THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21812, 18 June 1936, Page 13

THE STOCK EXCHANGES

BANK OF NEW ZEALAND LOWER FAIR TURNOVER LOCALLY Turnover on the Christchurch Stock Exchange yesterday was fair, with most of the dealings again in industrials. A number of stocks declined in price, probably because of profittaking. The outstanding decline was in Bank of New Zealand sharps which had a sale at £2 3s 3d, about 2s lower than the price last week, and closed with buyers at £2 and sellers half a crown away.

DEALINGS COMPLETED

UNLISTED STOCKS Sale on ’Change 300 Shillings, Ltd. (7s Cel paid) •• (2) 011 9 Sale Reported 100 Shillings, Ltd. (7s 6d paid) ■• • • 0 I^9 Banking Commercial Bank of Australia were fractionally firmer at 19s 3d, sellers staying in at that ■ price, buyers at 19s 2d —the preference had business at £9 3s fid. National Bank of Australasia, £5 paid, had dealings at £7 4s 6d and more were offered at £7 ss. buyers at £7 3s 6d. Unsupported sellers of the fully paid reduced then limits to £l4 16s. Bank of New Zealand eased to 43s 3d, and closed weaker with sellers at 42s 6d, huyci s at 40s. . . Goldsbrough, Morts, cum dividend, were fractionally weaker at 31s 9d, closing quotations 2d on either side. United Building Society were easier with sellers at 21s 3d. New Zealand Breweries were fractionally weaker with dealings at 51s 9d, and further sellers at 51s Bd. Miscellaneous Anthony Hordern were fractionally firmer, with sellers and dealings at 51s Bd. Sellers of Australian Glass, cum dividend, reduced their limits to 91s 6d. Broken Hill Proprietary declined to 71s 6d, and closed easier with sellers at 71s, buyers at 70s 6d —the contributing eased to 495, and closed with sellers at 48s 9d. Consolidated Brick dropped to 9s 4d, and there were further sellers at that price. Dunlop Perdriau Rubbers were fractionally weaker, with sellers and dealings at 17s sd. Hume Pipe (Australia) had dealings at 20s sd, market closing 20s buyers, 20s 4d sellers. Peters’ Ice Cream (N.Z.) had business at 25s Id. Sellers of Wilson’s Cement reduced their limits to 44s 6d. Woolworths (N.Z.), ordinary, cum dividend, were dealt in at £9 9s. Mining Big Rivers were a shade stronger, with sellers and business at 2s Id, buyers at 2.?. Alexander Mines, contributing, were firmer on buyers’ offers 14s 4d. Gillespie’s Beach had business at Is 2d. King Solomon changed hands at Is lOd, and Is lOad. Skippers were steady at 33d. Waimumu moved up to 7£d, market closing £d either way. A late sale of Mount Lyells, cum dividend, on Tuesday, was reported at 24s 6d —business yesterday was at 24s 4d, closing quotations Id on cither side. Mount Morgans were weaker at 15s 8d and 15s 3d, sellers staying in at the lower price, buyers at 15s 2d. Unlisted Stocks Shillings, Ltd., were a shade stronger, with buyers and dealings at 11s 9d. Buyers of Selfridges raised their bids to 27s 5d for the old issue, and 27s 6d for the new. LATEST QUOTATIONS Buyers. Sellers. * £ s. d, £ s. d. N.Z. Government Debentures 3$ p.c. Ins., 1938-52 .. 3i p.c. Ins., 1939-52 .. 102 0 0 103 0 0 4 p.c. Ins., 1943-46 . . 104 5 0 - 4 p.c. Ins., 1942-55 .. 4 p.c. Bonds, 1940 .. 102 10 0 4 p.c. Bonds, 1946 . . 104 7 6 4 p.c. Bonds, 1955 Other Debentures Foxton Borough, 4f p.c., 31/1/46 .. Banks Australasia (£5) .. 11 10 0 Com. ot Aust. (10s) .. 019 2 019 3 Com. of Aust. (pf., £10) Com. of Sydney (£l2 10s) .. .. E.. S.. and A. (£3 paid) 6 4 0 6 6 6 Natl, of A’asia (£lO pd.) Natl, of A'asia (£5 pd.) 7 3 6 7 5 0 Natl. Bank of N.Z. (cum div., £2,105) .. New South Wales (£2O) 32 5 0 33 0 0 New Zealand (£1) .. 2 0 0 22 6 Union of Aust. (£5) ~ Insurance National (6s paid) .. 018 3 Loan and Agency Dalgety and Co. (£5) .. Goldsbrough, Mort (cum div., £1) 111 7 111 11 N.Z. Guar. Corpn. (3s) 0 5 4 0 5 6 N.Z. Loan and Mercantile (£100) Permanent’ Invest. (£10) United Build. Soc. (£1) 10 6 113 Wright, Stephenson (ord., £1) . . 0 19 6 Wright, Stephenson (pref., £1) .. Newton King (pf., £1) 0 10 0 Shipping Huddart-Parker (pref., £1) .. .. New Zealand (pf.. £10) 12 5 0 P. and O. Def. Stock (£1) .. ..166 Union (pref,, £1) ..160 Frozen Meat Canterbury (£7 10s paid) .. .. 9 0 0 Gear (cum div., 10s) N.Z. Refrig. (£1 paid) 019 10 10 1 N.Z. Refrig. (10s paid) 0 9 3 0 9 7 North Cant. Freezing (£3 paid) .. 15 9 113 0 Woollens Oamaru (ex div., £1) .. Yarra Falls (£1) .. 118 0 Kaiapol (17s paid) .. Kaiapoi (7s paid) ~ 0 6 3

