EXCHANGE RATES

Press, Volume C, Issue 29634, 3 October 1961, Page 19

EXCHANGE RATES

Gains By £ The £ was firmer yesterday than last week and madO small gains over the North American and most European currencies. Telegraphic transfer exchange rates as advised yesterday by the Bank of New South wales, are as follows; ; -1

Business Personal

Mr R. W.> R. Johnston has i been appointed a director ’ of The Mercantile and Gen- , eral Reinsurance Company of Australia, Ltd., and The Mercantile and General Life Re'assurance Company of Australia, Ltd. Mr G. D. Campbell, who recently retired as manager 'of the Bank of NS.W. In Christchurch, has been api pointed a local director of 1 the Provident Fire Insurance Company, Ltd, in Christ- , diurch. The Provident Fire Insurance Company is a sub--1 sidiary of the Phoenix Assur. i ance Company, Ltd., of Lorii: don.

N.Z. op London— Baying Selling N.Z. to £100 st. 100/7/0 101 New York—, Doi to £1 N.Z. 2.8096 2.7778 Montreal— Doi. to £1 N.Z. 2.8947 2.8375 Australia— £A to £100 N.Z. 124/10/9 124 South Africa— Rand to £1 N.Z. 2.0660 1.9748 Austria— schillings to £1 N.Z. 72.71 71.23 Belgium— Francs to £1 NX. 142.03 137.50 Denmark— Kroner to £1 N.Z. 19.62 18.94 France— Francs to £1 N.Z. 13.93 13.55 ItalyDire to £1 N.Z. 1749 1714 Netherlands— Guilders to £1 N.Z. 10.24 10.00 Norway— Kroner to £1 N.Z. 20.25 19.38 Sweden— 1 Kroner to £1 N.Z. 14.64 14.30 Switzerland— Francs to £1 N.Z. 12.18 11.94 JapanYen to £1 N.Z. 1021 998 Hong Kong— N.Z. pence to dol. 14 49-64 15 23-64 India— N.Z. pence to rup. 17 29-S2 1811-32 Pakistan— N.Z. pence 17 29-32 to rup. 18 11-32 Malaya and Singapore— N.Z. pence to dol. 27J 28 41-64