Exchange Rates

Press, Volume C, Issue 29616, 12 September 1961, Page 17

Exchange Rates

Sterling was again stronger last week against both the united States and Canadian dollars. It also gained ground in relation to most European 1 currencies. Altered telegraphic transfer exchange rates, as advised yes- , terday by the Bank of New South Wales, are as follows: New Zealand on:— , New York: buying. 2.8062 doi- , ars (compared with 2.8018 dollars on September 41: selling l 2.7744 dollars (2.7701). ' .Montreal: 2.802 S dollars . (2.5899): 2.8558 (2.8528). • Austria: 7263 schillings (72.50); ■ 71.15 schillings (71. M > Belgium: 141.82 francs (141.82); ■ 137 30 1137.10). > Denmark: W. 60 crowns (1058); ’ 18 92 crowns (18.90). France: 13.81 francs (13-»); ,13.53 francs (13.51). - Italy: 1747 lire (1744); 1712 , lire (1709). ' Japan: 1030 yen (1018); 996 1 yen (905). > Netherlands.: 10.28 guiMers | (1020): 5.87 guilders (S.Sfe), Norway: 20.24 crowns (same); 18 58 crowns (MADU4M ’ : (mSh’hso ■fcanra‘ 1 (* 1 J 8> ranCS Western Germany: 11.24 marks • (11.231; 11.00 marks (MOS). N.OJF.C. Profit— lncreased i expenses sliced into on improved gross profit and left ■ the North Otago Farmers’ Co-operative Association, : Ltd, with a 40 per cent, reduction in net profit for the : year to July 31. The trading : profit was up from £83,317 : to £88,687 but the net profit • after taxation was down by i £3706. from £9235 last year to £5529.—(P.AJ