FOREIGN EXCHANGE

Dominion, Volume 28, Issue 285, 29 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 for their purchases and sales of foreign exchange yesterday:—

N. pence to 1 dollar T.T. 34 5-16 35i O.D. 34 3-1 G 35 3-16 T.T. represents telegraphic translers. O. represents ou 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. They are subject to alteration without notice.

Position of Sterling

Bv Telegraph.—Press Assn. —Copyright.

T.ondon, August 27.

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

Gold and Silver.

London, August 27. Gold.—£o/10/94 per ounce, fine. Silver.-—<Ca«sh. 29d per ounce; forward, 28 15-l Gd.

Dividends Payable

New Zealand Buying. Selliug on London— £N.Z. to 124/10/£stg.1OO T.T. .124 O.D. 123/10/124/8/0 Australia — £A. to £N.Z. 100 .... T.T? 101 100/10/O.D. 101 Fiji--£F. to £N.Z. 160 .... I'.T. 90/7/6 89 O.D. 90/7/0 89 New York— . Dollars to £1 N.Z. ... . T.T. 4.02:1 3.98'1 O.D. 4.04 3.991 MontrealDollars to £1 N.Z. . T.T. 4.038 3.99§ O.D. 4.04J 4.00J Austria— Schillings io tl N.Z. ,.. T.T 20.77 O.D. — 20.79 Belgium— Bt'leas to £1 N.Z T.T. 23.388 O.D. 23.403 •<< ruo'.ovakiaCrnwns to £1 95.94 N.Z T.T. — O.D. — 95.99 Denmark — Kroner to £1 17.928 N.Z. . T.T. 18.178 O.D. 18.218 17.938 France— Francs to £1 N.Z. .... T.T. 60.99 59.69 O.D. 61.29 59.74 Germany— Reiebmarke 9.724 to £1 N.Z. T.T. ’ — O.D. — 9.729 Holland — Florins to £1 5.782 ' N.Z. ... . T.T. 6.032 O.D. 6.082 5.786 Italy— Lire to £1 48.14 N.Z. ..... T.T. O.D. 48.18 JavaFlorins to £1 5.770 N.Z. . T.T. 5.905 O.D. 6.045 5.774 Norway— Kroner to £1 N.Z T.T. 16.168 15.918 O.D. 16.20S 15.928 SwedenKron er to £1 "V.55 • ■ • T.T. 15.760 15.510 O.D. 15.800 15.520 Switzerland — Francs to £1 12.051 N.Z. ... T.T. 12.451 O.D. 12.526 12.061 Noumea— Francs to £1 58.94 N.Z T.T. 61.94 O.D. 62.34 5S.99 Papeete— Francs to £1 N.Z T.T. 61.94 58.94 O.D. 62.34 58.99 Hong-Kong— N.Z. pence 30J to 1. dollar T.T. 29 5-16 O.D. 29 3-16 30 5-16 India and Ceylon— N.Z. pence 22 1.1-16 to 1 rupee T.T. 22 11-32 O.D. 22 7-32 22J Japan— N.Z. pence 17 29-32 to 1 yen T.T. — O.D. — —. Shanghai N.Z. pence to 22 15-16 1 dollar .. T.T. 218 O.D. 21 i22J Singapore—

Selling— T.T. . o.n. . U.S.A. (per £1 N.Z.) dols. 3.98S 3.09-1 Canada (per£l N.Z. dols. 3.99jj 4.001 Buying— O.D. . ..... 4.03 J 4.04'J

20:— Aug. 27. Aug. 26. )Par.. N. York, ilol. to £ 4.07 ll-lG4.pT 13-16+4.866 Montreal, dol. to £ 4.385 4.985 4.866 Paris, fr. to £ 75 7-64 75 3-16 124.21 Brussels, bel. to £ 20.50 29.51 48.611 Geneva, fr. to £ 15.225 15.23 25.225 Amst’dam, fl. to £ 7.34 7.34o 12.107 Milan, Uro to £ 00.875 .60 9-16 92.46 Berlin, inks, to £ 12.36J 12.37 20.43 St'holm. knr. to £ 19.395 19.395 18 159 C'hagen. knr. to £ 22.395 22.395 18.151) Oslo, ,knr. to £ 19.90519.905 18.159 Vienna, seligs. to £ 26.25 26.25 34.585 Prague, knr. to £ 11911-16 119.625 16-1.25 Ilel'fors. inks, to £ 22G.875 226.875 103.23 Madrid, pes. to £ 36.25 36.25 25.225 Lisbon, ese. to £ 110.123 110.125 110 Athens, Urach, to £ *519 < ■518 375 Belgrade, din. to £ 217 217 276.31 Bucharest, lei to £ ‘627 >626 813.60 Warsaw, zloty to — 43.38 Klo de J., p. to mH. t-H 5.899 H. Aires, p. to peso +35 ■ 47.62 M. Video, p. to peso t»9 3-8 ' 139 3-8 51 Calcutta, p. to run. 18 1-8 18 1-8 IS Shanghai, p. to dol. 17 7-8 17 7-8 —— H.-Kong, p. to dol. *23 13-16 24 Y'liania. p. to yen 11 <-3J 14 3-16 24.582 Batavia, fl. to £ 7.325 7.315 12.107 official •Sellers. tPar, 8.23 31-32 since dollar devaluation on February 1. 1934.

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.c. ,. Aug. 31 Standard Insurance —final, 1/3 per share .. -. > Sept. - C. L Innes. Ltd.—ord. S p.c. pref., 6 2-5 p.c Sept. — Itenown Collieries—ord., 3d. a share; pref., 7 p.c Sept —■ Westland Breweries—5 p.c Sept. 2 Elder. Smirn and Co.—final. 2j p.e Sept. 2 General Motors Holdens—halfyearly, 0 p.c.. pref Sept i Electrolytic Zinc. pref., final, 4 p.e ordinary. 5 p.c. for year Sep 10 Huddari Parker —int., pref. 3 p.c.. ord., 3J p.c. ...... Sept. 12 Broken I’ll! South —div., 1/G and boon: 1/- per share- Sept 14 Gillespie’s Beach Gold D. Co., 5 ' per cent Sept. 15 North Broken Hill—3/0 per King Solomon—25 p.c Sept, 30 Claude Neon, Ltd., Sydney— 15 p.c., payable as to 7A P-'-. (and payable as to 7 J p.c. January 1) ......... Oct. 1