FOREIGN EXCHANGE

Dominion, Volume 29, Issue 5, 1 October 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 : —

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. U.S.A. Canada

Position of Sterling

(British Official Wireless.) London, September 2S. The following mean closing rales on foreign exchanges were current to-day compared with those ruling on September

Gold and Silver. London, September 28. Gold.—£7/1/0 l>er ounce, fine. Silver.—Cash. 29 5-16 d. per ounce; forward, 29’5-lGd.

Gold Mining Returns By Telegraph—Press Association. Auckland, September 30. The Mataki return for the week ending September 29 was 46 ounces for 129 hours’ work. GilUespie's Beach Gold Dredging Company, Ltd., yesterday reported to the Stock Exchange Association a return of 40 ounces 13dwts. for 111 hours’ work last week. The following information has been rubied to the London office of the Martha Gold Mining Company (Wajhi), Limited: “No. 2 level: A total of 72ft. has been driven west on the Martha lode. The assay value is 7/- a lon. The width of the reef at the face is about sft. No. 3 level: On the vein situated at. 50ft. in the north crosscut from the Martha gangway driving west the next 41ft. is ore of good grade, varying from one to three feet wide. Driving east the next 16ft. is also of good grade, the width of the lode being about Sift. No. 7 level: The prospecting crosscut north-west from the north branch of the Martha lode at 165 ft. in has intersected a vein 3ft. wide, assaying 29/6 a ton. The course is 48 degrees (true) and the dip 1 in 24 north. No. 12 level: Edward lode: Driving south the next 31ft. assays -1/6 a ton. The lode was crosscut at 500 ft., and measuring from the east wall the first sft. assays 1/9 a ton. The next Oft. 22/- a ton and tho last 3ft. 5/3 a ion.’!

New Zealand Buying. Selling. Oil London — £N.Z. to 124/10/fstg.100 T.T. 121 O.D. 123/10/124/8/9 J.ustralia — £A. to £N.Z. 100 .... 'I'.'l'. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 100 .... T.T. 90/7/6 89 O.D. 90/7/6 89 New York — Dollars to £1 N.Z T.T. 3.972 3.93S O.D. 3.99 3.944 Montreal— Dollars to £1 N.Z T.T. 4.01# 3.97} O.D. 4.02J 3.984 Austria— Schillings to £1 20.63 N.Z. .... T.T. — i O.D. — 20.65 Belgium— Beiges to £1 23.066 N.Z T.T. — O.D. — 23.081 Czechoslovakia — Crowns to £1 95.13 N.Z T.T. — O.D. — 95.18 Denmark — Kroner to £1 N.Z T.T. 18.178 17.928 O.D. 18.218 17.938 France — Francs to £1 N.Z T.T. 60.61 59.31 O.D. 60.91 59.36 Germany— Reiehmitrks 9.614 to £1 N.Z. T.T. — O.D. — 9.619 Holland— Florins to £1 5.724 N.Z T.T. 5.974 O.D. 6.024 5.728 Italy—, Lire to £1 47.68 N.Z T.T. — O.D. — 47.72 Java— Florins to £1 NZ .... T.T. 5.947 5.722 O.D. 5.097, 5.726 Norway— Kroner to £1 15.919 N.Z T.T. 16.169 O.D. 16.209 15.929 Sweden — Kroner to £1 15.508 N.Z T.T. 15.758 O.D. 15.798 15.518 Switzerland — Francs to £1 11.979 N.Z T.T. 12,379 O.D. 12.454 11.989 Noumea— Francs to £1 N.Z T.T. 61.56 58.56 O.D. 61.96 58.61 Papeete— Francs to £1 58.56 N.Z .... T.T. 61.56 O.D. 61.96 58.61 Hong-Kong— N.Z. pence to 1 dollar T.T. 30 31. 1-16 O.D. 29 J 31 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 11-32 22 11-16 O.D. 22 7-32 22f Japan— N.Z. pence 17 47-64 to 1 yen .. T.T. — O.D. - 17 23-32 Shanghai— N.Z. pence to 1 dollar .. T.T. 22 13-32 23 23-32 O.D. 22 9-32 23 21-32 Singapore— N.Z. pence 35 5-16 to 1 dollar T.T. 34 i O.D. 341 35} T.T. represents telegraphic transfers. O;D. represents on demand transactions. The above rates are subject to alteratiou without notice.

Sellins — T.T. . O.D. . (neri'l N.Z.) (perflN.Z.) dols. 3.93ft 3.941 dola. 3.98 3.981 Buying— O.D. . 3.98$ 4.031

-<: — Sept. 28. Sept. 27. Pur. X. York, dol. to £ 4.91 9-l(> 4.91 3-871.866 Montreal, dol. to 4.9(13-8 4.961 4.866 Paris, fr. to J* 74 41-64 74 37-61 124.21 Brussels, bet. to 29.09 29,10 35.00 Geneva, fr. to £ 15.13 15.123 Amst'dam, H. to 7.27 7.275 12.107 (Milan, lire to lit) 3-10 60.25 92.46 Berlin, inks, to £ 12.21 12.22 20.43 St'holm, knr. to £ '19.395 19.395 18.159 Clingen, knr. to ... 22.395 22.395 18.159 Oslo, knr. to 19.905 19.905 18.159 Vienna, schgs. to V 20 2li 34.585 Prague, knr. to J.. 118.75 118.875 164.25 Hel’fors, inks, to t‘ 226.875 226.875 193.23 Madrid, pes. to £ 35 31-32 36 25.225 Lisbon, ese. to 110.125 110.125 .110 Athens, drach. to 4? *516 •515 Belgrade, din. to £ 215 215 276.31 Bucharest. lei to £ *622 *622 813.60 Warsaw, zloty to — — 43.38 Rio do .1.. p. to mil. 441 1 *4 J 5.899 B Aires, p. to peso +35 too 47.62 M. Video, p. to peso i-39 11-10 +39 11-16 51 I'nieiitta. p. to flip IS 1-8 18 1-8 18 Shanghai, p. to dol. 18 7-16 IS* — 11.-Kong, p. to dol. 24 J 24 3-8 — Y'hainn. n. to yen 14 3-32 14 3-32 24 582 Batavia. 11. to 7.265 7.275 12.107 •’Sellers, official •Sellers. iPar. 8.23 31-32 since dollar devaluation on February 1. 1931