UNLISTED STOCKS All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks, and are not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d.

PRICE OF GOLD LONDON. June 16, Gold is quoted at £6 IBs 5d a fine ounce.

SYDNEY On the Sydney Stock Exchange yesterday, buyers seemed disinclined to follow the market any higher, and investments, with a few exceptions, were inclined to slacken. The gilt-edged section, pending the outcome of the loan, was rather quiet. Morning Sales £ s. d. Commonwealth Bonds —

j LONDON QUOTATIONS (UNITED PRIBB A.SSOCUTIOK-COPTBIGHT.)

MINING WEST COAST DREDGING RETURNS i The following are last week’s returns from New Zealand-owned dredges operating on the West Coast: — I Hours. Oz. Dwt.

NOKOMAI COMPANY (press assocutio* tbleoeau.) DUNEDIN, June 17. The annual report of the Nokomai Gold Mining Company states that the actual gold won by hydraulic elevating during the year amounted to 710qz lldwt, valued at £5007 8s lid. This showed a slight loss for the, period. A further return of 550 z lldwt, being the finish of the final paddock for the year, came to hand a few days after the books were closed. . During the year the Nokomai Gold Dredging Company (London) failed to float the new .company, and all negotiations were cancelled. A satisfactory basis for the final settlement of matters in dispute with Industries. Ltd., and the Vulcan Company was arranged. Afterwards an option was granted to the Burma Malay Company to bore the property in conjunction with an option over other areas. This option was abandoned after one month’s boring, and the company received payment of £IOO. The directors therefore recommend the installation of two 12-inch gravel pumps working in series and their necessary accessories at an estimated cost of approximately £BOOO. They consider it advisable to raise by way of a debenture issue a sum of not less than £12,000, out of which £4OOO is payable to Industries, Ltd., in the terms of the agreement entered into with that company, and the directors recommend that the balance be applied in purchasing and installing the two gravel pumps. THE METALS MARKET

SYDNEY WOOL* SALES

MARKET SLIGHTLY WEAKER COMPETITION IRREGULAR (UNITED PRESS ASSOCIATION—COPTRIGHT.) SYDNEY, June 17. At the wool sales, 6847 bales were offered. 4189 were sold at auction and 2423 privately. The market was slightly weaker, and competition was irregular. All wellgrown wools were taken by the Continent and Yorkshire. ANTWERP FUTURES (UNITED PRESS ASSOCIATION—COPYRIGHT.) LONDON, June 15. Antwerp futures are quiet. Quotations are:—July 26§d, October 26Jd, December 26gd. FOREIGN EXCHANGES (BRITISH OFFICIAL WIRELESS.)

