THE FRENCH FRANC.

Evening Post, Volume CXVIII, Issue 151, 24 December 1934, Page 10

THE FRENCH FRANC.

fßy Telegraph.—Press Assn.—Copyright.) LONDON. December 22. Sterling exchange on Pans, 74% francs to £1. .

FOREIGN EXCHANGE RATES

Closing tight rates, us quoted by the Bank of New South Wales, Wellington, for buying and telling foreign currencies, based on N?w Zealand currency, were as follows:— December !2.. On On demand. ' demandt To £1 N.JJ. Currency.' Buying. Selling. France—Francs to £1 ... 61.08 59 53 Noumea—lhsancs to £1 .. 62.1.1 58 78 Papeete—Franca to £1 .. 62 13 58 78 . Belgium.—Bella* to £1 .. 17.436 16 651 Germany—B>arka to £1. — 9 688 Italy—Lire to £,l — 43 77 Switzerland—Francs to £1 12 *H2 12 977 HolUtut—Florlßl to £1 .. 6 048 5 752 Java—Florins \o £1 ....<. 6.005 5.731 Japan T.X.—K.Z. pence ta 1 yen ....* — i— Shanghai—N.& .pence to 1 (foliar %...' '. .. 195-8 ZV India and '.Ceylon—N.Z. pence <o 1 rupee ...... Z2 5-32 S2 9-16 Hong Kong—N.Z. pence to 1 dollar 2127-32 2531-32 Singapore—N,Z. pence to 1 dollar 315-18 35 5-16 The'above rate* are for on demand transaction!, excepting the Japaneie yen. The £1 ii £1 in New Zealand currency. The rate* ar« luoject to alteration without notice. Based on the 'above ratea of exchange the value of £1 New Zealand currency in other countries ii a* follows:—

QUEENSLAND INSURANCE ISSUE.

Unanimous approval wiis^ given by shareholders at an extraordinary meeting of the Queensland Insurance Company, Ltd., held in Sydney on December 18, to proposals-submitted by the directors for the increase^ of the company's capital from £500,000't0 £750,000, to be effected by a bonus issue of shares to shareholders in the proportion of one new sh'are'for [every two'lido". i

; Dec. 21 J)ec. zi. £1 N,Z. £ a. d. £ a. d London,, ........:.<. 0 1«,1 ..., . 0 18.1 Australia 10 1 10 1 U.8.A 0 1« l'A 0 1« 1% Canada 0 19 0 0 IS 0 France ' 0 9 6«i 0 '» 6»4 Italy 0 9 10«4 0 9 10H Germany m..-...'... 0 » 5«4 0 9 5% Java 0-9 5% 0 9 5»i Japan 1 7 10 1 7 10