FOREIGN EXCHANGE

Dominion, Volume 29, Issue 197, 18 May 1936, Page 12

FOREIGN EXCHANGE

On New Zealand Currency Basis DIRECT DOLLAR RATES Tlie Bank of New South Wales, Wellington, limited the following rates for their purchases and sales of foreign exchange on Saturday:—

Position of Sterling By Telegraph—Press Assn.—Copyright. London, May 15. The following mean closing rates on foreign exchanges were current to-ila.v compared with those ruling on May 14:—

TScHers. official ’Sellers tPar, 5.23 31-32 since dollar devaluation on February 1. 1934. Gold and Silver. London, May 15. Gold—7/0/2 per ounce, fine. Silver—Cash. 29 7-Sd. per ounce; forward. 29 7-Sd. London, May 16. Gold—£7/0/3 per on nee, fine. Sterling exchange. London, on New York 4.965 dollars, on Paris 75 3-8 francs, on Batavia 7.315 florins N.Z. Pound Abroad Bused on ilif figures tjuofed by the Bank of New South Wales the New Zealand pound, compared with its original par value, is equivalent to approximately: 16/1 in London. £l/0/1 in Australia. 16/4} in U.S.A. lli/5 in Canada. 9/SJ in France. 9/71 in Germany. 9/7 in .lava. £l/7/104 in Japan. Gold Mining Returns The .Moonlight Goldfields Co., Ltd.. reports' that the wash-up from the lower face on May 13 was 430 z. Kldwt. for 112 hours' fhtieing. By Telegraph—Press A-sociatton Greymouth, May 10. The Maori Gully dredge return was 5S oz. 12dwt. for 120 hours’ working. 'l’he Mossy Creek return was 91oz. 1!) dwt. from'Bo3o yards in 129 hours. The Argo dredge returned 660 z. from 13.1.70 yards in 127 hours. Apples in Good Demand By Telegraph—Press Assn.—Copyright. (Received May 17, 0.30 p.m.) London, May 10. Apples' are in good demand, with the market stronger. New Zealand ; Jonathans, 8/- to 10/- a case: Delicious. 8/0 to 10/3; Dunns. 8/- to 10/-. Australian : Jonathans - . 7/0 to 0/3 a case; Dunns, 8/|o 0/0. Pears are in good demand: New Zealand : Nelis, !)/- to 10/0 a case; Coles', 0/0 to 0/9. Australian: Nelis, 9/6 to !&/- ». ej>#e; Colao, 8/- to Jft/&

New Zealand on Buying. Selling. London —■ £N.Z. to istg.100 T.T. 124 124/10/O.D. 123/10/- 121/8/9 Australia — £A to £N.Z. 100 ... T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z 100 . . . T.T. 90/7/6 St) O.D. 90/7/6 89 New York — Dot. to £1 N.Z. T.T. 4.015 3.971 0.1). 4.02; 3.98j Montreal — l)o| to £1 N.Z. T.T. 4.02? 3.991 O.D. 4.04 3.99? Austria — Schillings to £1 N.Z. ... T.T. — 20.72 O.D. 20.74 Belgium— Bel to £1 XZ. T.T. — 23.414 O.D. — 23.425 Czechoslovakia — Or. to £1 N.Z. T.T. — 95.06 O.D. — 95.11 Denmark— Kr. to £1 N.Z. T.T. 1S.203 17.S93 O.D. 18.263 17.903 France —- Fr to £1 N.Z. T.T. — 60.17 O.D. — 60.21 Germany— Mk. to £1 N.Z. 'I’.'!’. - p S21 O.D. — 9.826 Holland —■ Fl. to £1 N.Z. T.T. — 5.S45 O.D. 5.S 19 Java — Fl. to £1 N.Z. T.T. — 5.S01 O.D. — 5.S05 Nor wav — Kr. to £1 N.Z. T.T. 16.1 S3 15.S93 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.7S2 15.4S7 O.D. 15.842 15.497 Switzerl a nd— Fr. to £1 N.Z. T.T. — 12.206 O.D. — 12.211 Noumea—• Fr. to £1 N.Z. 'I’.T. — 5S.S0 O.D. — 5S.S6 Papeete— Fr. to £1 N.Z. 'I’.T. — 5S.95 O.D. — 59.01 Hong-Kong— N.Z. <1. to 1 dollar . T.T. IS 1.3-16 26 5-16 O.D. 1.S 23-32 20 9-32 India and Cevlon — N.Z. d. to 1 rupee . . 'I’.T. 22 9-64 22 57-64 O.D. 22 3-64 22 J Japan— N.Z. d. to 1 ven .... T.T. — 17 21-32 O.D. — 17 41-64 Shanghai— N.Z. d. to 1 dollar .. T.T. 17 5-32 IS 17-32 O.D. 16 31-32 IS 33-64 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 telegraphic transfers. O.D. represents on demand transactions. The above rates art subject to altcralion without notice. The Associated Ban s (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. U.S.A. Canada (per£l N.Z.) (per £1 N.Z.) Selling—- dols. dols. T.T 3.98 3.9!) O.D 3.9S} 3.99} Buying—O.D 4.021 4.03*

May 15. May 14 Par. N. York. (lol. to £ 4.99 3-8 4.91; 1-16+4. son Montreal, dol. to £ 4.975 4.975 4.869 Paris, fr. to 4* 75 17-64 75 9-61 124.21 Brussels, bel. to £ 29.32 29.305 4S.G11 Geneva, fr. to £ 15.32 15.29 A in st'dam. fl. to 7.335 7.33 12.107 Berlin, inks, to £ 12.315 12.305 211.43 Si’holm, knr. to .£ 19.395 19.395 18.159 C’hagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to 19.9(15 19.905 18.159 Vienna, schgs. io I 1 26.50 26.50 34 Prague, knr. to 119.50 119.175 164.25 Hel*fors, inks, to < ‘ 007 _ — 4 193.23 Madrid, pcs. to 5_ 311 5-19 36 9-32 °5 oo*: Lisbon, esc. to £ 110.125 110.125 lid” Milan, lire to £ 93.25 63.25 92.46 Athens, Orach. to 4 ' *5211 5’ , 6 .14 ,j Belgrade, din. to 21S 2111 279.31 Bucharest, lei to £ ♦972 •973 81.3.60 Kin dp J., p. to mil ■Hl til 5.899 I! Aires, p. to peso 7 ' > 1 4 7.62 M Video, p. to peso ■i:in 3 st 39 5-11) 51 Calcutta. p. Io rnp. IS l-S IS 1-8 IS Shanghai, p. In ilol. 14* 14 7-16 —— II.-Kong, p. Io dol. .15) 15 13-19 — Y'hama p to yen Batavia. 11. to £ 111-32 14 1-32 24.5S2 7.205 7.315 12’107