INSURANCE ABSORPTION
Phoenix Insurance, Londpn. has purchased the Southern Union General Insurance Company, of Australasia, Ltd. The price paid -was Is per share, or £94,----643. It is. intended to carry on the business of. the Southern Union Co. at the same offices and with the ; sanie ■ staffs as before the amalgamation.
EXCHANGE RATES i Current, rates of exchange New Zealand on London and New Zealand on Australia are published i for general information. s, londonl ':', Buying " Selling Per'£loo; in : ' Per. £100 in London. ' London. £ s. d. £ s. d. — Tele. . transfers. 110 0 0 108 10 0 On demand. 109 7 6 108 8 0 3 days. — 108 0 0 SO days. 109 0 0 107 10 0 60 days. 108 12 G 107 0 0 B0 days- 108 5 0 100 10 0 120 days. . . — AUSTRALIA. Buying per £100, New Zealand—£llß 12s 6d, with right to concede down to £105 for genuine trade transactions. Selling per £100, New Zealand—£lo4 IPs; no concessions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19310317.2.139.18
Bibliographic details
Evening Post, Volume CXI, Issue 64, 17 March 1931, Page 12
Word Count
162INSURANCE ABSORPTION Evening Post, Volume CXI, Issue 64, 17 March 1931, Page 12
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