " Tk/Z Sou^ hs - 27 .' 2 for L-yells an'd «"/ for North Improvement at Noon. Westport, '"" Stockton " ' Broken Hills. Hn.din, iinproyed at the noon call. A.... WcXort" StocWon'pf t% V. VI ~~ adv.;':",.. ***- » ' ■ SALES REPORTED. stock* were quoted tinner Auckland (paid) 19/6 .. 1/0/0 .bo - " &% (By Telegraph-Press Association.) moving ,.,, V to a sale at £2 f>' .with Wellington - .. 1/14/6 CHRISTCHURCH. 1 losing quotations firm on that haure. SHIPPING— Hr.iken Hill Proprietary were active, the , Wednesday.—Broken Hill Proprietary, ■ al.. price being above'that indicated lr. North''"steanf 1 "?; aid) —** " ~4/) V>j"i ' H '""' ) *" * '' Tar " ,,akl ° 11 ' morning quotations, though a shade below Northern Steam (con) — '.'. 1/oj "Tlils Day.—Bank of New Zealand. £ J \ esterilay h rate. Iniun Steam (pref.) . — .. 1/6/3 2/; Goldsbrough Mort. £ 1 «i/8; Australian In the mining Barrier shares showed a T tmmra (Mass. £4 10/3: Broken Hill Proprietary marked improvement and Mount Morgan T,M " ER 12 l.">/t) (2): Electrolytic Zinc (pref.). preferences had their first local sale at j!'«rtliolornew — .. 18/0 £ 2 4/j, (3) : O. J n.le« £ 3 17/2 ; Tara r 1 n r, Kauri Timber 1/2/0 .. 1/3/0 n,,k l Oilfields. 12/4: Gillesples Beacli. ti 1 _f xt t i j v j 1- u 1-eyland. O'Brien .... — .. 18/0 Hid; Maori Gully. «d (2); Broken Hill Hank rrf New /ealands had better National 8/0 .. — South. £1 9/11 (2); Mount Lyell. £1 buyens at £2 2/2. with sellers 6d higher. Uotoitl 3/4 .. 4/3 7/2 (2): North Broken Hin (cum div.). 11111I offers for Nationals were raised to £2 Tinipo, Totara (ord.) */9 .. — £2 6/ (2). 12/ without attracting a selling quotation. Taupo. Totara <pr*f.) — .. 18/6! WELLINGTON. Holiday on Manrfav Tariugamutu - .. 13/0I Wcdnesday.-Rtock, 15/2/43-4B. 4 per nouoay on monaay. WOOLLBW Jcent. £1<><>: Amalgamated Brick (AuckThe Exchange will observe next Mon- Kni.im.i ln ,,Mi ..iilandl, 1/3/44, 6 per cent, £97; Cominerday, Dominion Day, as a holiday. Ku do (cant) — "* C 1 * 1 Bank of Aiistmlla (pref.). £0 6/6: :.KajaK! gs& .;;::; - :: 1S/0 \^ThI - £12/6: &,rlto " Urew,!ry - _-_,__ .__-.„ j- •itCWKRIKs— ,1 This Day.—Morning call: 34 per cent ■AXJSS OOMFUBTBQD. c u , ferf '. i/ixi Stock. 1939-43. £98 7/6 <2V. Saln™ R,.J •* 1/6/0 reported: 3J per cent Stock. 1939-43. £!>8 . »«m ■£SSS& < «SS1- •' ~ 7 /«= 8 l Per cent Stock. 193R 52. £100; »T TUB S.1I PJi CALL VUTHlMV- r „„7 " — Kauri Timber. £l 2/C; Taranakl Oil. 12 2. ht m wit r* ««u ththimt- I on. Breweries (pref) 1/10/0 .. — No<>I1 mn.—Bank of New Zealand. £2 UM «•!•. v°7 m ' (C ° D) t/,o<I? " Broken Hill Proprietary. £2 15/0; £ n fl ' « ■ a Breweries 1/19/6 .. 