FOREIGN EXCHANGE

Dominion, Volume 28, Issue 283, 27 August 1935, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis

DIRECT DOLLAR RATES

The Bank of New South Wales, Wellington. quoted the following rates lor their purchases and sales of foreign exchange yesterday

T.T. represents telegraphic translcrs. O.D represents on demand transacb°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. They are subject to alteration without notice.

Position of Sterling

By Telegraph.—Press Assn.—Copyright

Doadon, August 24.

The following mean closing rates on foreign exchanges were current to-day compared with those ruling on August

(■Sellers, offie’al •Sellers. tl’ar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Sliver. Gold —£6/19/11} per ounce, fine. Silver—29 18d. per ounce; forward, 2,1 1-Sd.

Dividends Payable

Bank of N.S.W., quarterly 5/a share Aug. 28 Melbourne Steamship—final, ord. and pref., 3 p.c Aug. 28 Queensland Brewery—final, ord. 3} p.c. pref.. 5} p.c Aug. 28 Wincheombe Carson —final, 4 p.c. Aug. 28 Associated Newspapers—int..

ord. and pref., 2 p.c Aug. 30 Mason, Struthers,, Christchurch —3 p.c. p.a Aug. 28 Carlton Brewery—int., 5 p.e. .. Aug. 31 Standard Insurance —final, 1/3 per share ' Bcpi Westland Breweries—s p.c Sept. 2 Elder, Smiry and Co. —final, 2} p.c Sept. 2 General Motors Holdens—halfyearly, 6 p.c.. pref Sept. ‘ Electrolyi i" Zinc, pref., final, 4 p.c o n lmary. 5 p.c. for year Sep. 10 (ludi'ari I’arker —int., pref. 3 p.c.. ord., 3} p.c Sept. 12 Broken Hill South—div., 1/6 and bnion 1/ per share Sept. 14 Gillespie’s Beach Gold D. Co., 5 per cent, Sept. 15 .North Broken Hill—3/6 per

sbnre Sept. ..<5 King Solomon—2s p.c Sept. 30 Claude Neon. Ltd.. Sydney—.ls p.c.. payable as to 74 p.e. (and payable as to 7J p.c. January 1) Oct. 1

New Zealand Buying. Selling. on London — £N.Z. to 124/10/£stg.lOO T.T. 124 O.D. 123/10/124/8/9 Australia — £A. to £N.Z. 1.00/10/100 .... T.T. 101 O.D. 101 100/10/Fiji— £F. to £N.Z. 10i' .... I’.T. 90/7/6 89 O.D. 90/7/0 New York — Dollars to £1 T.T. 4.02J N.Z. ... 3.98S O.D. 4.03J 3.991 Montreal — Dollars to £1 T.T. 4.03S O.D. 4.04| 3.99§ 4.001 N.Z. .. • Austria — Schilling- io 11 N.Z. .... T.T O.D. — 20.77 20.79 Belgium— Beiges i<- t) x.z T.T. 23.392 O.D. 23.407 zrr ii' <s.o\a k inCrowns to £1 N.Z T.T. — . 90.02 O.D. — 96.07 Denmark — Kroner to £1 N.Z. • • • T.T. 18.178 17.928 O.D. 18.218 17.938 France — Frnn'.s to £1 N.Z T.T; 61.01 59.71 O.D. 61.31 59.76 GermanyReich marks to £1 N.Z. T.T. 9.1'23 O.D. 9.728 Holland — Florins to £1 N.Z. . T.T. 6.034 5.784 O.D. 6.084 5 788 Italy— Lire to £1 N.Z T.T. — O.D. —„ 47.99 48.03 JavaFlorins to £1 N.Z. ... . T.T. 5.987 5.762 O.D. 6.037 5.766 Norway— Kroner to £1 N.Z T.T. 16.168 15.918 O.D. 16.20S 15.928 Sweden — Kroner to £1 N.Z. ... . T.T. 15.760 1,5.510 O.D. 15.800 15.520 Switzerland — Francs to £1 N Z. ,. • . T.T. 12.454 12.054 O.D. 12.529 12.064 Noumea — Francs to £1 T.T. 61.96 N.Z 58.9G OD. 62.36 59.01 Papeete — Francs to £1 N.Z TT. 61.96 5S.96 O.D. 62.36 59.01 Hong-Kong— N Z D0DC6 to 1 dollar T.T. 29 11-16 30J _. O.D. 29 9-16 30 11-16 India and Ceylon— N 1o *1 “rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 22 J Japan— N.Z. pence to 1 yen T.T. 174 O.D. . — Shanghai— N.Z. pence 1 dollar .. °T T 21 25-32 23 3-32 O.D. 21 21-32 23 1-32 Singapore N.Z. pence to 1 dollar T.T. 34 £ 35 3-16 O.D. 34J

Selling— 'LIT. . O.D. . U.S.A. Canada (perilN.Z.) (peril N.Z.) dole. dols. 3.9S& 3.991 3.99} 4.00} Buying— O.D. . 4.03} 4.04J

23: — Aug. 24. Aug. 23. Par. N. York, dol. to £ 4.97 5-8 4.96 7-8 14.866 Montreal, dol. to £ 4.985 4.97} 4.866 Paris, fr. to p 75 17-64 : 75 7-64 124.21 Brussels, bel. to 29.50 29.49 48.611 Geneva, fr. to £ 15.225 15.21 Amst’dam, fl, to 7.34 7.335 12.107 Milan, lire to CO 9-16 60 0-16 92 46 Berlin, mks. to £ 12.36 12.345 20.43 St’holm, knr. to £ 19.395 19.395 18 159 C'hagen, knr. to A’ 22.395 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, scbgs. to p 26.25 26.25 34.585 Prague, knr. to £* 119.75 119.50 161.25 llel’fors. mks. to £ 226.875 226.875 1?:L23 Madrid, pcs. to £ 36.25 36.25 Lisbon, esc. to £ 110.125 110.125 110 Athens, drach. to £ •51.8 *518 3i5 Belgrade, din. to £ 217 217 276.31 Bucharest, lei to •626 *626 813.60 Warsaw, zloty to — 43.38 Kio de J., p. to mil. tH 5.809 B. Aires, p. to peso 135 t3.» 47.62 M. Video, p. to peso 139 3-8 1391 51. Calcutta, p- to rup. IS 1-8 18 1-S IS Shanghai, p. to dol. 1715-1< 1 17 13-16 —• H.-Kong. D. to (! lol. 24 5-16 23 7-S —- Y'hama. n. to yen 14 3 16 14 3-16 24.582 Batavia, fl. to £ 7.315 7.335 12.107