FOREIGN EXCHANGE

Dominion, Volume 29, Issue 255, 24 July 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:—

The 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. U.S.A, Canada

Position of Sterling By Telegraph—Press Assn,—Copyright. London, July 22. The following mean closing' rates on foreign exchanges were current to-day compared with those ruling on July 21: —

Jl’ar, 823 31-32 since dollar devaluation on February 1. 1934 Gold and Silver. London, July 22. Gold.—£9/18/1(1 per ounce, fine. Silver.—Cash, 19 5-Bd. per ounce; forward, 19 5-Bd. 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 9/9} in France. 9/9 in Germany. 9/7} in Java. £l/7/11} in Japan. Central Shotover Gold By Telegraph—Press Association, Dunedin, July 23. A tribute party working the Centra! Shotover claim under lease reports a return of 112 oz. of gold for four weeks. Last month's wash-up was 140 oz. Dominion Builders’ Supplies The annual report of the directors of Dominion Builders’ Supplies Ltd., Christchurch, states that the net profit for the year was £7OO/15/11, whith was not sufficient for payment of a dividend. The directors recommend that it should be carried to appropriation account, and that £440/12/5 be transferred to reserve for doubtful debts, bringing that reserve up to £2OOO, and leaving a net balance carried forward in the appropriation account of £1337/3/10. Mount Lyell Production The Mount Lyell Mining and Railway Co., Ltd. (Tasmania), reports the following production for the quarter ended June 30, with figures for the previous quarter ended March 31 in parentheses: Ore treated by mill, 167,334 (163.517) Ions; concentrates produced, 12,411 (11,956 tons; total ofc smelted, 13,933 (12,352) tons, containing 3043 (2731) tons of copper, 23,842 (22,051) ounces of silver, and 1647 (1562) ounces of gold. •

New Zealand on Buying. Selling. London — £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 00/7/6 89 New Turk— Doi. to £1 N.Z. T.T. 4.06} 4.028 O.D. 4.074 4.034 Montreal — Doi. to £1 N.Z. T.T. 4.061 4.024 O.D. 4.07 S 4.034 Austria — Schillings to £1 N.Z. ... T.T. 20.1)7 O.D. — 20.99 BelgiumBel. to £1 N.Z. T.T. — 23.760 O.D. — 23.771 Czechoslovakia — Cr. to £1 N.Z. T.T. 96.26 O.D. — 96.31 Denmark— Kr. to £1 N.Z. T.T. 18.203 17.S93 O.D. 18.263 17.903 France — Fr. to £1 N.Z. T.T. 60.69 O.D. — 60.73' Germany— Mk. to £1 N.Z. T.T. 9.942 O.D. —— 9.947 Holland—' Fl. to £1 N.Z. T.T. — 5.881 O.D. — 5.885 Java— Fl. to £1 N.Z. T.T. 5.841 O.D. — 5.845 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. 12.240 O.D. — 12.245 Noumea— Fr. to £1 N.Z. T.T. 59.32 O.D. 59.38 Papeete— Fr. to £1 N.Z. T.T. 59.47 O.D. — 59.53 Hong-Kong— N.Z. d. to 1 dollar .. T.T. 18.23-64 19 55-64 O.D. 18 17-64 19 53-64 India and Cevlon— N.Z. d. to 1 rupee .. T.T. 22 9-64 22 57-64 O.D. 22 3-64 224 Japan— N.Z. d. to 1 yen .... T.T. 17 19-32 O.D. —- 17 37-64 Shanghai— N.Z. <1. to 1 dollar ... T.T. 17 7-64 18 31-64 O.D. 16 59-64 18 15-32 Singapore— N.Z. d. to 1 dollar ... T.T. 34' 27-64 35 31-64 O.D. 34 15-64 35 15-32

Selling— dels. dols. T.T. (perflN.Z.) (perflN.Z.) 4.02&' 4.02J O.D. . 4.03| 4.031 Buying— O.D. . 4.074 4.074

July 22. July 21. Par. X, York. dol. to £ 5.02 5-18 5.02 13-18 il.StH) Montreal, dol. to £ 5.02 5-8 5.03 4.866 Paris, fr. to £ 75 57-61 I 75 57-64 124.21 Brussels, bel. to £ 211.75 29.75 48.611 Geneva, fr. to £ 15.365 15.36 •>*i 99*» Anist'dam, fl. to £ 7.38} 7.38} 12.107 Berlin, inks, to £ 12.47 12.465 20.43 St’holm, Irnr. to £ 19.335 19.395 18.159 C’liagen, I;nr. to £ 22.395 22.395 18.159 Oslo. knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ 26.75 2(».75 34..183 Prague, It nr. to £ 121 121.125 164.25 Uel'tors. inks, to £ 907 193.23 Madrid, pes. to £ 36 21-32 I 36.75 •>7i Lisbon' esc to £ 119.125 110.125 110 Milan, lire to £ 63.625 113.625 92.46 Athens, drach. to £ ♦528 •528 375 Bucharest, lei to £ ‘675 •675 813.00 Belgrade, din. to £ 219 211) 276.31 Rio de .1., p. to mil. Mi Ml 5.899 B. Aires, p. to peso 435 47.62 M. Video, p. to peso |39 439 51 Calcutta, p. to nip. IS 1-8 18 1-8 18 Shanghai, p. to dol. 14 3-8 14 3-8 — 11.-Kong, p. to dol. 15 13-32 15 7-16 — Y’hama, p. to yen 141-64 14 1-64 24.582 Batavia, fl. to £ 7.345 7.355 12.107 ‘Sellers, official •Sellers