FOREIGN EXCHANGE

Dominion, Volume 29, Issue 99, 21 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 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. They are subject to alteration without notice.

Position of Sterling By Telegraph.—Press Assn.—L'oii.viigbt London, January 18. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on January

Gold and Silver. London, January 18. Gold.—£7/0/10 per ounce, fine. Silver.—Not quoted. Customs Exchange Rates Ratew of exchange ruling at the announced dates of departure of vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact time of departure is learned on arrival of the vessel in New Zealand. Finally declared rates are marked* Cornwallis, Canada, dollars .... 4.1)8 Cornwallis, America, dollars .... 4.92 Canadian Britisher, Canada, dollars 4.99* Canadian Britisher, America, dollars 4.02* Sydney Main, Hong-Kong, dollars 16}d. Sydney Mani. Japan, y.'n 14d. Northumberland, America, dollars 4.94 Northumberland. Canada, dollars 4.98 Nardana, America, dollars 4.93* Nardana, Canada, dollars 4.99* Wiegand. America, dollars 4.93* Gold Mining Returns Dunedin. January 20. Tile return from Goldfields Dredging was 30oz. 9dwt., and from (.Ikarito 220 z. for 120 hours. Mount Lyell Production Tlie Mount Lyell Mining and Railway Company, Limited, report for the fortnight ended January 8, 1936: — North Mt. Lvell mine: Tons extracted, 2841; 1300 ft. level. No. 3, rise to 75ft. through low grade ore. Crown Lyell mine: Tons extracted. 1606. Royal Tharsis mine: Tons extracted, 2609. West Lyell mine: Tons extracted. 9030. Lyell Comstock mine: Tons extracted. 2250. No. 4 level, No. 2 Mullock Pass drive, IV.E., to 53ft. through filling: No. 5 level. No. 10 stope extension Mullock Pass rise to 57ft. through low grade ore and completed ; No. 7 level, main shaft, to 357 ft. through mineralised quartzitic schist. Reduction works: Furnace in blast, throughout period; 2847 tons refinery anodes made for current year. Concentrator: Mill operated 312 hours and treated 1.8.900 tons, producing 1356 tons copper concentrates. Copper refinery: Tank house in operation throughout period: 513 tons cathode copper produced for the I fortnight. Total for current year 3624 tons.

£N.Z. to 124/10/124/8/9 £stg.l00 T.T'. 121 O.D. 123/10/Australia — £A. to £N.Z. 100/10/100 .... T.T. 101 O.D. 101 Diji£F. to £N.Z. 100 .... T.T. 90/7/0 89 O.D. 90/7/6 89 New York— Doi. to £1 N.Z. T.T. 4.00$ 3.97 > O.D. 4.02} 3.971 Montreal— 3.97$. Doi. to £1 N.Z. T. I'. 4.00} 4.01$ O.D. 3.97s Austria — Schillings to £1 20.92 N.Z T.T. —— O.D. — 20.94 BelgiumBel. to £1 N.Z. T.T. —. 23.24 S O.D. — 23.263 Czechoslovakia — 95.78 Or. to £1 N.Z. T.T. — O.D. — 95.83 Denmark — 17.928 Kr to £1 N.Z. T.T. 18.178 O.D. 18.218 17.938 France — 59.61 Fr. to £1 N.Z. T.T. 60.91 O.D. 61.21 59.66 Germany— Mk. to £1 N.Z. T.T. — 9.666 O.D. — 9.671 Holland— 5.734 Fl. to £1 N.Z. T.T. 5.984 O.D. 6.034 5.738 Java— Fl. to £1 N.Z. T.T. 5.939 5.714 O.D. 5.989 5.718 Norway— 15.919 Kr. to £1 N.Z. T.T. 16.169 O.D. 16.209 15.929 Sweden — 15.510 Kr. to £1 N.Z. T.T. 15.760 O.D. 15.800 15.520 Switzerland— 12.019 Fr. to £1 N.Z. T.T. 12.419 O.D. 12.494 12.029 Noumea — 58.S6 Fr. to £1 N.Z. T.T. 61.S6 O.D. 62.26 58.91 Papeete— 61.86 Fr. to £1 N.Z r T.T. 58.86 O.D. 62.26 58.91 Hong-Kong— N.Z. d. to 1 dol. T.T. 19 20 J O.D. 18$ 20 15-32 India and Ceylon— N.Z. d. to 1 rup. T.T. O.D. § 22 23-32 22 21-32 J N\Z n d. to yen T.T 17 45-64 OD. ——■ 17 11-16 Shanghai— N.Z. d. to 1 dol. T.T. 17 17-64 18 37-64 O.D. 17 9-64 IS 9-16 Singapore— 34$ N.Z. d. to 1 dol. T.T. 35 5-16 O.D. 34} 35}

Selling— T.T. . 0 D • U.S.A. (per £1 N.Z.) dols. 3.96S 3.97'}. Canada (per £1 N.Z.) dols. 3.97 3.97} Buying— O.D. . 4.015 \ 4.01 j

17:— Tan. 18. Jan. 17. Par. N. York. dol. to £ 4.05 3-16 4.95 9-16 *4.866 Montreal, dol. to £ 4.05* 4. It.J a-8 4.866 Paris, fr. to £ 74 61-64 74 61-64 124.21 Brussels, bel. to £ 29.315 29.315 48.611 Geneva, fr. to £ 15.19 15.19 25 225 Amst’dani, 11. to £ 7.277 7.5012.107 Berlin, niks. to £ 12.285 12.2S5 20.43 St'liolm, knr. to £ 19.395 19.395 18.159 Chagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.905 19.905 18.159 Vienna, scligs. to £ 26.25 26.25 ■ 34.58',> Prague, knr. to £ 119.375 119.375 161.25 Hel'fors, inks, to £ 227 227 193.23 Madrid, pes. to £ 3611-6 1 36 3-16 Lisbon, esc. to £ 110.125 110.125 iib Milan, lire to £ 61.875 61.875 92.40 Athens, drach. to £ ♦519 *519 3 < 5 Belgrade, din. to £ 217 217 276.31 Bucharest, lol to £ •667 *665 813.60 Warsaw, zloty to £ — — 43.38 Rio de J„ p. to mil. tn tl) 5.899 B. Aires, p. to peso 135 1'35 47.62 M. Video, p. to peso 4391 1391 51 Calcutta, p. to rup. 18 5-32 IS 5-32 18 Shanghai, p. Io dol. 141 111 — II.-Kong, p. to dol. 15'11-16 1511-16 — Y'hama, p. to yen 14 1-16 J 4 1; 16 24.582 Batavia. 11. to £ 7.255 7.255 12.107 j'Sellers, official. ♦Sellers. tPar. 8.23 31-32 s nee dollar devaluation on February 1, 1931.