FOREIGN EXCHANGE RATES The Bank of New South Wales, Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:— Buying. Selling. London—- £ N.Z. to £IOO stg. T.T. 124 124/10 0.0. 123/10 124/8/9

DOLLAR MARKET RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canada. (Per £1 N.Z.)

LONDON. June 16. i Silver is quoted at 19 13-16 d a fine ounce for spot and forward.

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listed stocks Sales on ’Change £ s. d. 1150 Comm. Bank of Aust. 0 19 3 100 Natl. Bank of A/asia (£5 paid) <4) 50 Bank of New Zealand 7 2 4 3 6 3 100 Goldsbrough, Mort 1 2 0 ] I 9 (cum div.) • ■ 200 N.Z. Breweries (2) 11 18 9 6 100 Anthony Hordern • • 100 Broken Hill P r °P l >; 2 0 9 9 17 0 2 o (contr.) . 100 Consolidated Brick .. 4 K 300 Dunlop Rubber (3) 200 Hume Pipe (Aust.) (2) 0 1 0 0 0 0 5 1 3 : ! 300 Big River o 600 Skippers ... 0 ’ll 500 Waimumu Sluicing .. 100 Mount Lyell (cum 1 0 4 4 div.) 100 Mount Morgan 15 3 Sales Reported 3 100 Comm. Bank of Aust. 0 19 25 Comm. Bank of Aust. ft (pref.) 100 Anthony Hprdern 9 0 18 D 6 6 100 Broken Hill Propty. 3 1 1 1 0 100 Hume Pipe (Aust.) .. 5 100 Peters Tee (N.Z., ord., 9 1 1 1 0 cum div.) 9 0 300 Gillespies Beach 2 10 101 600 King Solomon 0 0 200 Mount Lyell (cum div., 6 late sale Tuesday) .. 1 4 300 Mount Morgan (2) 0 15 8

