FOREIGN EXCHANGE

Dominion, Volume 29, Issue 228, 23 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 exchange yesterday:—

O.D. 3-1} 35 31-64 T.T. represents telegraphic transfers. O.D. represents on demand tions.The above rates are subject to alteration without notice.

Tlie Associated Banks (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

London, June 20. The following mean closing rates on foreign exchanges were current to-day compared with those ruling on June 19:—

JPar, 823 31-32 since dollar devaluation on February 1, 1934.

Gold and Silver. London, June 20. Gold.—£6/18/0 per ounce, fine. ■ Silver.—Cash, 19 11-16 d. per ounce; forward, 19Jd.

N.Z. Pound Abroad

Based on the figures quoted 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 16/64 in U.S.A.

16/6} in Canada. 9/9J in France. 9/84 in Germany.

9/84 -in Java. £l/7/104 in Japan/

AUCTION DIARY

TO-MORROW. .Masterton Sales. 10.30 a.m.—750 Sheep. 311 Ridgway St., Wanganui, 11 a.in.—Property at Ratana (Farmers’ Co-op. Distrib. Co.). ' Liggins Rd.. Tokomaru, 11.30 a.m.-Un-reserved Clearing Sale, a/c Messrs. Schaw. Bros. (Abraham and Williams). At Mangahoa. I’ahlatua, 12 noon—Unreserved Clearing Sale. Dairy Stock, etc., a/c Mr. R. J. Gregory (Loan and Merc, and Abraham and Williams). At tlie Fafin. Lindsay Rd., Levin, 12 noon—(Unreserved Clearing Sale, a/c Mr. W A. Kennett (Loan and Mercantile). 7 Mount St.. 12.30 p.m.—Contents of Apartment House (E. Johnston and Co.). Johnsonville Fat Stock Sale, 1 p.m.—Mixed Stock (Wright, Stephenson). 71 Tanhinu Road, Miramar, 1.30 p.m.—Furniture and Furnishings (Silverstone and Co.). Town Hall, Featherston, 2 p.m.—Auction of Opossum Blocks (Conservator of Forests). Bank of N.Z. Buildings, Lambton Quay, 2.30 p.m.—Freehold Property (G. G. Tolhurst). 155 Lambton Quay, 2.30 p.m.—ls Modern Bungalows (Dupbar Sloane). THURSDAY. Stortford Lodge Saleyards, Hastings, 10.30 a.m.—lmportant Dispersal Sale “Ben Lomond” Aberdeen Angus Pedigree Cattle (241 head) (Loan and Mercantile and II B. Farmers). 8 Willeston St., 12.30 p.m.—Old- HandPainted China (E. Johnston and Co.). Fitzherbert West, 12.30 p.m.—Unreserved Clearing Sale, a/c Mrs. F. Young (Dalgety and Co.). 41-43 Panama St., 2.30 p.m.—B-roomed Residence (343 Wellington Terrace) (Harcourt and Co.),

New Zealand on London — Buying. Selling. £N.Z. to fstg.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. 100 ... T.T. 90/7/6 89 O.D. 90/7/6 . 89 New York— 4.02} Doi. to £1 N.Z. T.T. 4.Ou} O.D. 4.07 4.02B Montreal — Doi. to £1 N.Z ;. T.T. 4.064 4.03} 0 D. 4.08} 4.03} Austria — Schillings to £1 20.97 N.Z. ... T.T. — O.D. 20.99 Belgium— Bel. to £1 N.Z. T.T. — 23.715 O.D. — ’ 23.726 Czechoslovakia— 96.34 Cr. to £1 N.Z. T.T. — O.D. — 96.39 Denmark— 17.893 Kr. to £1 N.Z. T.T. 18.203 O.D. 18.263 17.903 France— 60.91 Fr. to £1 N.Z. T.T. — O.D. — 60.95 Germany— 9.922 Mk. to £1 N.Z. T.T. — O.D. — 9.927 Holland — 5.901 Fl. to £1 N.Z. T.T. — O.D. — 5.905 Java— 5.866 Fl. to £1 N.Z. T.T. — O.D. — 5.870 Norway— Kr. to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kr. to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland— Fr. to £1 N.Z. T.T. — 12.307 O.D. — 12.312 Noumea— Fr. to £1 N.Z. T.T. — 59.54 O.D. — 59.60 Papeete— 59.69 Fr. to £1 N.Z. T.T. — O.D. — 59.75 Hong-Kong— N.Z. d. to 1 dollar T.T 18 7-16 19 15-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. d. to 1 rupee T.T. 22 9-64 22 57-64 O.D. 22 3-64 22} Japan— N.Z. d. to 1 yen .... T.T. — 17 21-32 O.D. — 17 41-64 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 7-16 354

U.S.A. Canada Selling— dels. dols. (peril N.Z.) (peril N.Z.) T.T. . 4.02J 4.03 O.D. . ..... 4.02J 4.03j Buying— O.D. . 4.07 4.08

June 20. June 19. Par. X. York, flol. to £ 5.0115-10 5.02 1-8 t4.86G Montreal, dol. to £ 5 035 5.03} 4.86(5 Paris, fr. to £ 70 11-0-1 70 25-64 124.21 Brussels, bel. to £ 20.00 29.71 48.611 Geneva, fr. to £ l.».44.j 15.48 25.225 Amst’dam, fl. to £ 7.41 7.42 12.107 Berlin, inks, to £ 12.45 12.465 20.43 St'bolin. knr. to £ 19.305 111.395 18.150 C’hagen, knr to £ 22.303 22.305 18.159 Oslo, knr. to £ 19.90 19.00 18.159 Vienna, schgs. to £ 20.75 26.75 34.585 Prague, knr. to £ 121.25 121.50 164.25 Hel'fors. inks, io £ 227 193.23 Madrid, pes. to £ 30 51-04 36 25-32 25.225 Lisbon esc to £ 110.12o 110.125 110 Milan, lire to £ 0315-10 64 92.46 Athens, draeh. to £ *530 *530 375 Belgrade, din. to £ 276.31 Bucharest, lei to £ *077 *680 813.60 Kio <le J , p. to mil <■41 5.899 B. Aires, p. to peso 435 435 47.62 M. Video, p. to peso 438 7-8 438} 51 Calcutta, p. to rup 18 1-8 18 1-8 18 Shanghai, p. to dol 14 7-16 14 13-32 — H.-Kong. p to dol 15 7-10 15'7-16 Y’hama. p. to ven 14 5-04 14 5-04 24.582 Batavia, fl. to £ 7.375 7.405 12.107 tSellers, official •Sellers