FOREIGN EXCHANGE

Dominion, Volume 28, Issue 247, 16 July 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange yesterday: — New Zealand Buying. Selling. on London —

T.T. represents telegraphic transfers. O.D. represents on demand transactions. . The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis, lhey are subject to alteration without notice. U.S.A. Canada (per£lN.Z.) (peril N.Z.)

Position of Sterling Hy Telejirupb. — frees assu -Copyright ]joudon r July 13. The tollowing’ mean closing rates on foreign exchanges were current to-day coin pared with those ruling on July July 13. July 12. Par.

tSellers, official. ♦Sellers. tPar. 5.23 31-32 since dollar devaluation on • February 1. 1931. Gold and Silver. London, July 13. Gold—£7/0/11 per ounce, line. Silver—Cash, 30 5-16 d. per ounce; forward. 30Zd.

Addison’s Flat Report

By Telegraph.—Press Association Westport, July 13.

Supplementing the annual report to shareholders of the Addison’s Flat Gold Mining Co., Jlr. G. JI. Powell sain that although the company had been quite successful in its operations so far, having paid 30J per ceut. in dividends in the past year, it had become apparent that there was a greater amount of cement in lhe area than was originally thought It was possible to work the cement by explosives, but this was an uneconomical method. Cement had greater values than the free ground, but the cost of recovery was considerably greater. lie was confident that a machine could be made, and he felt confident in his owu ability to devise one to treat cement. When such a machine was available the millions of tons of cement in the district could be treated. In the meantime it was intended to remove the plant to Callaghan’s lead, and finances should be very buoyant, as the ground was very rich and there was work ahead for the next twenty years. Chicago Wheat Futures By Telegraph. —Press Assn.—Copyright New York, July 13. Chicago wheat futures: July, 79 5-8 cents a bushel; September, 80J; December, 82 3-8. New York, cash, 99 5-8 cents.,

£N.Z. to £stg.l00 T.T. .12-1 O.D. 123/10/ 124/10/124/8/9 Australia— £A. to £N.Z. 100 ■ .... T.T. 101 .100/10/Fiji— £F. to £N.Z. O.D. 101 100/10/100 .... T.T. 90/7/0 89 Now York— Dollars to £1 O.D. 90/7/6 89 N.Z. .. . T.T. 4.01fi 3.971 M'ltiireai Dollars to £1 O.D. -1.025 3.971 N.Z. ... . T.T. 4.011 3.98 \iislria— O.D. 4.03 3.984Schillings to £T . N.Z T.T. — 20.79 . rVIgllllU— Relgas to £1 O.D — 20.81 T.T. — 23.223 O.D. — 23.238 ■ XTiiosiuvakiaOrnwns to £1 N.Z T.T. — 94.97 1 h-nmark— O.D. — 95.02 Kronor to £1 17.928 N.Z. ... . T.T 18.178 1' r.-ii.ee— Francs to £1 O.D. 18.218 17.938 z T.T. 60.84 59.54 Germany — Reiclimarks O.D. 01.14 59.59 to £1 N.Z. T.T. — 9.658 Holland— Florins to £1 O.D. — 9.663 z T.T. 5.976 5.726 Italy— Lire to £1 O.D. 6.026 5.730 T.T. — 47.74 Java— - Florins to £1 O.D. — 47.78 N.Z T.T. 5.923 5.698 Norway— Kroner to £1 O.D. 5.973 5.702 N.Z T.T. 16.172 15.922 Sweden— Kroner to £1 O.D. 16.212 15.932 N.Z. ... T.T. 15.761 15.511 Switzerland—■ O.D. 15.801 15.521 Franco to £1 N.Z. ... T.T. 12.381 11.981 Noumea— Franes to £1 O.D. 12.456 11.991 N.Z T.T. 61.79 58.79 Papeete— Franes to £1 O.D. 61.19 58.8-1 N.Z. .... T.T. 61.79 58.79 Hong-Kong— O.D. 62.19 58.8-1 N.Z. pence T.T. 31 13-16 32J to 1 dollar O.D. 31 11-16 32 13-16 India and Ceylon— N.Z. pence 22 11-16 to 1 rupee T.T. 22 11-32 Japan— N.Z. pence O.D. 22 7-32 OOtl to 1 yen T.T. — 17 13-16 Shanghai— O.D. — — N.Z. pence t< 1 dollar .. T.T. 22 15-16 24 £ Singapore— N.Z. pence O.D. 22 13-16 24 3-16 to 1 dollar T.T. 3-1 7-32 35 5-32 O.D. 34 3-32 35 3-32

Selling— dols. dols. T.T. ... ... 3.971 3.973 O.D. ... ... 3.97'1 3.98'3 Buying— ... 4.022 4.03 O.D. ...

N. York, dol. to £ 4.955 4.951 14-8(10 Montreal, dol. to £ 4.965 4.961 4.860 Paris, fr. to £ 74 59-64 74 57-64 124.21 • i* i -is.nil Geneva, fr. to £ 15.135 15.121 Anist'tlam, tl. to £ 7.27 7.20} 12.107 Milan, lire to £ (>0.25 60 5-16 92.46 Berlin, inks, to £ 12.2S 12.28 20.43 St’lioltu. knr. to Al r.i.395 19.395 18.159 C’liagen. knr. to £ 22.395 22.395 18.159 Oslo, knr. to .A! 19.905 19.905 18.159 V ten rip. srhgs to £ 2C 2;» 2H.2»> 34.585 Prague, knr. to £ 118.50 118.25 1G4.25 Hel'fors, inks, to Al 226.875 226.875 193.23 Madrid, pes. to £ 36 5-32 36 3-16 25.225 Lisbon, esc. to £ 110.125 110.125 Ito Athens, drach. to £ ♦51G *516 375 Belgrade, din. to £ 210 ’^15 276.31 Bucharest, lei to £ ■185 490 813.60 Warsaw, zloty to £ — — 43.38 Itlo <1<? .1.. p. to inti. tu Ml 5.899 B Aires, p. to peso 135 I •>•■> 47.62 M. Video, p. to peso |39 t39 51 Calcutta, p. to rup. 18 1-8 18 1-8 18 Shanghai, p. to dol. 19 1-16 19 1-8 ■— H.-Kong, p. to dol. 25 7-8 261-8 —- Y'bainn p to yen Ht 144 21.582 Batavia, fl. to £ 7.235 7.255 12.107