Coal Westport (10s) 1 1 7 1 1 in Stockton (10s) 0 1 6 0 2 6 Stockton (pref., 10s) .. Gas 0 2 10 0 3 6 Christchurch (£1) .. 1 12 Breweries 6 1 13 6 Carlton (£1) 2 16 0 — Dunedin (£1) — 1 11 0 New Zealand (£1) 2 11 0 2 11 8 Staples (£1) 1 14 0 — Timaru (10s) 0 14 6 — Tooths (£1) .. ■■ 2 12 Miscellaneous Amalgamated Wireless 9 2 15 (£1) Amalgamated Wireless — 0 0 (con., 14s paid) 1 15 Anthony Hordern (£1) Aust. Glass (cum div. 0 18 4 0 13 6 £1) Aust. Iron and Steel 4 10 3 4 11 6 (£1) 1 5 4 1 5 6 Beath and Co. (£1) 1 4 6 1 6 6 Beath and Co. (Is paid) — 0 6 9 Beath and Co. (pf., £1) — 1 6 0 British Tobacco (£1) 2 0 9 2 1 0 Broken Hill Prop. (£1) Broken Hill Prop. (con. 3 10 6 3 11 0 6s 8d paid) Claude Neon (N.Z.) 2 8 6 2 8 9 (El) — 2 2 0 Colonial Sugar (£20) .. — 0 42 5 0 Consol. Brick (£1) 0 9 0 9 4 Dominion Fert. (El) .. 1 5 3 1 6 6 Dunlop Rubber (£1) .. 0 17 4 0 17 5 Electro. Zinc (ord., £1) 1 18 9 1 19 9 Electro. Zinc (pf., £1) 2 1 4 2 2 0 General Industries (£1) General Motors-Hol-0 19 4 0 19 10 den's (pref., El) 1 3 0 — G, J. Coles (£1) 3 18 9 3 19 3 Hay's, Ltd. (15s paid) Greater Crystal Palace 0 14 9 0 15 0 (£1) Henry Jones Co-op. 0 7 0 ■“ 0 (£1) — 2 1 Howard Smith (£1) Hume Pipe (Aust.) — 0 19 6 (£1) 1 0 0 1 0 4 Kauri Timber (25s) .. Mason, Struthcrs (£1 1 3 2 1 3 5 paid) — 0 0 15 0 Milburn Lime (£1) Morris Hcdstrom (cum 2 1 div., £1) 1 5 0 0 9 10 Morts Dock (£1) — N.Z. Drug (£2) N.Z. Farmers’ Co-op. — 4 0 0 (£2 10s paid) N.Z. P’armcrs’' Co-op. 0 19 0 1 5 0 (10s paid) N.Z. Farmers’ Co-op. 0 1 2 —— 0 (1st pref.. £5) N.Z. Farmers’ Co-op. 3 15 0 4 5 (A prof., £4) N.Z. Farmers’ Co-op. — 2 15 0 (B pref., £4) N.Z. Farmers’ Co-op. (4i p.c. stock, 1940. 2 0 0 2 7 6 £.100) N.Z. Farmers' Co-op. (4J p.c. Stock, 1941, 91 5 0 91 10 0 £100) — N.Z. Newspapers (£1) — 11 2 2 0 Peters Ice (N.Z.), (£1) Quill, Morris (1936) 1 4 1 5 9 (£1) Taupo Totara Timber 0 17 9 0 18 3 (10s) 0 10 0 — United Pictures (£1) ■ 0 19 0 — United Provisions (£1) Whitcombe and Tombs 0 14 0 0 14 3 (£2 10s paid) — 3 10 0 Wilcox Mofflin (£1) ■■ Wilson’s Cement (cum 0 11 9 div., 10s) Woolwcrtns (N.Z., ord. 2 2 0 2 4 6 cum div., £1) Woolworths (N.Z., pref.. 9 0 0 9 12 G £1) Woolworths (Sydney). — 9 1 16 0 (2nd pref,, £1) Woolworths (Victoria) 1 5 1 6 5 (pref,, £1) — 1 10 0 Otago Daily Times (£1) Mining 2 11 0 Addison’s Flat (Is) .. — 0 2 0 Alexander 1£1) 0 14 0 0 19 0 Alexander (15s paid) 0 14 4 0 14 6 Antonios Hyd. (Is) 0 0 5 0 0 10 Aotearoa (Is) 0 0 i 0 0 « Argo (Is) 0 1 8 0 1 9 Big River (Is) 0 2 0 0 2 1 Blackwater (15s) 1 13 6 — 44 Brian Boru (Is) 0 0 44 0 0 Consol, (cum div., £ ) 0 15 0 — 10 Deep Lead (Is) — 0 0 Gillespie’s Beach (Is) o. 1 1 0 1 2J Golden Dawn (5s) .. — 0 3 9 Golden Point (6d) .. 0 0 1 0 0 Golden Sands (Is) .. 0 2 0 0 2 9 King Solomon (Is) .. 0 1 8 0 1 10 Maerewhenua (Is) 0 0 21 0 0 3 Mahakip'awa (6d) 0 0 04 0 0 1 Maori Gully (Is) 0 0 10 0 1 0 Martha (5s) — 0 19 3 Nevis Diesel Elec. (Is) Okarito (5s) 0 0 i 0 2 0 0 3 6 Skippers (Is) 0 0 0 0 4 Wairnumu Sluic. (Is) Worksop Extended 0 0 7 0 0 8 , (cum div., Is) .. — Australian Mining 0 2 0 Mt. Lyell (cum div.. £1) 1 4 3 1 4 5 Mount Morgan (2s 6d) 0 15 2# 0 15 3 Rawang Tin (10s) 0 8 8 0 B 11

