COMMERCIAL

Evening Star, Issue 21824, 13 September 1934, Page 12

COMMERCIAL

FOREIGN EXCHANGE ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for their purchases and sales of foreign exchange to-day:— France— . „ Francs to £1 Buying. Selling. N.Z. T.T. 60.94 59.64 O.D. 61.24 59.69 Noumea — Francs to £1 N.Z T.T. 61.89 58.89 O.D, ■ 62.29 58.94 Papeete— Francs to £1 N.Z T.T. 61.89 58.89 O.D. 62,29 58.94 Belgium— Belgas to £1 N.Z T.T. 17.304 16.604 O.D, 17.404 16.619 Germany— Eeichmarks to £1 N.Z. ... T.T. O.D, Italy—tire to £1 N.Z. O.D, —r 45.69 Switzerland — Francs to £1 N.Z T.T. 12.397 11.997 O.D, 12.472 12.007 Holland— Florins •to £1 NZ, ....... T.T. 6.000 5.750 O.D. 6.050 5.754 Java — Florins to £1 NZ T.T. 5.951 5.726 m O.D, 6.001 5.730 Japan— N.Z. pence to 1 yen T.T. Shanghai— N.Z. pence to 1 dollar .... ... T.T, 20| 21 11-16 O.D. 20i 21| India and Ceylon— N.Z. pence to 1 rupee T.T. 22 5-16 22 21-32 O.D. 22 3-16 22 19-32 Hongkong— N.Z. pence to 1 dollar ... ... T.T. 22 29-32 25 31-32 O.D. 22 25-32 23 29-32 Singapore— . N. pence to 1 dollar T.T. 34 13-32 35 11-32 O.D. 34 9-32 35 9-32 T.T. represents telegraphic transfers. O. represents on deman transactions. The above rates are subject to alteration without notice. NOKOMAI GOLD. The secretary of thp Nokomai Gold Mining Company Ltd. reports the completion of the partially excavated paddock. The return from the area which is situated at the foot of the hill on the east side of the claim, is 185 oz 16dwts 12grs. More than half of the paddock had a high rock bottom carrying very little gold. It is now proposed to move the elevator from the high bar and open up a new paddock on more payable ground. SYDNEY STOCK EXCHANGE. SYDNEY, September 13. (Received September 13, at 2.10 p.m.) Bonds; 4 per cent., 1938, £lO5 3s 9d; 1961, £llO 10s. Shares: National Bank (£5 paid), £6 11s; Toohey’s, 29s 6d; Tooth’s, 46s 9d: Anthony Hordern, 15s; Associated News (pref.), 245: Australian Glass, 545; Broken Hill Proprietary, 50s; Dunlop Perdriau, 20s 4d; Goldsbrough, Mori, 30s 7£d; Morris, Hedstrom, 16s 3d. SALES ON ’CHANGE.—THIS DAY'. Christchurch.—Commercial Bank of Australia, 17s 8d (2), 17s 9d; National Bank of Australasia (£lO paid), £l2 18s; Bank of New Zealand, 48s; N.Z. Refrigerating (£1 paid) 19s 6d; British Tobacco (cum div.), 38s 6d (2); Brian Boru, Is 4d; Goldfields Dredging, Is; Mining House Concessions, 4§d; Mount Lyell, 20s 3d (3). Reported: Quill Morris (in liquidation), 3s 3d; and Bank of New Zealand, 48s. Wellington.—Government 4 fler cent. Stock (1940), £108; British Tobacco,, 38s sd, 38s ,6d; Colonial Sugar, £66 15s; New Zealand Refrigerating (£1 paid), 19s 6d; Mount Lyell, £1 0s 3d; Big River, Is. Auckland.—Sales on ’Change; Farmers’ Trading, 6s 4d; A.P.A., 10s 4d; Kaiapoi, 12s lOd (con.); Brick, 10s 9d: National Timber, 13s 6d; Commercial Bank, 17s 8d and 17s 9d; Farmers’ Fertiliser, 20s; National Insurance, 20s 3d; Woolworth’s (Sydney, second pref.), 275; Cement, 30s 3d; Broken Hill, 49s lOd; National Bank, 74s 6d; E.S. and A. Bank, £5 8s: Wellington Woollen (pref.), £5 lOs; Reserve Bank, £6 9s 3dq Harbour Board, 5J per cent,, £lO6 10s; Stock, 1955, £lll 7s 6d.