2/0/0 Electrolytic Zinc, pref.. £2 4/10. Kauri Timber . 12 6.. 127 "•••€BLlAIIB©V»— nrvPDiv AUst. Olas 4 11 O .. 4 12 » Alloy Steel (An 8 t.) .. 7/1 .. 8/0 Dom. Breweries 1 10 0 .. 1 10 • Aust. (ilasa 4/9/0 •• 4/11/3 Wednesday.—Bank of New Zealand, £2 Burns, Phllp ... 2 10 9 .. — Aust. Iron, 8teel (prf) .. 1/7/6 2/ (2); New Zealand Breweries. £2. Ddnlop Perdrtau 10 6.. 109 Berlel (N.Z.i 8/1/6 .. 3/12/6 This Day.—North Broken Hill, £20/. \f cKenalea 3 00.. 3 50 British Tobacco .... 2/6/0 .. — Woolworth (8yd) 10 8.. 102 Broken Hill Pty 2/15/6 .. 2/16/0 ' Woolworth Hold- Broken mil Pty, con l/17/O .. 1/18/3 ...».—«-..... UA ..... nr - n trurs 0 14 IO .. 0 15 2 Burns, Phllp — .. 2/11/6 AUSTRALIAN EXCHANGES. S, Broken Hill, 2 8 0.. 248 Claude Neon (N.Z.) .. - .. 1/6/0 «*» I IWrVMIBJ tAV/nHBHLO. Stock. 1.V8/32-55 Colonial Sugar 48/5/0 .. 48/10/0. 4 pc 100 0 0 ..100 0 0 Consol. Brick 8/9 .. 7/91 S,^ k .., ,. MllPPn ' _ „ M m m Dom. Fertilizer — .. 1/6/0 TO-DAY IN SYDNEY. 39-43, Sj p.c.. 98 7 8 ... 98 7 6 Dunlop, PerdrtaO .... — .. 1/0/9 St ?o k % 1 Nor -' **" ,~v » ,~. - Elect. 4lt>c 1/19/8 .. 2/0/3 02 . 3J PC 10* 0 0 .. «» 0 0 meet. Zinc (pref.) ... 2/4/8 .. — (Beeelved 1 p.m.) -_ _ M- ._ . _ _... _____ Farm. Trading 19/5 .. 19/6 *i.- j •T TM8 10 AM. CALL TO-DAY— Farm. Trad. (B pre/) l/l/O .. — SYDNEY, this day. N.Z. Insurance . 2 14 6 _ 2 1* 0 SJ* ar M , eB L " This morning'a sales include.— Pom. Breweries g- •*• Coe " ••; •' *' Xi /* £ s d (new issue ° re T » n 'l Menalea .. 12/0 .. — *. s. u. folly nnldl 1 9 O — I-CI. (pref.) 1/1/6 .. 1/1/9 Bank of New South Wales 30 2 « P«sf* lea .;'■.■' 1 Jo " 14 4 Hill aad Plommer .. — .. Anthony Hordern O If. 0 Alt X * W " " * * " H.M. Arcads (ord.) .. — .. 1/0/0 Cash Orders O 1', 0 9/7/49' ' 10O 15 A 108 A A H.M. Arcade (pref.) . — .. 1/1/6 Toother 2 12 !) y/Vf ••••••• W»» " 1W w ..." KJ5.V. Boxes (coat.) 3/8 ., 4/» Electrolytic Zinc 2 0 0 »T 11.11 -.«. CALL TO-DAY— MaTduff?* 1 * * Wf * > '* — .*" ' 17/6 Br»-«a Mill PtJ oHi. • •» aii*2 M?Kendrtck'Br«'aI.'ord - ".".* 1/0/0 vctT»niVfi mi«iNfr«s Ls'SsEw-fli - : s^Sr Btaatr.ss* - m yesterday^bus,ness. v M *^ 0 - : ■■■«• ■ W: SYDNEY. September 21. • «UMJB-NM8vaMla-VAT40M-Li J, .., ( . or 4r> ••_•••!». ** _" Pending an improvement in the Kurn-.«.W-.;.^W r _Ttfc Mngg _and Cboycs *ean situation, investors are purging a l%/»*,« t »«» «"it,,de on the Sydney-SI«* i.„ ot -. . m v Morts Dock .., 2E, 12/0 Kscbange. The trend of to-day s prices V»eceiv*« 11 a.m.) Motnroa Oil / — .. 5/2 was downward, with the exception of '. " RUGBY..September 21. Motnroa Oil (pref.) .. — .. 5/2 Broken Hill stocks, which were firm. _.,,,..