Andersons. Ltd. (pref.) 0 19 6 — Assoc. Motorists Petrol (pref.) 1 7 6 1 9 0 Christchurch Press .. 7 10 0 9 15 0 Emperor Fiji 0 12 0 — Cranwclls — 2 0 6 Macetown — 0 0 7 National Tobacco — 3 7 7 N.Z. Perpetual Forests 2 17 0 3 0 6 N.Z. Perpetual Forests (4s paid) .. 0 10 0 — South Seas Fishing .. 6 8 0 — Self ridges (A’sia, old) 1 7 5 1 7 11 Selfridges (new) 1 7 6 1 8 6 Shillings, Ltd. (7s 6d paid) 0 11 9 0 11 11 Tiproff Seal — 2 15 0 Westland Breweries .. 1 4 6 — Westland Breweries (ICs paid) 0 13 6 — White’s Electric 0 0 7 0 0 9 Woolworths (Sydney), (ord.) 5 12 G 5 14 6 Woolworths (W. Aust.) 5 0 0 AUCKLAND Sales on ’Change £ s. d. Wanganui City, 1939, 4$ p.c. 101 15 0 Wanganui City, 1940, 41 p.c. 101 17 6 E,, S., and A. Bank .. 6 4 0 Bank of New Zealand .. (2) 2 2 6 National Insurance 0 18 5 New Zealand Insurance 3 4 6 3 5 0 South British Insurance 4 12 0 N.Z. Guarantee Corporation 0 5 5 Auckland Gas 1 5 10 Northern S.S. Company 0 5 0 Kauri Timber 1 3 .5 Mosgiel Woollen 9 16 6 Dominion Breweries 1 6 10 Australian Glass 4 11 6 4 11 0 Broken Hill 3 11 0 Colonial Sugar 42 0 0 Cons. Brick 0 10 0 (2) 0 9 10 G J. Coles 3 19 6 Henry Jones 2 0 9 New Auckland Laundry 0 19 9 Peters Ice Cream 1 5 0 Wilson’s Cement 2 4 6 King Solomon 0 1 10J Waihi Junction 0 3 4 Unlisted Stocks National Tobacco 3 6 0 Selfridge’s (A’asia) (new issue) 1 7 6 1 7 9 1 8 0 Shillings. Ltd. (7s 6d paid) 0 11 9 Woolworths (Sydney) 5 14 3

WELLINGTON i Sales on 'Change 4 p.c. Stock, 1940-49 (late Tues.) £ 104 S. 5 d. 0 Argo Gold (late Tues.) • • 0 1 9 Standard Insurance .. 3 3 6 N.Z. Refrig. ,, 1 0 0 Union S.S. (pref.) *• 1 6 2 Dominion Breweries .. • • 1 6 9 N.Z. Breweries 2 12 6 Burns, Philp 3 13 3 Claude Neon (Sydney) 3 13 2 9 6 9 Cons. Brick 0 10 0 G. J. Coles [3) 3 19 6 Hume Pipe • • 1 0 4 Unlisted Stocks Shillings. Ltd. (5) 0 11 8 Wool worths (Sydney) (6) 5 14 0 DUNEDIN Sales on 'Change £ S. d. Bank of N.S.W. 32 15 0 Bank of New Zealand , * 2 3 0 Westport-Stockton (pref.) 0 2 11 Mosgiel Woollen , 9 15 0 Anthony Hordern 0 IS 6 G. J. Coles ., 3 19 3 * 3 19 9 Mount Morgan „ ## 0 15 8 0 15 6 Brian Boru .. 0 0 4 4 p.c. Stock. 1937-40 (2) 102 10 0 4 p.c. Stock. 1943-46 104 5 0 Unlisted Stocks Woolworths (Sydney) 5 14 0 Mackintosh-Caley-Phoenix (2) 0 10 0 Shillings, Ltd. 0 11 7 0 11 9

