A GOOD YEAR

Evening Post, Volume CXXIV, Issue 135, 4 December 1937, Page 12

A GOOD YEAR

TATTERSFIELD, LTD.

The profit of £18,146 earned by Tattersfield, Ltd., carpet and bedding manufacturers, in its past trading year was a record, according to a statement by the chairman, Mr. J. W. Tattersfield, at the annual meeting. Mr. Tattersfield sounded a note of warning, because none of the directors felt that the profit should be taken as a criterion of the future earnings of the company: Shareholders must all be aware that the directors were faced with most difficult problems. The outlook was obscure, with the possibility that it would be hard work to maintain turnover. He was confident, however, that the company would maintain its turnover in proportion to the general trading conditions of New Zealand. Depreciation of plant had been as generous as usual. They were now beginning to reap the benefit of years of moderate dividends and sound depreciations. He thanked his co-directors and the secretary, Mr; C. C. Ewen, for their work during his absence in England for part of the year. The report and' balance-shest were adopted. The retiring directors, Messrs. L. W. Tattersfield and J. N. Tattersfield, were re-elected.

Closing direct rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies' based on New Zealand currency were as follows:— «• " Buying. Selling. ' New Zealand on £ s. d. £ s. d. London-fiN-Z to £*£ m fl o fl O.D. 123 10 0 124 8 9 Australia—£ A. to £N.Z. 100 .... T.T. and O.D. 101 0 0 100 10 0 PUi_e». t^eN.^100 go r 6 g9 o 0 KeW z Tork-Donars_tO T £ w| O.D. 4.0458 4.0053 Montreal—Dollars to £ XZ 1 T.T. 4.0330 4.0005 O.D. 4.0450 40045 Austria—Schillings to £ XZ, 1 T.T. — 20.90 , . O.D.' — * 20.91. Belgium—Belgas to £ N Z 1 T.T. 23.800 23.490 O.D. 23.875 23.501. Czechoslovakia — Crowns to £N.Z. 1 T.T. — 113.25 O.D. — 113.31 Denmark—Kroner to £ N.2. 1 T.T. 18.203 17.S93 O.D. 18.263 17.899 France—Francs to £N.Z. 1 T.T. — 117.12 O.D. — 117.16 Germany—Reichmarks to ': £N.Z. 1 T.T. — 9.88 O.D. — 9.893 Holland—Florins to £ XZ. 1 T.T. 7.322' 7.172 O.D. 7.362 7.176 Italy—Lire to £N.Z. 1. T.T. — 76.08 O.D. — 76.13 Jaya—Florins to £N.Z. 1. T.T. 7.291 7.141 O.D. 7.331 7.145 Norway—Kroner to £ N.Z. 1 T.T. 16.182 15.892 O.D. 16.242 15.898 Sweden—Kronor to £ * N.Z. 1 T.T. 15.793 15.498 O.D. 15.853 15.504 Switzerland — Francs to £N.Z. 1. , T.T. 17.535 17.265 O.D. 17.640 17.270 Noumea —Francs to £ JC.Z. 1 T.T. .— . 115.87 O.D. — 115.91 Papeete-;—Francs to £ N.Z. 1 T.T. — 115.92 O.D. — 115.96 Hong Kong—N.Z. pence to 1 dollai> T.T. 18 29-64 18 53-64 O.D. 18 27-64 18 53-64 India and Ceylon—N.Z. pence to 1 rupee . T.T. 22% 22 21-32 O.D. 22 11-32 ,22 21-32 Japan—N.Z. pence to 1 yen ...: T.T. — 17 33-64 O.D. — 17 33-64 Shanghai—N.Z. pence to 1 dollar T.T. — IS 11-64 , . O.D. — 1811-64 Singapore—N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 13-64 Chefoo—N.Z. pence to 1 dollar T.T. — 18^ O.D. 34% 35 13-64 Manila—X.Z. pence to.l peso T.T. 29 9-16 30 1-16 O.D. 29 15-32 30 1-16 The £1 is £1 in -New Zealand currency. The rates are subject to alteration without notice. 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 I approximately 16s Id in London, £1 Os Id in Australia, 16s 5d in U.S.A., 16s 5d in Canada, 18s lOJd in France 16s 5d in Italy. 9s 8Jd in Germany, 11s 9Jd in Java, £1 8s Id in Japan. j