FOREIGN EXCHANGE

Dominion, Volume 29, Issue 98, 20 January 1936, 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 on Saturday : — 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 on Saturday on a New Zealand currency, basis. They are subject to alteration without notice.

Position of Sterling By Telegraph.—Press Assn.—Copyright London, January 17. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on January

Gold and Silver. London. January 17 Gold—£7/0/11 pit ounce, fine. Silver—Cash. Hid nor ounce; forworn ■io! quoted. London. January IS Gold—£7/0/111 per ounce, line. Sterling exchange. London on Nen York 4.95 3-46 dollars, on Paris 75 francs on Batavia 7.255 florins. New Australian Loan ilv Telegraph —Press Assn. -Copyright London. January 17. The city editor of “The Tinies" says the less enthusiastic reception given the Australian loan does not reflect on the Commonwealth's credit and economic position. It is merely due io changed investment conditions. It would be unreasonable to expect the rate of interest on fixed stocks to continued falling indefinitely. The yield steadily declined from Ute beginning of 1932 to 1935. Therefore, it is not surprising that investors are not interested in security of which they could purchase the equal in Australia Io yield nearly half a per cent, more. Ford Motor Co. of N.Z., Ltd. The Ford Motor Co. of New Zealand. Ltd., was registered as a private company on January 9, with the registered office in Wellington. The “.Mercantile Gazette” reports that the capital of the new company is £400.600 into -100,000 shares of £1 each. Subscribers:: "Windsor, Ontario. Canada, Ford Motor Co., of Canada. Ltd., 399,996: W. R. Campbell ; Wellington. G. H. Jackson, T. B. Cavanagh G. G Gibbes Watson, one share each. Objects: Manufacturers. assemblers, importers, exporters, and shippers of and agents and merchants for and wholesale and retail dealers in traction engines, road and other rollers, motor wagons, motorlorries, motor-cars, and incidental.

£N.Z. to Estg.100 T.T. 12-1 O.D 124/10/124/8/9 Australia — £A. to £N.Z. 100 .... T.T. 101 O.D. 101 100/10/Fiji— £F. io £N.Z. 100 .... T.T. 90/7/0 O.D. 90/7/6 89 89 New York — Doi. to £1 N.Z. 'J-’.T. 4.01 O.D. 4.02} 3.97} 397; Montreal — Doi. to £1 N.Z. T.T. 401 O.D. 4.02} 3.97', 3.98 Austria— Schillings to £1 N.Z T.T. — O.D. — 20.83 20.85 BelgiumBel. to £1 N.Z- T.T. — O.D. — 23.244 23.259 i 'zecboslovakin — Or. to £1 N.Z. “ O.D. - 95.62 95.07 Denmark — Kr to £1 N.Z. T.T. 18.178 O.D 18.218 17.928 17.938 France— Er. to £1 N.Z. T.T. (10.86 O.D. . 61.16 59.56 59.61 Germany— Mk. to £1 N.Z. T.T. — • O.D. — 9.662 9.667 Holland— Fl. to £1 N.Z. T.T. 5.980 O.D. 6.030 5.730 5.734 Java — Fl. to £1 N.Z. T.T. 5.935 O.D. 5.985 5.710 5.714 Norway— Kr. to £1 N.Z. T.T. 16.169 O.D. 16.209 15.919 15.929 Sweden— Kr. to £1 N.Z. T.T. 15.760 O.D. 15.800 15.510 15.520 Switzerland— Fr. to £1 N.Z. T.T. 12.421 O.D. 12.496 12.021 12.031 Noumea — Fr to £1 N.Z. T.T. 61.81 O.D. 62.21 58.81 58.86 Papeete— Fr. to £1 N.Z. T.T. 61.81 O.D. 62.21 58.81 58.86 Hong-Kong— N.Z. d. to 1 dol. T.T. IS 61414 O.D. IS 53-64 50 29-64 20 27-64 India and Ceylon— N.Z. d. to 1 rup. T.T. 223 O.D. 22} 22 23-32 22 21-32 Japan— N.Z. d. to yen T.T. - OD. - 17 45-64 17 11-16 Shanghai— N.Z. d. to 1 dol. T.T. 1 < 1 <4.4 O.D. 17 9-64 18 37-64 18 9-16 Singapore— N.Z. d. to 1 dol. T.T. 34} O.D. 34} 35 5-16 35}

. U.S.A. Canada (per £1 N.Z.) (per £1 N.Z.) Sellins — T.T. . dols. 3.97s dols. 3.97j O.D. . 3.97 1 3.98 Buying— O.D. . 4.021 4.02s

10 Jan. 17. Jan. 1G Par. N. York, (lol. to £ 4.115 9-10 4.90 1-8 J4.806 Montreal, dol. to £ 4.95 5-8 4.90} 4.S60 Paris, fr. to £ 74 01-04 74 (11-04 124 21 Brussels, bel. to £ 29.315 29.30 48.011 Geneva, tr. to £ 15.11) 15.20 Amst’dani, fl. to £ 7.50 7.2(o 12.107 Berlin, inks, to £ 12.2S5 12.21) 20.43 St’liolni, knr. to £ 19.395 19.395 18.159 C'hagen, knr. to £ 22.395 *’2.3,)»> 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, schgs. to £ 20.25 20.25 34.u8«> Prague, knr. to £ 119.375 119.375 104.25 Hel'fors, inks, to £ 227 220.875 193.23 Madrid, pes. to £ 30 3-10 30 11-04 25 225 Lisbon, esc. to £ 110.125 110.125 111) Milan, lire to £ 01.875 61.S75 92.40 Athens, drach. to £ *519 ♦519 375 Belgrade, din. to £ 217 217 270.31 Bucharest, lei to £ V (JG5 •*i;g7 813.00 Warsaw, zloty to £ — 20.21 43.38 P.io de J., p. to mil. w 1 ■ 4 5.899 B Aires, p. to peso 135 1 •>() 47.02 M. Video, p. to peso 7391 1394 51 Calcutta, p. to rup. 18 5-32 18 5-32 18 Shanghai, p. to dol. 144 141 — II.-Kong, p. to dol. 15'11-10 15} — V’liama, p. to .ven 14 1-1(1 14 1-10 24.582 Batavia, 11. to . £. 7.255 7.255 12.107 +Sellers, official. ♦Sellers. tPar, 8.2,3 31-32 since dollar devaluation >n February 1. 1934