< , -■ ht , *_. . . . . Farmers' Fertiliser .. — .. 17/3 Sales includedB *#" h . ,rar 1< P»«»* i*0U»ted N.fc Newspaper* .... 1/18/0 ... — Sales included, at £100 10/, compared with £100 15/.yea- N. Boiler MHla (prf) i/0/6 .* — _ . . w « .. w . lM ,„ « « terday and £99 17/1 on Monday. Palmer, Colllna and »•«• <»* *»SJ*» " % \ o Molyneux, 7%d. lOttd. I?«? liaV .......: - " 17/0 Tooths 2 12 6 - Reid (N.Z.) Robber . — .. 1/4/91 Australian Glass 4 11 0 *. ..... ,,' , Saaford (ord.) 8/8 .. 4/3 British Tobacco 2 6 10 lai-reraro-r na-rcro ianfora (pref.) — .. 15/6 (pref.) 1 11 6 INTEREST RATES. «.-0. Kain — IS/6 Broken Hill Prt.prletary .... 2» 16 0 B. O. XalB (pref.) .. — .. l/O/O Colonial Sugar 46 12 6 —— Taranakl OB 12/8 .. 12/6 Electrolytic Zinc (pref.) 2 5 0 _. ■ „ , . -. ___ Ualon Oil 1/1/8 .. — O. J. Coles (N.Z. delirery) .. 3 17 0 The return to the investor on his outlay, Yfalraxel — .. 8/8 Henry Jones 2 8 0 based upon the latest dividends, works Whittome. Stevenson — .. 1/1/0 Woolworths (Sydney) 1 0 41 out aa followa on the latest lalea. When S lta ? I,s Cen l en i • • • • w/0 • • — Emperor 012 9 Government stocks are included, the cal- £„£{£„!*:£ fx&l "" i7o<? " JS/2. [f 1,,m . a « A,? i! ....!,*:«- _»>».u_» «». 1 -* *k_ Woolworth (8yd.) ... 1/0/3 .. 1/0/4 Mount Morgan o 11 0 culatior pro>Wea for Tedemption) at the Woolworth (8yd.) 2nd . (N.Z. delivery) 0 10 11 earlier,date of maturity. When payment ,/pref ',.. 1/8/9 is made in sterling, exchange ia added. In Waldas Shoes — < i. '. 7/6 The Sfelbourne market opened firmer. the case of local body issues allowance n a-y■■■_-_ ■•oca— hut was inclined to ease at the close. also made for 20 per cent interest reduc- Woo | Wortn Holdlnga Business included:— ti0n: ~ PBR CBNT PEB ANKUM. *"'<*> '' *» - «W romm ; rplaI % * £ £ s. d. mi-llIWl— Australian Glass 4 10 9 New Zealand Inaamace .... 8 18 5 Alexander (cont.) ... — .. 10/0 Broken Hill Proprietary 2 15 6 Kauri Timber 8 18 4 Jrgo ................ 1/8 . 1/11 Dunlop Perdrlau 1 0 6 w«H?-o2E ,tos 8 16 0 BigBw. :::::::::: _ 7 : i/i EiectrSiyuc zm c 2 o o Australian Glass a in o minfc-F»*_» »•■••• •• ,.,'.}; inrpf ) 2 .1 o %%£*X2?SETZSP — Sil" SSSSTT..::::::::: *v« :: '$ ii? S wf. n . Phlln ' X lS 1A CoaaoL Ooldflelds .. — .. 11/0 Imperial Chemicals (10/ pd.) Oil 5 nJusJ*to%fia>''''''•"••" 2 is 8 OlUeapJe's Beach ... — .. 1/1 idioms 13 4 r.T.l*fiVS, J 11S Golden Crown — Z 3/0 Mount Lyell 1 7 0 *::::: 5 ai o §?a£ M ?t w i_jiV' -«- - 2/0 &*¥£%£?*„■ s j i j» Stock. 15/6/82-M, 4 4 2 0 New Klver !!??!?. *J 0/5 " — Broken Hill 2 6 0 _______________ Martha ...".'!*!!!" 10/7 ".". 11/6 " "— Talisman — .. 7/6 ->_--.• •■«««-> -.