FOREIGN EXCHANGE

Dominion, Volume 28, Issue 122, 16 February 1935, Page 10

FOREIGN EXCHANGE

On- New Zealand Currency Basis DIRECT DOLLAR RATES The Batik ot New South Wales, Wellington. quoted the following rates for their purchases ami sales of foreign ex change yesteril.-i..' : —

New Zealand Pound Abroad Based mt the rates quoted yesterday by the Bank of New (Souih Wales, £1 New Zealand was worlli approximately-: 16/1 in London £l/0/1 in Australia, 16/o.} in U.S.A ; 16/1} in Canada. 9/5J in France. ()/10{ in Italy. 9/4} in Germany. 9/4} in Java. £l/7/11 in J.-tpun. Position of Sterling By Telegraph. -Press Assii.-’-Copyright. London, February 14. The following rates on foreign exchanges werp current- to-day, compared with those ruling on February 13:—

tSellers, official •Seilers tpar, 8.23 31-32 since dollar devaluatiQn on Wliriuir.v 1. 1931. Cold and Silver. London. February 11. Gold. U7/2/G1 per line ounce. Silver.—(’nsh. 2-1 5-Sd. per ounce: for- i ward. 2l ;d. i Wellington Poultry Market ' — I Prices of live poultry in the Welling - , ton market this week are quoted by Town- i send and Paul Ltd. as follow: — Fowls.—White Leghorns: Hens. 1/3 to I 1/9 each: cockerels. 1/6 to 2/-; pullet.''. | 3/- to 4/-. Black Orpingtons: Hens, heavy 2/6 to 3/- each ; medium 2/- to 2/3. Cockerels, heavy 3/6 to 4/6. medium 2/to 2/6. * Ducks.—lndian Runner: Young, 2/o to 2/6 each.; old. 1/9 to 2/-. White: Heavy. 2/6 to 3/Geese: 3/6 to 4/6 each. Turkeys: 9d. to 10d. per lb. National Mortgage Co. By Telegraph.—Press Assn.—Copyright. London. February 14. The National Mortgage and Agency of New Zealand, Ltd,, after contributing £6255 to staff superannuation provident fund, shows a credit balance of £37,371. of which £l-1.986 was brought in. A final dividend of 5 per cent., tax free, Is declared. and there is placed to reserve£sooo and carried forward £15.292. Live Stock Markets on Pago I

New Zealand Buying. .Selling on London — EN.Z. t<> Istg.lOO T.T. 12-1 124/10/O.D 123/10/124/7/6 Australia--£A. to £N.Z. 100 .... i’.'l 10! 100/16/OD 101 100/10/Fiji— £F. to £N.Z. 100 .... T '1 90/7/6 so O.D 90/7/6 89 New York— dollars to XN.Z.1 . . T.T. 3.954 3.89? <>.!>. 3.90? 3.90; Montreal— dollars to 3.91 ii £N.Z.l .. T.T. 3.95? O.D. 3.96? 3.91.4 F ra nee— Francs to £1 N.Z T.T. (>O.O7 • >!S. 4 < O.D. 60.37 58.82 Noumea— Francs to £1 58.02 N.Z T.T. 61.02 O.D. 61.42 58.07 Papeete— Francs to £1 5S.02 N.Z T.T. 61.02 O.D. 61.42 58.07 Belgium— . Belgas to £1 16.471 N.Z T.T. 17.171 O.D. 17.271 ' 16.486 Germany— Keichinarks to 1- N.Z. T.T. — 9.566 ■O.D. — 9.571 ItalyLire to £1 45.49 N.Z T.T. — O.D. — -15.53 Switzerland — • ■ 1 Francs to £1 11.938 N.Z T.T. 12.338 O.D. 12.413 11.948 Holland- ' Florins to £1 ’ 5.6S6 N.Z T.T. 5.936 O.D. 5.986 5.690 Java— Florins to £1 5.670 N.Z T.T. 5.8115 O.D. 5.945 5.674 . Japan— N.Z. pence to 1 you T.T. — 17 21-32 Shanghai 1 — - N.Z;- pence to 23 1-16 1 dollar T.T. 21} O.D. 21} 23 India and Ceylon— N.Z. pence 2 22$ to 1 rupee I’.T. 22 13-3 OD 22 9-32 22 11-16 Hong-Kong— N.Z. pence to 1. dollar T.T. 261 27 9-16 O.D. 26} 27| ■ ■Singapore— N.Z. pence 35$ O.D. 34 5-1(1 35 5-16 T.T. represents telegraphic transfers. O.D. icpreseuis on demand transactlions. The above rates are subject to alteralion without notice. The Associated Banks (other than the Bank of New South Wales) pioted the following dbllar-stcrling rates’ yesterday. They are subject to alteratioi notice : — without U.S.A. Canada Conversion of dollai bills •received for collection and sale of dollar drafts and telegraphic transfers 4., 4.87 Purchase of dollar bills ■■ 4.90 -1.J1 Ou a New Zealand currency basis these rates are equivalent to : — Selling— U.S. A. Canada 3.901 3.91* On demand 3.90} 3.914 Buying— Ou demand o.v< 3.97}

Feb. 14. Feb. 13, Par. N. York: dol. to £ 4.88 4.88 1-16 i 1.866 Montreal, dol. to £ 4.88 6-8 4.80 4.806 Paris, t’r. to £ 73 31-3 74 1-32 124.21 Brussels, bel. to £ 26.90 ' 20.80 3“.0<\ Geneva, fr. to £ 15.08 15.08 Amst’dam. 11. to £ 4 ■ ~ " 7 ' .1 12:107 Milan, lire to £ 57 7-1(5 57 7-16 92146. Berlin, inks, to £ 12.115 12.16 20.4:3 . St’holm, knr to £ 19.40 19.40 i,v.» C’hagen, knr to £ 22.393 22.395 is.liiO Oslo, knr to £ .10.905 111.905 Vienna,- schgs. t.o*£ 2(1.25 26.25 34.5S5 Prague,' knr. to £ 1T6J5 116.75 194.25 Hel’fors. inks to £ 220.50 226.50 i 93.23 Madrid, pen. to £ 35 23-3L 35 25-32 2a. 22a Lisbon, esc. to £ 110J27>' 110.125 no Athens, drank, to £ •'514 *515 375 Belgrade, din. to £ 216 210 276.31 Bucharest, lei to £ 485.50 485 .813.60 Warsaw, zloty to £ 25.87 43.38 Rio de J., p. to mil. t4i 141 5.899 B Aires, p to peso t3«i 1361 47 62 M. Video, p. to peso 1363 t30? 51 Calcutta, p. to.rup 18 5-32 IS 5-32 IS Shanghai, p. to dol. 17 7-8 17 13-16 — IT.-Kong. p. to dol, 21 9-16 21 11-16 Y’hama. p. to yen 14 14 24.582 Batavia. 11. to £ 7.205 7.22o 12.107