4 per cent?, 1938 101 3 9 4 per cent., 1941 ., 101 5 0 4 per cent., 1947 .. 102 12 6 4 per cent., 1955 100 17 6 Commercial Bank of Australia 0 19 4J Tooths 2 13 6 Anthony Hordern 0 18 9 Dunlop Pcrdriau 0 17 74 Henry Jones 2 1 0 Howard Smith 0 19 4i James Stedman 0 19 41 Meggitts 1 7 0 Afternoon Sales Commercial Bank of Sydney 20 4 0 Commercial Bank of Australia 0 19 6 Colonial Sugar 42 5 0 Associated Newspapers 1 2 3 Associated Newspapers (pf.) 1 2 6 Automatic Totalisators 0 19 0 Automatic Totalisators (pf.) 1 3 0 Adelaide Steam 1 10 4i Huddart-Parker 1 17 3 Burns, Philp . , 3 13 0 Tooths 2 14 0 Tooheys 1 11 9 Australian Iron and Steel (pf.) 1 5 10 Australian Glass 4 12 0 Dunlop Perdriau 0 17 7i Dunlop Perdriau (pref.) 1 14 3 Goldsbrough, Mort 1 12 0 Winchcombe, Carson .. 1 11 3 Commonwealth Wool .. 0 IS 0 Millaquin Sugar 2 4 0 Fairymead Sugar 2 7 9 Electrolytic Zinc 1 1 19 104 Farmers 11 u Hume Pipe 1 0 MaPeys 0 17 6 R. Fowler 0 13 9 Woolworths (ord.), buyer 5 14 0 Woolworths (ord.), seller 5 15 0 Mount Lyell 1 4 9 Broken Hill Proprietary 3 11 0 Broken Hill Proprietary (new) 2 9 fi South Broken Hill 5 10 6 Lady Shanton 0 4 0

MELBOURNE | Commercial Bank of Australia £ s. 0 19 d 5 1 Commercial Bank of Australia J (pref.) 9 3 0 Electrolytic Zinc 1 19 9 Electrolytic Zinc (pref.) 2 2 6 Australian Glass 4 12 0 Goldsbrough, Mort 1 12 0 G. J. Coles Mount Morgan 4 0 u 0 15 3 8 8 0 0 17 11 North Broken Hill Loloma

LONDON. June 16. June 2. June 16. Banks — £ s. d. £ s. d ; Australasia 9 8 9 9 7 E.. S., and A. 4 6 8 4 6 Union of Auwt. 7 2 6 6 18 9 New South Wales .. 25 5 0 25 7 6 National of N.Z. .. 2 16 6 •2 15 0 New Zealand 2 0 0 *1 16 6 Others — June 9. June 16. British Tobacco 1 12 fi 1 12 Goldsbrough, Mort 1 5 7i 1 5 u Dalgety and Co. .. 7 5 0 7 5 0 P. and O. Def. Stk. 0 19 G 1 2 6 New Guinea — 0 3 3 Bulolo 6 7 6 6 9 6 June 2. June 16. N.Z. Loan and Merc. (4 p.c. debs.) 91 0 0 91 0 0 (ord. stock) 26 0 0 26 0 0

Mossy Creek .. 160 62 3 Worksop .. 132 61 0 Mataki .. .. 136 56 0 Argo .. 90 53 0 Maori Gully .. 134 14 3 Okarito .. .. 128 13 3 Total 259 9 Average 43 4

(BRITISH OFFICIAL W1EILESS.) RUGBY. June 16. June 15. June 16. Cooper- £ s. d. £ s. d. Standard. spot 36 4 4a 36 5 7* Forward 36 10 0 36 8 9 Electrolytic .. 40 2 6 40 2 6 to 40 12 6 40 12 6 Wire bars .. 40 12 6 40 12 6 LeadSpot 15 0 0 15 0 0 Forward 15 3 9 15 2 6 SpelterSpot 13 15 0 13 13 9 Forward 14 0 0 13 18 9 TinSpot 181 7 6 181 2 6 Forward 179 2 6 179 17 6 SilverFine per oz 19Sd 19 13-16d Standard, per OK 217-ied 21 £d

