Buying Rates Altered
(New Zealand Press Association) WELLINGTON, December 9. The New Zealand Bankers’ Association announces that in consequence of the alteration in the Bank of England discount rate from 5 Vs per cent, to 5 per cent., adjustments have been made in the trading banks’ buying' rates, New Zealand on London. The new buying rates, which will be
effective on and after December 9, are as follows: (Basis £lOO English currency)
T/T (unchanged) £100 7s 6d. Sea mail Air mail O/D . 99 8 0 99 18 3 3 days . 99 6 3 99 16 9 30 days . 98 18 0 99 8 3 60 days . 98 9 9 99 0 0 90 days . 98 1 6 98 11 9 120 days . 97 13 3 98 3 6 Notes . 97 13 3 —
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https://paperspast.natlib.govt.nz/newspapers/CHP19601210.2.121
Bibliographic details
Press, Volume XCIX, Issue 29384, 10 December 1960, Page 11
Word Count
132Buying Rates Altered Press, Volume XCIX, Issue 29384, 10 December 1960, Page 11
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Acknowledgements
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