FOREIGN EXCHANGE.

Manawatu Standard, Volume LV, Issue 246, 14 September 1935, Page 5

FOREIGN EXCHANGE.

ON NEW ZEALAND CURRENCY BASIS. This Bank of New South Wales, Wellington, quoted the following rates for their purchases and Bales of foreign exchange yesterday:

C±CI~OC CO l-OC T.T. represents telegraphic transiers. O.D. represents on demand, transactions. The above rates are subject to alteration without notice. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice.

An indication of the present keen demand for draught horses was given at a clearance sale at Alfriston tins week when a 20-ycar-old mare realised £3O 10s. At the same sale a nine-vear-old mare sojd for £55. ,

New Zealand on London — £N.Z. to Iluying. Selling. £stg.lOG T.T. 124 124/10/0 Australia — £A. to £N.Z. O.D. 123/10/0 124/8/9 100 T.T. 101 100/10/0 Fiji— £F. to £N.Z. O.D. 101 100/10/0 100 T.T. 90/7/6 89 New York — Dollars to O.D. 90/7/6 89 £N.Z.l T.T. 3.99j 3.952 Montreal— Dollars to O.D. 4.00;» 3.96 £N.Z.l ..... T.T. 4.C0I 3-971 France — O.D. 4.021 3.971 Francs to £1 N.Z T.T. 60.86 59.56 O.D. 61.16 59.61 Uong-Kong— N.Z. pence to 1 dollar T.T. 29 23-32 30 25-32 Japan— N.Z. pence O.D. 2919-32 30 23-32 to 1 yen . . T.T. - 17 13-16 Shanghai— N.Z. pence O.D. - 17 51-64 to 1 dollar . T.T. 2131-32 23 9-32 O.D. 2127-32 23 7-32

U.S.A. Canada (per £1 (per £1 N.Z.) N.Z.) Selling— rH = T.T 3.95J 3.97g O.D 3.96 3.97| Buyinir—, O.D 4.001 4.02J