Paris, fr. to £1 RUGBY, June 16. Par. June 14. June 16. 124.21 76 29-64 76 35-64 New York, dol. to £1 4.866 4.031 5.04 3-16 Montreal, dol. to £1 4.866 5.041 5.042 Brussels. belgas to £1 35 29.77 29.82 Geneva. fr. to £1 25.2215 15.57 15.60 Amsterdam. fl. to £1 12.107 7.441 7.46 Milan, lire to £1 92.46 63 15-16 64 Berlin, reichmarken to £1 20.43 13.49 13.511 Oslo, kr. to £1 18.159 19.90 19.90 Stockholm. kr. to £1 18.159 22.391 22 £91 Vienna, schgs to £1. 34.585 26j 262 Prague, kr. to £1 164.25 1212 1211 Helsingfors, marks to £1 193.23 229 229 Madrid, pesetas to £1 25.2215 36-57-64 3615-16 Lisbon, escudos to £1 110 108 7-16 108 7-16 Athens, drach to £1 875 536 537 Bucharest. lei to £1 818.6 673 697 Belgrade, dinars 25 £215 22.2 22.3 Rio de Janeiro, pence to milreis 4.899 41 41 Buenos Aires, pence to dol. 51 „ _ Montevideo, pence to dol. 51. 38 11-16 381 Bombay, pence to rupee 19 181 181 Shanghai, pence to dol. • 1413-32 14 13-32 Hong Kong, pence to yen • 15 7-16 15 7-16 Yokohama, pence to yen * 14 5-64 14 5-64 Batavia, guilders 12.107 7.391 7.411 Warsaw, par zlotys to £ 1 43.36 _ ♦Determined by price of silver.

Australia— £ A. to £100 N.Z. T.T. 101 100/10 OD. 101 100/10 Fiji— £ F. to £100 N.Z. T.T. 90/7/6 89 OD. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 4.07J 4.032 O.D. 4.081 4.041 Montreal— Dol. to £1 N.Z. T.T. 4.081 4.04| O.D. 4.09i 4.051 Austria— Schgs. to £1 N.Z. T.T. — 21.02 OD. — 21.04 Belgium— Belgas to £1 N.Z. T.T. — 23.824 O.D. — 23.835 Czechoslovakia— Crowns to £1 N.Z. T.T. — 96.75 OD. — 96.80 Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 OD. 18.263 17.903 France— Francs to £1 N.Z. T.T. — 61.25 OD. — 61.29 Germany— Relchmarks to £1 N.Z. T.T. — 9.986 OD. — 9.991 Holland— Florins to £1 N.Z. T.T. — 5.946 OD. — 5.950 Italy— Lire to £1 N.Z. T.T. — — OD. — — Java— Florins to £1 N.Z T.T.— 5.898 O.D. — 5.902 Norway— Kroner to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kronor to £1 N.Z T.T. 15.785 15.490 OD. 15.845 15.500 Switzerland— Francs to £1 N.Z. T.T. — 12.431 OD. — 12.436 Noumea— Francs to £1 N.Z. T.T. — 59.88 OD. — 59.94 Papeete— Francs to £1 N.Z. T.T. — 60.03 O.D. — 60.09 Hong Kong— N.Z. pence to dol. T.T. 18 7-16 19 15-16 OD. 18 11-32 19 29-32 India and Ceylon— N.Z. pence to rup. T.T. 22 9-64 22 57-64 % OD. 22 3-64 222 Japan— N.Z. pence to yen T.T. — 17 21-32 OD. — 17 41-64 Shanghai— N.Z. pence to dol. T.T. 17 5-32 18 17-32 OD. 16 31-32 18 33-64 Singapore— N.Z. pence to dol. T.T. 34 7-16 351 OD. 341 35 31-64 T.T. represents Telegraphic Transfer. O.D. represents On Demand.

Selling— dol. dol. T.T. .. 4.03J 4.04J O.D. .. 4.04| 4.05i Buying— O.D. .. 4.083 4.093 PRICE OF SILVER