-->-■-. GOLD AND STERLING. 1 !* » .- EXCHANGE RATES. Broken Hill Beat- .. 1/9/6 .. l/lo/o ' ■ Emperor _, 12/0 .. 13/0 r--».i*_A aso lb« if>5* ; - 1^^3 ♦• *W* NEW ?EALAND QUOTATIONS. laWaaWlO 8.89 a.SJ.J jjt. Kasl .-.._ 4/0 _ B/O XjffitT*nK Rentetnrjsr SI Mt - Lyell 1/6/9 .. .1/7/3 >*?>*?'*,* Mt - Morgan 10/9 .. * ll/o Following are the latest rates for purGold is quoted at £7 4/ per fine ounce. Mt. Morgan (pref.) .. 1/0/3 .. 1/1/3 chases and sales of foreign exchange quoted The exchange rata OH New York la North Broken Hill .. 2/5/9 .. 2/6/6 by the Bank of New South Wales. Anekland. 4.82% dollars) to the pound sterling, and Bawang 8/0 _, 8/3 They are subject to alteration without on Paris 178** franca. OOVUtMraiPTT BONOO— n0 i ,C *«""« - « -. ' ' ..,-.„„.. _ To £1 N.Z. On Demand. The Wlowin* la a summary of the $,»*• •■• J%%% " o*77o/a c *™™r- r -T- Buying. selling Sentemheria ? aSf Hflur.l^7 " ~ »vTk«f I igfi 4 *™ .SP f /rp'c.^ 1 :. _ .. 10 vo/o FffiaVU ,85? liW ,«^ SS5 ! ''^ :::::: \H T^!^? a.. SSSSfi^: u i%« - 14 a September 15 .,..< 7 • a 15/T/39-41, 3 p.c. 98/0/0 .. — Greece, drach. . 4*10.74 — 430.89 September 16 I 2 21 15/1/58-57, 3i p.c. .. — .. 94/0/D Holland, florin . 7.120 7.310 7.122 September 17 7 4 »1 15/2/48-46. 4 p.c 98/15/0 ... 100/2/6 Italy, lire .... 73.462 — 73.487 September 19 7 4 7 15/4/46-49, 4 p.c 100/15/0 .. 101/2/6 Java. 8orin ... 7.101 7.291 7.103 September JK) 7 4 • 15/6/52-55, 4 p.c 100/2/6 .. 100/5/0 Norway, kr. ... 1SS02 16.242 15.P95 September 21 ...» 7 4 0 15/9/4143.34 p.c. .. 98/10/0 .. — Noumea, franc . 140.54 — 140.HS Mar„ «9r+3. 84 p.c. .. 98/5/0 .. — Papeete, franc . 140.69 — 140 73 Nov., «8f.2, 3J p.c. .. 99/17/6 ..100/0/0 Sweden, kr. ... 15.489 15.844 15.492 natnrr-irtiai o«rn-|/ ?. e "*" "S" 2t pc - •• J*/ •• — Swltserland. fr. 17.008 17.383 17.010 UNOFFICIAL STOCK. M *r> a^ 52 - 3 * P»- •• »/12/6 .. — N.Z. pence to— nsasaimi- Chef 00, dol. ... Nominal. _____ m ivn-w Hongkong, dol. 18 53-64 18 27-64 18 53 04 __,.__. Anck. Har. Board, India ft Ceylon. ■wyers. Sellera. »/I/80 — ..105/0/0 r »P e « 2213-32 22 3-32 22 13-32 Assoc. Motorists (pf) 1/2/8 .. — CltJ »f Auckland, .Japan, yen 17 9-16 — 17 9-lf. Auckland Trot. Club 1/1/89 — .. 100/O/0 MauOn. peso . 30 31-32 30* 3031-32 1/1/39-44 I00/n/0 .. — YTaltemata Elec. P.B., Shanghai, dol . Nominal. Anst. Trov. Assce. . 8/6 .. — 1/1I/B0, 3| p.c ... — .. 95/0/0 Singapore, dol. . 85 3-64 34 5-16 35 3-C4 BritlNh and Dominion franklin Blec. P.B., _ Investments — .. i/3 1/6/69, 8 7-8 p.c. .. — ,.109/0/0 _-«_.-.. «..«._._.^.._ British Neon 8/0 " 6/9 Franklin Elec. P.B., FOREIGN QUOTATIONS. Brnnnsr Col. (ord.) . — .. 5/0 2/8/83, 4k p.c — .