DANISH RECIPROCITY

New Zealand Herald, Volume LXX, Issue 21521, 19 June 1933, Page 5

DANISH RECIPROCITY

BRITISH PARCHMENT* PAPER LESSON FOR NEW ZEALAND A recent cablegram from London stated that British manufacturers of parchment paper had protested against dumping by Germany on the New Zealand market. In the latest survey of the butter market Joseph Nathan and Company, Limited, states:—"A striking example of reciprocity has occurred in the new trade agreement between Great Britain and Denmark. The Danes have agreed that all butter sent to England will bo wrapped in British-made parchment paper. This is a contrast to the action of some Now Zealand factories, who have purchased foreign, including some German paper, in spite of tho fact that Germany recently imposed on New Zealand casein a duty of £SO per ton. The Danes have always been alive to the fact that Great Britain is their best market, aiill havo always been willing to co-operate. Surely it is up to New Zealand to do likewise." FOREIGN EXCHANGES STERLING AND THE DOLLAR British Wireless RUGBY. June 1C The following rates on foreign exchanges are current, compared with tho cabled quotations on June 15 and par:—

NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted by the New Zealand banks, are as under, compared with previous quotations: — U.S. Dollars to £1 June 8 June 9 June 12 June 16 June 19 Buying 4.16 4.22 4.21 4.16 4.17 Selling 3.96 4.02 4.01 3.96 3.97 Canadian Dollars to £1 Buving 4.60 4.64 4.64 4.64 4.68 Selling 4.40 4.44 4.44 4.44 4.54 The cost in New Zealand currency of the pound sterling and of the principal foreign units, on the latest quotations, is as follows: Present Piice Par *d r d London, pound .. .. 24 11.58 20 0.00 Australia, pound . . . 20 0.00 20 0.00 New York, dollar. .. 6 "3.49 4 1.31 Montreal, dollar . . .. 5 6-90 4 1.31 Paris, frano .. .. 0 3.48 0 1.93 Berlin, mark .. .. 1 9.00 0 11.74 Copenhagen, krone .. 1 1-36 1 1.22 Yokohama, yen .. .. 1 6.81 » 2 0.5S These valuations represent the current rates at which banks sell drafts payable on demand. CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of tho vessels named are shown in the following table. They are subject to confirmation by the Customs Department when tho exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Canadian Challenger, Canada, dollars 4.41 Golden Cloud, Los Angeles, dollars . . 4.00 Canadian Constructor, Canada, dollars 4.51 COMPANY AFFAIRS SOUTHERN REGISTRATIONS The following companies have been Registered in Southern centres: — PUBLIC Dominion Canning Company, Limited, canners and preservers, Wellington. Capital, £SOOO in £1 shares. Subscribers: W. A. Tate, 300 shares; F. Dennes, D. P. Loasby, F. C. Bunnv, It. W. Tate, 100 shares each; J. W. Barnard and J. Kiernan, 50 shares each, all of Grevtown. PRIVATE Manson (G. and J.l, Limited, Dunedin, lawnmower specialists, ironworkers, etc. Capital, £2500 in £1 shares. Subscribers: G. Manson and J. Manson, 1250 shares each. Gisborne Finance Company, Limited, moneylending and finance corporation business. Capital, £2OOO in £1 shares. Subscribers: A. Owen, 1999 shares; A. F. Owen, 1 share. New Zealand Slippers, Limited, Wellington, manufacturers of felt- slippers. Capital, £9OOO in £1 shares. Subscribers: Felt and Textiles of Australia, Limited, Sydney, 8000 shares; R. W. Shreeve, Wellington, 1000 shares. INCREASE OF CAPITAL K. D. V. Boxes, Limited, Auckland. Capital increased to £OO,OOO by creation of 40,000 shares of £1 each. CHANGE OF NAME Duthie, Bridson and Company, Limited, name changed to John Duthie and Company (Auckland), Linfited. STOCK SALES VALUES AT WAIHOU The Farmers' Co-operative Auctioneering Company. Limited, reports having held a sale at Waihou on Friday, when a good yarding of sheep came forward, prices for fat lambs reflecting the recent hbc at Frankton A good yarding of fat cattle showed a finning tendency. A small yarding of yearling heifers met with a good demand. A medium yarding of dairy cattle sold on a par with late quotations. A small yarding of both fat and store pigs came forward and sold at late rates. Prices were:—Fat wethers. 14s to 16a; light fat ewes. 9s 7d; prime heavy fat lamhs, 16s 3d (o 18s; medium. 14s to 14s 10d; lighter. 12s lOd to 13s; forward conditioned storo lambs, 10s 3d to 10s Cd: sound-mouth ewes, 14s Od; aged ewes, 8s; fat heifers, £2 2s to £3 9s; heavy fat cows. £3 10s lo £4; medium, £2 to £2 12s Cd; heavy storo cows, £1 Gs lo i'l 14s; boners. 10s lo £1 2s; two-year empty heifers, £1 7s 6d to £1 18s; two-year heifers, £1 6s to £2 10s; yearling Jersey heifers, good, £2 Is to £2 2s; poorer quality. £1 f>s to £1 15s; young Jersey and Jersey-cross cows, July calvers, £5 to £6 ss; older, £4 to £4 15s; other Jersey and Jersey-cross cows, calvers. £2 10s to £3 15s; Shorthorn cows, £2 5s lo £3 10s; Jersey and Jerseyheifers, £3 7s fid to £4 ss; baconers, 39s lo £2 ss; lighter baconers. 34s to £1 18s; heavy porkers, 2(!s to £1 9s; medium, 21s to £1 ss; light, 17s to £l. NGARUAWAHIA PRICES The New Zealand Loan and Mercantile Agency Company. Limited. Hamilton, reports 011 its Ngaruawshin. stock sale held on Friday aB follows:—A small entry of fat and store cattle sold at late rates. The h*rd on account of Mr. W. Leslie changed hands at satisfactory prices, considering that it was of only average quality. Good fat cows made £3 to £3 10s; lighter; £2 9s to £3; light. £1 17s 6d to £2 ss; stores, to £1 lis; fair yearling heifers, £1 8s to £1 lis; good quality dairy cows, £6 to £7 ss; medium, £6 to £6 15s; more hackward. £5 5s to £6; others, £3 10s to £4 ss; medium quality dairy heifers, £4 15a to £5 10».

