FOREIGN EXCHANGE

Dominion, Volume 29, Issue 207, 29 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 ex change yesterday:—

T.T. represents telegraphic transft rs. O.D. represents on demand transactions. The above rales are subject to alteration without notice.

The Associated Batiks (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. —Copyright. London, Mny 27. The following moan closing rales on foreign exchanges were current 10-day compared with those ruling on May 26:—

(■Sellers, official. ’Sellers. tl’ar, 8.23 31-32 since dollar devaluation

Oil luuiuuij J. Jtnn. Gohl and Silver. London. May 27. Gold.— £6/19/7* per nunw. fine. Silver.—Cash, 19jd. per ounce: forward. 19 13-1 fid.

FARMERS’ TRADING CO.. LTD. Net Profit Higher by 50 Per Cent. Dominion Special Service. Auckland, May 28. An increase of about 50 per cent, in the net earnings and a further expansion in file gross profit are features of the necottins of file ['armors’ Trading Co.. Ltd., for the year ended Marell 31. Net profits are £(>l,-458. against £41,277 earned in the previous year, and gross earnings are £-18.2-10 higher at £202.508, The not profit figure is the highest since 1920. The ordinary dividend for the year is the same nf 5 per cent, [’reference dividends of 7 per cent., low the statutory deduction of 20 per conf., are also payable. The company has announced the consolidation of its shares into denominations of £1 with bonus benefits Io holders. Base Metals Market By Telegraph —Press Assn.—Copyright (Received May 28. 7.50 p.m.) London, May 27 'l'lio ofileinl London tiniildlel quotations for Wednesday, as reported by tile Australian Minos and Metals Association, coni pare with those previously cabled n< fol

New Zealand Buying. Selling. nn London — £N.Z. to £stg.l00 T.T. 121 124/10/O.D. 123/10/121/8/9 Aust ralia — £A to £N.Z. 100 ... T.T. 101 100/10/. O.D. 101 100/10/Fiji — £F. to£N.Z. 89 100 ... T.T. 90/7/6 O.D. 90/7/G 89 New York — 3.99’ Doi. to £1 N.Z. T.T. 1.03 O.D. 4.0-11 3.99,4 Montreal — 4.00! Doi. i„ £1 N.Z. T.’l'. 4.03? O.D. 4.05 4.00? AustriaSchillings to £1 20.93 N Z ... T.T. —— O.D. — 20.95 Belgium— Bel. to £1 N.Z. T.T. — 23.536 O.D. —— 23.547 Czechoslovakia — Cr. to £1 N.Z. T.T. —. 95.70 O.I >. ■— 95.75 Denmark — 17.S93 Kr. to £1 N.Z. T.T. 18.203 O.D. 1S.2G3 17.903 France — Fr. to £1 N.Z. T.T. O.D. — 60.53 60.57 Germany— 9.87-1 Mk.' to £1 N.Z. T.T. — O.D. — 9.879 Holland — 5.876 Fl. to £1 N.Z. T.T. — o.r>. — 3.880 Java — 5.S33 Fl to £1 N.Z. T.T. —— O.D. —— 5.837 Norway— 15.893 Kr. to £1 N.Z. T.’l'. 16.1 S3 O.D. 1G.243 15.303 Sweden — 15.4S7 Kr. to £1 N.Z. T.T. 15.782 O.D. 15.842 15.497 Switzerland — Fr. to £1 N.Z. T.T. — 12.292 O.D. — 12.297 Noumea — Fr. to £1 N.Z. T.T. — 59.16 O.D. Papeete— Fr. to £1 N.Z. T.T. — 59.22 —-— 59.31 O.D. 59.37 Hon g-Kong— N.Z. d. to 1 dollar .. T.T. 1S? 20J O.D. IS 17-32 20 3-32 India and Ceylon— N.Z. <1. to 1 rupee .. T.T. 22 9-64 : 22 57-64 O.D. 22 3-64 22 J Japan— N.Z. d. to 1 yen .... T.T. —. 17 45-64 O.D. — 17 11-16 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

U.S.A. (peril N.Z.) Cnnnda (peril N.Z.) Selling— dels. tlnls. T.T. . 3.995 4.00 O.D. . 3.99J 4.00| Buying— O.D. . 4.042 4.04 J

Alar 27. Mar 23. Par. N. York, dol. to £ 4.IIS} 4.98 (4.866 Montreal, dol. to £ 4.99 1-S 4.(IS 7-8 4.Slid Paris, £r. to £ 75 43-31 75 41-61 124.21 Brussels, hoi. to £ 29.475 29.4G 4S.311 (Ionova, fr. to £ 15 425 15.41} °5 • >, *5 Am st’dam. fl. to £ 7.375 7.37} 12.107 Berlin, inks, to £ 12.3S 12.37 20.43 St'liolm, knr. to £ 19.395 19.395 18.159 (.”li a gen. knr. to £ 22.395 22.395 IS. 159 Oslo. knr. to £ 19.9(1 19.90 1S.159 Vienna, sehgs. to £ 2G.50 2G.50 34.5S5 Prague, knr. Io £ 1211.375 1211.125 131.25 Hel’fors. mks. to £ 2°7 193.23 Madrid, pes. to £ 33 17-32 33.5(1 25 22.) Lisbon, esc. to £ IIP. 125 110.125 110 Milan, lire to £ (53.3 75 33.375 92.4G .Alliens, draeh. In £ •52S *528 Belgrade. din. to £ • 1 1 1 1 219 Bneliarost, lei to £ *371 ‘371 S13.I10 Kin de .L, p. to mil Hi Hl 5.S9II B Aires, p. to peso ti>5 435 4 7 • G2 M. A’iden, p. lo peso ■f.39 1 S ■1391-8 •)1 C.nleutfa. p. to rup. is 1-s 18 1 -S IS Shanghai, p. to dol. 14 7-1G 14 13-32 —— IT.-Kong, p. Io dol. 15 9-13 15 9-13 Y'liama, p. tn yen 14 3-32 14 3-32 24 582 Batavia, fl. to £ 7.335 7.335 12.107

low Mnj • 2G (on May 27 Per ton i v.ppcr- £ a 1 A d Standard. spot ... 3G IS 3G 13 H Ditto. forward ... .17 3 1j 3G IS 0 Electrolytic ... 11 o 0 10 15 0 Io fl •-> G 41 5 G Wire bars ... 41 2 I I 41 5 0 Lend — Spot 15 11 3 forward l.» 12 6 Spelter— Spot ... 11 1 11 s j| forward ,.. . 1113 11 12 1 inSpot ,2<H Ki 0 201 5 (> forward . . . . IM 17 G 1'JG 7 G Silver— Standard, per i fine )z. . 2nd. ... 211'J-lGd. lllyd. 21 o-IGd.