-lOfl/10/0 Pom. fdfe (cont.) ... — .. 4/6 TMinedln, 1/4/49-52 . — ..1O3/10/0 British Official Wireless. Electric Products ... — .. 19/6 Mannrewa, 1/9/61 ... — .. 103/0/0 /R__.H-«1 ti ,-1 FIJI Kauri 8/9 .. 10/w Auck. Trans. Board, (Received 11 a.m.) Industrial Chemicals — .. 10/6 1/4/44-52 190/0/9 »-. 198/0/0 RUGBT, September 21. K.iknhJ d %',JnSLS i *" . *' *£%/& S* m i Ut *». VML'". - "MW/W/O The foUowIng rates on foreign exrhamres M imaku Fo?e»£ "" " St" — *" " are cu^ nt ' «5,mpared with the last cabled H. 838 *P r ** ; i» •••• --_ •• 19/9 »t. Kden. 1/8/87 .... •— .. 108/0/0 quotations and par;— Mt. Kden Land ...... 9/0 .. — New Lynn, 1/0/88 .. — .. 10O/O/O a_ «« _. - : «^ M.Hlern Shoes 3/6 .. — Whangarel,' 1/9/W *. -, ..io8/10>» 8ep - **> 8 T *"' Par - National Tobacco .... — .. 2/8/0 Amal. Brick. 1/3/44, Mootreal. dol. . 4.84| 4.84| 4.80S ITZ. Perji. roreets .. 1/14/0 .. — 6 p.c. (Anck.) ..... 08/0/0 .. 80/0>0 ***•"' York > do1 - 4 - 82 * 4.825-16 4.S66 %.Z. Perp. Forests (4/ Ama"!. Brick, 81/3/44. •" /v/w w '* v Paris, franc .. 178 5-lfi 1784 I79.oo ••••'. 10/8 .. 14/6 „« PC (W ; gton) ... 80/10/0 .. -- Bftssels. belga 28.594 28.591 3.-.00 NZ. Woolsack — .. 3/6 Booth, Macdonald. Geneva, franc . 12.28* 12.281 25 22 Nei«on Tobacco fpraf) — .. l/i/o •V6/47. 84 p.c. .... 08/0/0 .. —' Amsterdam, fr. 8.92 3-18 8.923-16 12.10 Nkau Bacon ........ — .. 1/10/0 Ols Milan. Ure .... 9111-16 91| *9200 lk ?« B "con (pref.) . — .. 1/10/0 31/8/41, efp eT... 10O/O/O .. — Berlin, r.ra. ... 12.06 12,06 20 43 Paclflc Forests — .. 10/0 Abraham ft WillUma, Stockholm, kr. 19.40 19.40 18 159 «:w - ** fl/a - .. Mfw fo-oo ■ •«fe'-' }ft?l no 6 .«ry C Muitl"sign.': = " " ' JUgS a?* «' JS l2»* JJjg" , ,^.! N : z : ) .,:::: = :: i?f« DOLLAR RATES. fe 0^ 3 ! ft It S "westlnnll RaTa'ta- 4 * If* " Tn/n « T^a Associatad Banks (other than tb. Bucnarest. lei. 865 665 813.0 Wolkato C a roan*. "* Bank of New- South ±£ R '°- mn - ••••• S15-16* 2 15-16* 5S99d Isatlon. 1/474-1 ?.* 93/0/9 . r - following dollar rates tiiiay oS . N™ ' i2 01i ln01J »•« -W'fton Publishing... -.- - '/, 4/19/0 Zealand currency basis snbiect"t« .uit S? vi, J eo - do1 - " S m ™ 2 " 5W Whakntnne Paper «•/«¥» . without notice?- J * * lter *' «2!" , !fK !/ 'i 5 U P ee , 2s 29 " 32 1 _, 28 " 32 1M Mills (oni) a/a .in »■•»«» -unto. Shanghai, dol. .81 8J — WUton Col. (snares) — 1. ir./o atl*N_.i c^ r »» Yokohama, yen 14 14 24.5Sd Wlnstone _ " i9/J> «,,„__ __ Al."*:* fil "• Z) Ba'avia. gr. ... 8.901 «901 12.10 Woolworth >op. . 14/0 14/" " "' , " X £ 2-22J 1 * 8.88 7-16 Belgrade, din. . 214 218 276.31 Woolwon. ,W. P Ans.) J° Buying %& UfVlO l"*™' *$£J£ .8____ ***