STOCK EXCHANGES

New Zealand Herald, Volume LXX, Issue 21463, 10 April 1933, Page 5

STOCK EXCHANGES

SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on the last annual dividend, from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand the exchange rates have not been taken into consideration. Thn return on 4 per cent Government loans includes redemption. -In the case of '6\ per cent loans, the return is for interest alone and covers only the period for which the loans are tax-free. No return is given on local body securities in the meantime: — AUCKLAND EXCHANGE Return'on Sale Price Investment £sd £ s d Akld. City, 1957, 5} 99 0 0 Com. Bank Aus. (pf.) 8-8 6 il4 11 Bank N.Z 2 M 10 * Farmers' Fcrt, . . 016 4 6 2 5 The following sale also took place:— Cornish Point, 2d. WELLINGTON EXCHANGE Nat. Bank N.Z. ..380 * Bank N.S.W. (2) .. 29 0 0 312 5 Bank N.Z 2 4 8 Union Bank . . ...776 214 3 Staples' Brewery . . 12 9 4 711 The following sale also took place;— Golden Point, 2d. CHRISTCHURCH EXCHANGE Goldsbrough-Mort. .. l 2 JO + Mosgiel Woollen . . 8 7 6 415 6 Colonial Sugar .. 54 15 0 411 4 Mount Lyell . . . . 018 10 213 I Ditto (4) . . . . 018 11 212 10 The following sales also took place:— Inscribed Stock, 1938, 4i per cent "assented," £9B 10s; New Zealand Farmers' Co-op.. 1940. 4} per cent, £l2: Freshfcrd, Is 6d. DUNEDIN EXCHANGE Goldsbroush-Mort ..129 + The following sales also took place:—Okarito, 9s sd, 9b 6d. ♦lnterim dividend reduced; tlnterim dividend passed. GERMAN BONDS FIRMER POLICY OF REICHSBANK (Received April 9, 5.5 p.m.) LONDON, April 8 There was a sharp recovery in Germon bonds on the London Stock Exchange to-day as the result of the statement submitted .to the annual meeting of the Reibhsbank by the president, Dr. Schacht. He discounted. rumours that Germany intends to abandon the gold standard. Dr. Schacht added that the Reichsbank was pursuing the single aim of the stability of the mark. CONVERSION OPERATION BRITISH APPLICATIONS • British Wireless RUGBY, April 7 Further tenders for a maximum of £45,000,000 per cent conversion loan and Treasury bills were received today. Applicants for conversion loan at £94 3s received 85 per cent of their requirements. The amount allotted was £8,220,000. NORTH CANTERBURY FLOUR AN UNCHANGED DIVIDEND At the annual meeting of the North Canterbury Co-operative Flourmilling Exporting and Agency Company, Limited, it was announced that profits amounting to £2355 were available for distribution. A dividend unchanged at 7>\ per cent was approved by shareholders. GUARANTEE CORPORATION INTERIM DIVIDEND PASSED The directors of the New Zealand Guarantee Corporation, Limited, have' decided to defer consideration of the interim dividend on ordinary shares, for the half-year ended February 28, until the end of the financial year. The usual interim dividend at the rate of 7 per cent per annum will be paid on preference shares, which will be subject to the compulsory reduction of 20 per cent. Last year the interim dividend on ordinary shares was 2d a share on the 8s paid shares and 5d a share on the fully paid, the final dividends being at the same rate, making a total distribution of 4d and lOd respectively. FOREIGN EXCHANGES STEADINESS OF STERLING British Wireless RUGBY, April 7 The following rates on foreign exchanges are current, compared with the. cabled quotations on April 6 and

CUSTOMS ' EXCHANGE RATES Rates of exchange ruling at the announced date of departure of the vessels named are shown in the following table. They are subject to confirmation by the Customs Department when the exact timo of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Wirrnl, America, dollars .. .. 3.44J Niagara, Canada, dollars . . , , 4.11} Golden Eagle, America, dollars . ■ 3.4Q4 Brisbane Maru, Japan, yen <.. 15 1.83 d I Wnikawn, America, dollars .. 3.425 NEW ZEALAND MONEY ABROAD The cost in New Zealand currency of tho pound sterling and of the principal foreign units, on the latest quotations, is as follows:

These valuations represent the current rates at which banks sell drafts payable on demand.

par: — April 7 April 6 Pnr j Montreal, clol. .. 4.13 4.14 4.806 1 New York, dol. . 3.41* 3.411 4.8130 Paris, fr. 8G 15-16 86 31-32 124.21 Brussels, belga . 24.505 24.505 35.00 Geneva, fr. 17.R95 17.70 25.22 Amsterdam, fl. .. 8.475 8.48 12.10 Milan, lire 66.75 661 l 92.46 Berlin, r.m. 14.(55 14.435 20.43 Stockholm, kr. .. 18.90 18 29-32 18.159 Copenhagen, kr. . 22 7-16 —. 18.159 Oslo, kr. 19.50 19.50 ' 18.159 Vienna, ach. 82.50* 32.501 34.585 Prague, kr. 114.75 1141 104.25 Helsingfors, mark 226.50 227 129.23 Madrid, pes. 403 401 25.221 Lisbon, eecit. 110 110 110 Athens, dr. (105 605 375.00 Bucharest, lei. .. 575 570 813.6 KiodeJnneiro.mil. B|t Bit 5.899d Buenos Aires, dol. 41 41 47.619d Montevideo, dol. 331 331 51d Bombay, rupee i 18 1-lGd 18 l-16d 18d Shanghai, tnel .. — 20 J d Hongkong, clol. . 15|d 15|d Yokohama, yen . 15d 24.58d Batavia, fl. 8~48 12.10 Belgrade, din. .. 252.50 252.505 276.31 tNorninal.

Present Price Par s d B d London, pound . . .. 24 11.58 20 0.00 Australia, pound . ... 20 0.00 20 0.00 New York, dollar . .» 7 6.55 4 1.31 Montreal, dollar , . ,. 6 2.36 4 1.31 Paris, franc .. 0 3.45 0 1.98 Berlin, mark .. 1 8.46 0 11.74 Copenhagen, krone .. 1 1.36 1 1.22 Yokohama, yen . . .. 1 6.73 2 0.58