FOREIGN EXCHANGE

Dominion, Volume 29, Issue 195, 15 May 1936, Page 14

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 : —

Position of Sterling By Telegraph—Press Assn.—Copyright. London, May 13. The following mean eluding rates m foreign exchanges were current to-day compared with those ruling on May 12:—

tSellers. official. •Sellers. {Par, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, May 13. Gold.—£7/0/01 per ounce, line. Silver.—Cash, 20 7-10 d. per ounce; forward, 20jd. Argo Gold Dredge Dividend The Argo Gold Dredging Co., Ltd., han declared a dividend (No. 2) of one penny per share on all shares. The dividend will be payable on Saturday, May 23. 'This dividend represents a distribution of £2OOO to the shareholders and the sum of £2OO has been placed to general reserve. Transfer books will close from May 20 to 23, both days inclusive. London Money Market By Telegraph—Press Assn.—Copyright. London. May 13. Discount and short-loan interest rates are: Day-to-day loans. 3-8 per cent.; line trade bills, three months. 2 to 2J per cent.; bank bills, three months, 9-16 per cent.; bank bills, six months. 5-8 per cent.: Treasury bills, two months, 1 per cent.; Treasury bills, three months, 4 per cent. New York, May 13. Call money is quoted at 1 per cent. AUCTION DIARY TO-DAY, 8 AVllleston St.. 10.30 a.m.—Oak. Riinu and Kauri Tables (E. Johnston and Co.). Carterton Sate. 11.30 a.111.--.Mixed Stock. At the farm (handy to Railway Station). Te-lloro, noon—Unreserved Clearing Sale of Dairy Stock and Implements, n/c Mr. E. It, Gnwler (Loan and Mercantile). 18-24 Moleswortb St.. 1 p.m.— Mahogany and Walnut Furniture (McKenna's). ‘'entrnl Cafe. Carterton, 1.30 p.m.—Dining Chairs Tables, Linoleum, etc (.1. Kerslake). 98 Manners St., 1.30 p.m.—Furniture. Carpets, etc. (Itninsey Wilson Ltd.). MONDAY. Johnsonville Store and Dairy stock Sale. 1 p.m.—Mixed Stock (Wright Stephenson).

New Zealand Buying. Selling. on London— £N.Z. to fstg.lOO T.T. 1”4 124/10/0.1J. 123/10/124/8/9 Australia —- £A to fN.Z. '100/10/100 .. . T.'l’. 101 O.D. 101 100/10/Fiji— £F. tofN.Z. 89 100 ... T.T. 90/7/6 o.n. 90/7/6 89 New York — 3.98 Doi to fl N.Z. T.T 4.01* 0.0 4.03£ 3.9.81 Montreal — 3.981 Lol. to £1 N.Z. T.T 4.02J O.D 4.031 3.99* Aust ria— Schillings to £1 x’ v T T 20.17 y./j. • • • 1 • 1 ■ O.D. — 20.79 Belgium— 23.414 Bel. to £1 N.Z. T.T. —— O.D. — 23.425 Czechoslovakia — Cr. to £1 N.Z. T.T. —— 95.14 O.D. —. 95.19 Denmark— 17.S93 Kr. to £1 N.Z. T.T 18.203 O.D . 18.263 17.903 France — Fr. to £1 N.Z. T.T. — 60.21 O.D. — 60.25 Germany— 9.830 Mk. to £1 N.Z. T.T. — O.D. — 9.835 Holland — Fl. to £1 N.Z. T.T. 5.855 O.D. — 5.859 Java — Fl. to £1 N.Z. T.T. — 5.833 O.D. •— 5.837 Norway— Kr. to £1 N.Z. T.'l . 16.183 15.893 O.D. 16.243 15.903 Sweden — Kr. to £1 N.Z. T.'l . 15.782 15.487 O.D. 15.S42 15.497 Switzerland — Fr. to £1 N.Z. T.T. • —— 12.226 O.D. — 12.231 Noumea — Fr. to £1 N.Z. T.T. — 58.84 O.D. — 58.90 Papeete— Fr. to fl N.Z. 'I’.'r. — 58.99 0.0. —. 59.05 Hong-Kong— N.Z. d. to 1 dollar . T.T. 18 13-16 20 5-16 O.D. 18 23-32 20 9-32 India and Ceylon— N.Z. <1. to 1 rupee .. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22 J Ja pa n — N.Z. d. to 1 ven .... T.T. .— 17 41-64 O.D. — 17f ■ Shanghai— N.Z. d. to 1 17 7-32 \ dollar .. T.T. 18 19-32 - O.D. 17 1-32 18 37-64 Singapore— N.Z. d. to 1 dollar . .. T.T. 34 27-64 35 31-64 O.D. 34 15-64 35 15-32 'J’.T. represents telegraphic transfers. O.D. represents on demant transactions. The above rates arc subject to alteration without notice. The Associated Banks tot het 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. r .S.A. Canada (per £1 N.Z.) (per £1 N.Z.) Selling— dols. dols. T.'l’ 3 3.984 O.D 3 98| 3.99* Buying— O.D 4.03 4.031

Wav 13. .May 12 Par. N. York. (lol. to £ 4.96 7-8 4.97 11-10 +4.866 Montreal, dol to £ 4.975 4.97 7-S 4.8(16 Paris, fr. to £ 75 19-64 7.7 31 -64 124.21 Brussels, bol. to £ 29.315 29.14 48.611 Genova, fr. to £ 15.335 15.39 25.225 Anist’dam. fl. to £ 7.35 7.365 12.107 Berlin, inks, to £ 12.33 12.335 20.43 St'holm, knr. to £ 19.395 19.395 IS.159 C’hagen, knr. to £ 22.395 22.395 IS. 159 Oslo, knr to £ 19.905 19.905 18.159 Vienna, scligs. to £ 20.50 26.50 34.585 Prague. knr. to £ 119.S75 119.S75 . T3P25 IleTfors. inks, to £ 227 • >•>7 193.23 n t o* i — Lisbon, ese. to £ 110.125 110.125 110 Milan, lire to £ 63 5-16 63.375 92.46 Athens. clrnch. to £ •526 * i*>5 375 Belgrade, din. to £ 219 ’ 218 276.31 Bucharest, lei to £ •673 ‘673 SI 3.60 Rio de J., p. to mil +41 ttl 5.899 Fl Aires, p. to peso 435 435 47.62 M. Video, p. to peso t3fti 1391 51 Calcutta, p. to run IS 1-8 18 1-8 IS Shanghai, p. to dol. 14 7-16 14 7-16 — Ft.-Kong, p. to dol. 15 13-16 15 13-16 — Y’hamn p. to yen 14 1-32 14 1-32 24.582 Bataria, fl. to £ 7.305 7.305 12.107