FOREIGN EXCHANGE

Dominion, Volume 29, Issue 196, 16 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 Ry Telegraph—Press Assn. —Copyright. I.ondon, May 14. The following mean closing rates on foreign exchanges were current to-day compared wilh those ruling on May 13:—

tSollers. official. ’Sellers. tPar, 8.23 31-32 since dollar devaluation on February 1, 1934. Gold and Silver. London, May 14. Gold.— £7/0/3 per ounce, fine. Silver.—Cash. 20 9-16 d. per ounce: forward. 20 5-Sd. Base Metals Market By Telegraph—Press Assn.—Copyright. (Received Ma.v 15, 8.5 p.m.) I.ondon, Ma.v 14. The olllctal London imiddlei quotations lor Thursday, as reported by the Australian Mines and Metals Association, com pare with those previously, cabled as fol low

N.Z. Perpetual Forests, Ltd. By Tidegraph-—Press ..sfocintion. Auckland. May 15. The nef earnings of New Zealand Perpetual Forests. Limited, for the year ended March 31. were £22.104, mi increase of- £4761. The year's dividend is unchanged at 8 per cent. AUCTION DIARY MONDAY. Johnsonville Store mid Dairy Stock Sale. 1 pan. —Mixed stock (Wright, Stephenson). TUESDAY. At tlie Farm, Tnknnlnl (17 miles from Auckland on Main South ltd.), 11.30 n.in. —Annual sale of "0.K.” Jerseys (38 pedigree Jersey In-calf heifers), a/c. Mr. A. E. Watkln (Wright, Stephenson). Levin Sale. 11.31) a.m.—Mixed stock. 11l Customhouse Quay. 2.30 p.m.—Sale of modern bungalow (Island Bay) (S. G. Nathan).

New Zealand Buying. Selling. on London— £N.Z. to 121 124/10/£stg.lOO T.T. 0.1). 123/10/- 121/8/9 Australia— £A to £N.Z. 1(11 100/10/100 . .. T.T. O.D. 101 100/10/Fiji— £F. to £N.Z. 90/7/0 SO 100 ... T.T. O.D. 90/7/0 89 New York— 4.012 3.971 Doi. to £i n.z. t.t. O.D. 4.02J 3.98 Montreal —- •1.021 3.98J -1.031 3.99j Doi. to £1 N.Z. T.T. O.D. Austria — Schillings to £1 N.Z ... T.T. — 20.77 O.D. — 20.79 Belgium— Bel. to £1 N.Z. T.T. — 23.400 O.D. — 23.417 Czechoslovakia — — 95.14 Cr. to £1 N.Z. T.T. O.D. — 95.19 Denmark — 18.203 17.893 Kr. to £1 N.Z. T.T. O.D. 1S.263 17.903 France — — 00.09 Fr. to £1 N.Z. T.T. O.D. — 00.13 Germany— Mk. to £1 N.Z. T.T. — 9.817 O.D. — 9.822 Holland— Fl. to £1 N.Z. T.T. — 5.839 O.D. 5.843 Java — Fl. to £1 N.Z. T.T. — 5.809 O.D. — 5.813 Norway— Kr. to £1 N.Z. T.T. 16.1 S3 15.893 O.D. 16.243 15.903 S wed e n—• Kr. to £1 N.Z. T.T. 15.7S2 15.487 O.D. 15.842 15.497 Switzerland— Fr. to £1 N.Z. T.T. — 12.190 O.D. — 12.195 Noumea —• Fr. to £1. N.Z. T.T. — 58.72 O.D. — 58.78 Papeete— Fr. to £1 N.Z. T.T. — 58 87 O.D. — 5S93 Hong-Kong— N.Z. d. to 1 dollar . T.T. 18 13-16 20 5-10 O.D. 18 23-32 20 9-32 India ami Ceylon— N.Z. d. to 1 rupee . . T.T. 22 9-64 22 57-64 O.D. 22 3-64 221 Japan— N.Z. d. to 1 ven .... T.T. — 17 41-64 O.D. — 17§ Shanghai— N.Z. d. to 1 dollar . . T.T. 17 3-16 18 9-16 O.D. 17 18 35-64 Singapore— N.Z. d. to 1 dollar ... T.T. 34 27-64 35 31-64 O.D. 34 15-64 35 15-32 T.T. represents tel ■'graphic transfers. O.D. represents on demand transactions. The above rates are lion without notice. subject to alternThe Associated Ban es (other than the Bank of New South Wales) epioted the following dollar rates yesterday on n New Zealand curreucj basis. 'They are subject to alteration \ ithout notice. r. <A. Canada (peril N.Z.) (per £1 N.Z.) Selling— tlols. dols. T.T 3.9 72 3.98S O.D S.OSi 3.991 Buying— O.D 4.( 21 4.031

May 34. May 13. Par. X. York. dol. Io £ 4.96 1-1 (J 1.110 7-8 11.800 Montreal, dol. to <£ 4.9 < 5 4.975 4.800 Paris. 1'r. to £ 75 9-414 75 19-61 124.21 Brussels, liel. to £ 211.3115 29.315 ‘ 48.611 Geneva, fr. to £ 15.29 !•).«>, >o "’5 ,o 5 Amst’dani. 11. Io £ 7.33 < .•»•) 12.107 Berlin, mks. to .£ 12.305 12.35 20.43 Sl’bolin, knr. to £ 111. 395 19.395 18.15!) C’hagen, kur. to £ 22.395 22.395 18.13!) Oslo, knr. to £ 19.905 19.905 18.1511 Vienna, schgs. to £ 20.50 26.50 .34.5.8.5 Prague, knr. to £ 119.375 119.875 104.25 Il el’tors. inks, to £ 227 227 193.23 Madrid, pes. to £ 30 9-32 36 11-32 Lisbon, esc. to £ 110.125 110.125 110 Milan, lire to £ 03 •’.» 03 5-10 92.40 Athens, draeh. to £ *520 520 .ii.i Belgrade, din. to £ 219 21!) 276.31 Bucharest, lei to .£ *073 *673 813.60 Rio de J., p. to mil tj} 5.S9!) B Aires, p. to peso 47.62 M. Video, p. to peso t.-ill .->-10 Y* *9 4 51. Calcutta. p. Io nip. IS 1-8 18 1-8 18 Shanghai, p. to dol. 14 7-10 14 7-10 — II.-Kong. p. to dol 151.3-10 15 13-16 ■ — Y’hama p to yen 11 1-32 14 1-32 24.5S2 Batavia, fl. to £ 7.315 7.305 12.107

May 13. Per ton M Pi ay 14. ur ton Copper e s. 11 V S d Standard, spot ... ta; n im .">6 n u Ditto forward ... 3G 16 10} 1 > i 0 U Electrolytic ... 40 15 0 40 15 I) 10 41 o o 11 5 n Wire bars ... 41 0 0 41 5 0 LeadSpot ... 15 2 0 15 8 9 Forward ... Ill 3 0 15 11 3 spelter— Spot ... ii 7 n 11 10 0 Forward ... 1-1 11 3 11 15 0 1 in — Spot ...204 0 0 201 15 0 Forward ... 107 IS <) IBS ]'* (J s i 1 vo r - Standard. per o: z *_?() 7-1 (Id 20 ! 1'ine . ... 22 1-1 (id — - • }-l(i<i.