FOREIGN EXCHANGES

Evening Post, Volume CXXV, Issue 69, 23 March 1938, Page 14

FOREIGN EXCHANGES

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: — New Zealand on Buying. Selling. London—£N.Z. to £ stg. ~ 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 9 Australia—£A. to £X.H. 100 T.T. 101 0 0 100 10 0 Fiji—£F. to £N.Z. 100 T.T. !IO 7 6 80 0 0 New York—Dollars to £N.Z. 1 T.T. 4.01711 .1.9830 O.D. 4.027ti X9S7O Montreal—Dollars to £ N.Z. 1 T.T. 4.0341 -1.0016 ,' O.D. 4.0-IGI '1.0056 Belgium—Bolgas to £ N.Z. 1 T.T. 23.001! 23.596 . . O.D. 23.981 23.607 Czechoslovakia—Korunns to £N.Z. 1. ... T.T. — 112.01 O.D. — 112.96 Denmark —Kroner to £ N.Z. 1. .. T.T. 18.203 17.593 O.D. 18.263 17.899 Finland—Marks to £ N.Z. 1. T.T. 184.95 179.15 O.D. 155.5.-) 179.25 France—Francs to £N.Z. 1 T.T. — • 125.5S O.D. — 128.62 , Germany—Reichsmarks to £N.Z. 1 T.T. — 9.868 O.D. — 9.873 Greece —Drachmae to £ N.Z. 1 T.T. — 429.54 O.D. — 429.84 Holland —Florins to £ NZ. 1 T.T. 7.311 7.161 O.D. 7.351 7;165 Italy—Lire to £N,7,. 1. T.T. —' 75.70 O.D. — 75.75 Java—Florins to £N.Z. 1. T.T. 7.287 7.137 O.D. 7.327 7.1-11 Norway—Kroner to £ N.Z. 1 T.T. 16.181 15.891 O.D. 16.241 15.807 Noumea —Francs to ■£ HZ, 1 T.T. — 127.33 -~ . ■ O.D. — 127.37 Papeete—Francs to £ N.Z. 1 T.T. - 127-38 O.I). .— 127.42 Sweden—Kronor to fi ■ ' •"•*•■■»■■•■••■ l-l » -18:855 Switzerland — Francs to , ■«?■■•- * vEMWi?!. -.1*58? Chefoo —N.Z. pence, to 1 . ,„-„,,, d°»« :■••££ = SSfcSt Hong Kong—N.Z. pence ' . .. to 1 dollar ~.. T.T. »%%_.»»s India'and Ceylon—N.Z. M „, ~ pence to 1 rupee T.T. 22 3^ 22 21-32 Japan-N.Z. pence to 1 _ yen ''OD.»- "7-16 "Ki^V^.T.T. 29 21-32 30 5-32 PeS° O.D. 29 9-16 30 5-32 Shanghai—N.Z. pence to ~„„, 1 doto JS- - \lttl *TST™ . PenCT.T° 34 17-32 35 1-64 1 a°"a O.D. 34 7-16 35 1-64 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 approximately 16s Id in London, £1 0s Id in Australia, 16s 4Jd in U.S.A., 16s 5d in Canada, £1 0s B>}d in France, 16s -4Jd in Italy. 9s 8d in Germany, 11s 9j£d in Java, £1 8s 2}d in Japan. VICTORIA NYANZA SUGAK. Victoria Nyanza Sugar Co., Ltd., Melbourne, advises the Stock Exchange Association of New Zealand as follows: —Cane crushed, 106,268.8395 tons; sugar bagged, 9403.6 tons; sugar in process, 129.4 tons. DIVIDENDS DUE. Foster Brewing-, Co.—half-yearly at 13 per cent, per annum Mar, 23 Metropolitan Permanent Buildingfinal at 6 per cent, per annum .. Mar. 23 Howard Smith—interim 3 per cent. Mar. 24 Mauri Bros, and Thompson—lnterim ord. 5 per cent Mar. 25 Dincoln Mills (Aust.)— Interim, pref., 4 per cent. Mar. 28 Sarra iTalla—interim, 5 per cent. .. Mar. 29 Morris Hedstrom—interim pref. at 6 per cent, per annum ... Mar. 31 General Industries—final half-yearly, pref., 3Yn per cent., or 7 per cent, per annum; ord. 7% per cent., making 12% per cent, per annum Mar. 31 Australian Knitting Mills—interim, ord., 3d per share; pref., 3% per cent Mar. 31 British Tobacco—quartorly, ord., at 8 per cent, per annum Mar. 31 Australian Paper Manufacturers—interim half-yearly, pref, at 6 per cent, per annum Mar. 31 "Herald and Weekly Times"—interim half-yearly, pref., 6'A per cent, per annum, ord., 6 per cent. .. Mar. 31 Hume Pipe (Australia), Ltd. —interim at 6 per cent, por annum Mar. 31 Barnett Glass Rubber—interim pref., 4 per cent., ord. 3% per cent. .. Mar. 31 Felt and Textiles—interim half-year, ord., 10 per cent, per annum .. Mar. 31 Cox Bros.—interim at 15 per cent, per annum Mar. 31 Dunlop-Perdriau—interim half-year, cum pref. 5 per cent, ord, 3% per cent Mar. 31 Bond's Hosiery Mills—6 per cent, per annum Mar. 31 N.Z. Guarantee Corporation—interim VM per share April 1 Claude Neon Ltd.—interim V/z per cent April 1 James Stedman-Henderson Sweetsinterim 2nd pref. half-yearly at 10 per cent, per annum April 1 Cash Orders (Amalg.). Ltd.—interim quarterly at 10 per cent, per annum April 1 Nestles and Anglo-Swiss Milkquarterly, pref. at 8 per cent, per \ annum April 1 Bank of Australasia—final at the rate of 8 per cent, per annum April 1 United Building Society, Christchurch —final at 5 per cent, per annum April 1 Myer Emporium—interim ord., 3 per cent. April 2 Pukemiro Collieries—interim 2% per cent April 4 Permewan, Wright, Ltd.—final 5 per cent., making lv per cent, per annum April 5 Lustre Hosiery Ltd.—final halfyearly 4 per cent., making 7 7-8 per' cent, per annum April 6 Howard Smith—anal ord. 3 per cent, at 5 per cent, per annum; quarterly pref.. at 6 per cent, per annum A t>rll 6 Amalgamated Zinc—half-yearly, at 5 per cent, per annum April o Milne and Choyco, Auckland—lntorlm, half-year, pref. at 6 per cent, per annum; B pref., at 7 per cent, per annum and debentures at 5 per cent, per annum April 9 Kcmpthorne I'rosser. N.Z. Drugfinal 4Mj per cent., making 8 per cent, per annum and bonus of 5s per share April 12 Yarra Falls—interim old, Is; now 3d April 14 Woolworths Ltd.—final 9 per cent. April 15 Woolworths (N.Z.)—interim pref. i\i per cent April 15 Associaled Newspapers, Kydnoy— interim ord. and pref. 2 per cent April 28 United Provisions—lnterim, pref., at 8 per cent, ncr annum April 3U Imperial Chemicals Ltd.—final s',<. per cent., making 8y 2 por cent, per annum .•• June l