MOTOR TRADE

Evening Post, Volume CXXV, Issue 143, 20 June 1938, Page 12

MOTOR TRADE

THE IMPORT ASPECT

Value of imports of motor vehicles, petrol lubricants, tyres, and accessories and including motor-cycles, for four months ended April last, were as follows:—

4 mos., 4 mos., 1937. 1938. £> £> Vehicles 1,764,271 2,283,776 Motor-cycles .... 52,132 42,600 Rubber tyres .... 238,046 232,342 Mineral lubricants 118,272 130,047 Motor spirit .... 556,197 730,815 Crude petroleum . 140,657 200,287 £2,869,575 £3,619,867

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:—■ Buying. Selling. £ s. d. £ a. d. London—£N.Z. to £ stg. 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 0 Australia—£A. to £N.Z. 100. ... T.T. and O.D. 101 0 0 100 10 0 FIJI— £F. to £N.Z. 100. T.T. and O.D. 80 7 6 89 0 0 New York —Dola. to £ N.Z. 1 T.T. 4.0195 3.9550 O.D. 4.0295 3.9890 Montreal—Dols. to £ N.Z, 1 T.T. 4.0525 4.0201 O.D. 4.0645 4.0241 BeMum—Belgas to £ N.Z. 1 T.T. 23.689 23.379 O.D. 23.764 23.390 Czechoslovakia —Korunas to £N.Z. 1. .... T.T. — 113.71 O.D. — 113.76 Denmark —Kroner to £ N.Z. 1 T.T. 18.203 17.893 O.D. 18.263 17.899 Finland—Marks to £ N.Z. 1 T.T. 185.49 179.69 O.D. 185.89 179.79 France —Francs to £ N.Z. 1 T.T. — 141.56 O.D. — 141.60 ' Germany—Relchsmarks to S.N.Z. 1 T.T. — 9.815 O.D. — 9.820 Greece —Drachmae to £ NZ. 1 T.T. — 429.54 O.D. — 429.84 Holland —Florins to £ N.Z. 1 T.T. 7.302 T.laS O.D. 7.342 7.156 Italy—Lire to £N.Z. 1. T.T. — 75.72 O.D. — 75.77 Java —Florins to £N.Z. 1 T.T. 7.279 7.129 O.D. 7.319 7.133 Norway—Kroner to £ NZ. 1 T.T. 16.182 15.892 O.D. 16.242 15.898 Noumea —Francs to £ N.Z. 1 T.T. — 140.31 O.D. — 140.35 Papeete—Francs to £ X z 1 T.T. — 140.36 O.D. — 140.40 Sweden —Kronor to £ N.Z. 1 T.T. 15.785 15.490 O.D. 15.845 15.496 Switzerland —Francs to £N.Z. 1 T.T. 17.573 17.303 O.D. 17.678 17.308 Chefoo—N.Z. pence to 1 dollar T.T. .— 12Vi O.D. — 12 15-64 Hong Kong—N.Z. pence to 1 dollar. .. T.T. 18 3-8 18% O.D. 1811-32 18% India and Ceylon—N.Z. pence to 1 rupee. T.T. 21 10-16 22 7-32 O.D. 21 29-32 22 7-32 Japan—N.Z. pence to 1 yen T.T. 17 33-64 ' O.D. — 17 33-64 Manila—N.Z. pence to 1 rieso T.T. 29 11-16 30 3-16 O.D. 29 19-32 30 3-16 Shanghai—N.Z. pence to 1 dollar T.T. — 11 10-32 O.D. — 11 10-32 Singapore—N.Z. pence to 1 dollar T.T. 34 19-64 34 25-32 O.D. 34 13-64 31 25-32

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 in U.S.A., 16s 6id in Canada, £1 2s 9Jd in France, 16s 44d in Italy, 9s 7id in Germany, lis 9id in Java, £1 8s Id in Japan.

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates today, on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canadian. Dollars. Dollars. (Per £1 Per £1 N.Z.) N.Z.) Selling— T.T 3.98 9-16 4.02 On demand .. 3.98 15-16 4.02 7-16 Buying— j On demand .. 4.02 7-8 4.06 7-16 RAW MATERIALS. (By Telegraph—Press Assn.—Copyright.) LONDON. June 18. Friday's closing prices for the following raw materials were as follows, those for June 10 being shown in parentheses:— Cotton.—-Liverpool quotation, good American middling, spot, 4.69 d a lb (not quoted); July delivery, 4.50 d a lb (not quoted). Rubber.—Para, Gd a lb (5 7-8 d); plantation smoked ribbed sheet, 5 31-32 d a lb (6d). Jute.—June-July shipment, Indian jute, Dundee quotation, £16 8s lid a ton (£l6 12s 6d). Copra.—June-July shipment, sundried South Sea, to London or Rotterdam, £9 12s 6d a ton (£9 15s); smoked, to Marseilles or Genoa, £9 12s 6d a ton (£9 15s); plantation, Rabaul to London or Rotterdam, £10 7s 6d a ton (£lO 10s). Linseed 0i1.—£24 15s a ton (£24 10s). Turpentine.—3ls a cwt (same). SILVER MARKET. (British Official Wireless.) RUGBY, June 17. Price of Silver.—Spot, 183 d per oz; forward, 18 7-16 d. BRITISH WAR LOAN. (British Official Wireless I RUGBY, June 17. The British War Loan, 3i per cent., is quoted at £101 15s,