Exchange Rates

Press, Volume CIII, Issue 30576, 20 October 1964, Page 22

Exchange Rates

The pound was weak on most foreign exchanges last week. Gains were made by the Swiss and French franco, the Italian lire and the Dutch guilder. Dollar stocks, particularly the Canadian dollar, were considerably harder. Altered telegraphic transfer exchange rates advised yesterday by the Bank of New South Wales:— New Zealand on— New York; buying, 2.7781 dollars (compared with 2.7788 dollars on October 12); selling, 2.7467 dollars (2.7474). Austria: . 73.16 schillings (72.18); 70.86 schillings (same). Canada: 2.9863 dollars (2.9888); 2.9841 dollar* (2.9505). Denmark: 19.36 kroner (19.37); 18.95 kroner (same). France; 13.6* francs (13.70); 13.45 francs (same). Itkly: 1745 lire (1746); 1708 lire (1799). Netherlands: 10.06 guiders (10.07); 9.87 guiders (same). Japan: 1009 yen (1919); 987 yen (988). Spain: no buying quote, 163.70 pesetas (163.80). Sweden: 14.43 kroner (14.44); 14.12 kroner (14.13). Switzerland: 12.06 francs (12.07); 11.80 francs (11.81). Business Personal Mr N. V. Pinks, deputy London office manager of the Australia and New Zealand Bank, is touring New Zealand. He will visit Christchurch on Wednesday.

Phllllpps and Impey.—Directors of Phillipps and Impey, LtdAuckland paint, glass and wallpaper merchants, recommend a final 7 per cent dividend for all shares, making an unchanged 11 per cent for the year, payable December 8 and ex dividend November 20. The proposed one for eight bonus Issue from pre-1958 profits and capital reserves will also become ex dividend on. November 30. (PA.)