FOREIGN EXCHANGE

Dominion, Volume 29, Issue 227, 22 June 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 e. change, on Saturday:

Singapore — N.Z. d. to 1 dollar ... T.T. 34 7-16 354 O.D. 34} 35 31-64 T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration without notice.

The Associated Uanks (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.

Position of Sterling

London, June 19

The following mean closing rateg on foreign exchanges were current to-day compared with those ruling on June 18:—

Gold and Silver. London, June 19. Gold—£6/18/6 per ounce, line. Silver.—Cash, 19 7-lfld. per ounce; forward, 19Jd. London, June 20. Gold. —£6/18/9 per ounce, fine. Sterling exchange, London on New York, 5.01 15-11) dollars, on Paris 76 3-10 francs, on Batavia 7.375 florins.

N.Z. Pound Abroad

Based on the figures quoted by tlie Bank of New South Wales the New Z.ca land pound comparer! with its original par value, is equivalent to approximately: 16/1 in London £l/0/1 in Australia. 16/6} in U.S.A. 16/7 in Canada. 0/10 in France. ’.l/9 in Germany, 0/8J in Java. ’.’l/7/10} in Japan.

Mahakipawa Goldfields, Ltd.

A special meeting of shareholders of .Mahakipawa Goldfields, Ltd., has been culled in Christchurch for Monday, June 29. when the following resolution will be submitted to the meeting:—"That the company lie wound up voluntarily and that Mr. Frank Nicholls, of Christchurch, public accountant, be and is hereby appointed liquidator for the purposes of winding tip.”

London Sheepskin Sales

The Bank of New Zealand, produce department, has received the following advice from its London office under date June 19: The sheepskin sale set down for July 9 has been cancelled. The next sale will be held on September 3.

New Zealand Buying. Selling. on London — £N.Z. to £ st <r 100 T.T 124 124/10/- ” O.D. 123/10/124/8/9 Australia — £A to £N.Z. 100 ... T.T. 101 100/10/O.D. 101 100/10/Fiji— £F. to £N.Z. 89 100 ... T.T. 00/7/6 O.D. 00/7/6 89 New 7ork — 4.029 4.02} Doi. to £1 N.Z. T.T. 4.06 O.D. 4.07} Montreal — 4.039 Doi. to £1 N.Z. T.T. 4.07J O.D. 4.083 4.04} Austria — Schillings to £1 N Z ... T.T. — 21.08 O.D. — 21.10 Belgium— 23.727 23.73S Bel. to £1 N.Z. T.T. O.D. — Czechoslovakia— Cr. to £1 N.Z. T.T. O.D. — 96.75 96.80 Denmark — 17.893 Kr. to £1 N.Z. T.T. 18.203 O.D. 18.263 17.903 France — 60.96 61.00 Fr. to £1 N.Z. T.T. — O.D. — Germany— Mk. to £1 N.Z. T.T. - O.D. — 9.954 9.959 Holland — 5.912 5.916 Fl. to £1 N.Z. T.T. — O.D. — Java — m Fl. to £1 N.Z. T.T. — O.D. — 5.890 5.894 Norway— t _ „ _ Kr. to £1 N.Z. T.T. 10.183 15.893 OiD. 16.243 15.903 Sweden — Kr. to £1 N.Z. T.T. l.>.78.> 15.490 O.D. 15.S45 15.500 Switzerland — 12.327 Fr. to £1 N.Z. T.T. — O.D. — 12.332 Noumea — Fr. to £1 N.Z. T.T. — 59.59 O.D. — 59.65 Papeete — Fr. to £1 N.Z. T.T. — 59.74 O.D. — 59.80 Hong-Kong— N.Z. d. to 1 ddllar ... T.T IS 7-19 19 15-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 22 57-64 rupee .. T.T. 22 9-64 O.D. 22 8-64 22} Japan— N.Z. d. to 1 17 21-32 yen .... T.T. —, O.D. — 17 41-64 Shanghai— N.Z. d. to 1 IS 31-64 dollar ... T.T. 17 7-64 O.D. 16 59-64 18 15-32

U.S.A. Canada Selling— dels. dols. (peril N.Z.) (perilN.Z.) T.T. . ..... 4.02ft 4.03g O.D , 4.02ft 4.04ft Buying— O.D. . 4.07J 4.08ft

N. York. dol. to £ June 19. June 18. Par. 74.860 5.02 1-8 5.03 Montreal, dol. to £ 5.0} 5.04 4,866 I'arls, fr. to £ 70 25-04 70 25-04 124.21 Brussels, bel. to £ 29.71 29.74 48.611 15.48 10 25.225 Anist’dam, fl. to £ 7.42 7.44 12.107 Berlin,’ inks, to £ 12.405 12.50 20.43 St'holm, knr. to £ 19.395 19.395 18.159 C’bagen, knr. to £ 22.395 22.395 18.159 Oslo, knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.75 26.75 34.585 Pragune, knr. to £ 121.50 121.50 164.25 Hel’fors. nika. to £ 227 . 193.23 Madrid, pes. to £ 30 25-32 36.875 25.225 Lisbon esc to £ 110.123 110.125 110 Milan, lire to £ 04 04 92.46 Athens, drach. to £ *530 •530 375 Belgrade, din. to £ 222 222 270.31 Bucharest, lei to £ •080 •679 813.60 Rio de J., p. to mil 744 til 5.899 B. Aires, p. to peso 735 735 47.02 M. Video, p. to peso 7381 738} 51 Calcutta, p. to rup 18 1-8 18 1-8 18 Shanghai, p. to dol. 14 13-32 14 13-32 — H.-Kong. p to dol 15 7-16 15 7-16 — Y’hama. p. to ven 14 5-04 14 5 'll _ •, •' _ Batavia, fl. to £ 7.405 7.405 12.107 Warsaw, zloty to £ —■ 26.75 43.38 tSellers; official •Sellers tPar. R.23 31-32 si nee duller 'ieval nation on February 1, 1934.