June 10 Juno 15 Par Montreal, do!. 4.5S 4.545 4.866 New York, dol. . 4.07J A OGJ 4.806 Paris, fr. er»t » 86 3-1G 124.21 Brussels, belga .. 2', .255 21.275 35.00 Geneva, fr. Amsterdam, fl. .. 17.555 17.565 25 22 8.425 S.435 12 JO Milan, lire till 64.75 92.46 Berlin, r.m. J 4.27 14.30 20.43 Stockholm, kr. 39.15 19.45 18.159 Copenhagen, kr. . 22.425 22.425 18.159 Oslo, kr. 19 25-32 19.75 IS.159 Vienna, sch. 31 + 3H 3-1.683 Prague, kr. 113.75 113.75 104.25 JleiRinsfors, mark 22(1.50 226.50 129.23 Madrid, pea. 3D 25-32 39 25 32 25,221 Lisbon, escu. 110 110 110 Athens, dr. r-9o 590 375.00 Bucharest, lei. . . 570 570 813.G Rio de Janeiro, mil 4idt 4'd* 5.899d Buenos Aires, dol. 41.73d 41.75d 47.619d Montevideo, do!. 34d t 34 dt 51 d Bombay, rnree . IS 5-64d 18 5-64d 18d Shanghai, dol. .. lSJd 15 5-16d Hongkong-, dol. . 17 l-lfid 17 1 -16d Yokohama, yea . 15 MOd 15 3-32d 24.5?d Batavia, £!. 8.46 12.10 Belgrade, din. .. 250 250 276.31 Warsaw, zloty .. — 30.18 43.33