AUSTRALIAN EXCHANGES

New Zealand Herald, Volume LXXIV, Issue 22823, 2 September 1937, Page 7

AUSTRALIAN EXCHANGES

BUSINESS RESTRICTED BROKEN HILLS RECOVER (Received September 1, 7.:J0 p.m.) SYDNEY, Sept. 1 Business was restricted on the Sydney Stock Exchange to-day, but Broken Hill Proprietary made a good recovery. Taranaki Oils improved from os ad to 5s Sd between the morning and afternoon calls. Business included ;—■

Commonwealth Bonds.—t per rent, 3 OMS, .CIO! 10s; lull, i: 102 '.Ms !>d; 1017, i.'lOU 7s (id; IJL'lOll l.ls Ud; 11)33, JHO'2 .->s; 11137, X'llW. MELBOURNE EXCHANGE Sales on the .Melbourne Stock Exchange included;

LONDON STOCK EXCHANGE DEBENTURES AND SHARES . LONDON, August 31 Sales of debentures and shares on the London Stock F»x change to-day included the following, the prices on August 17 being given for comparison:— Aus. IT Aug. 31 ,C s il £' s il Dalsrety M p.c. deb.) OS lO O 00 J" O British Tobacco . . "JO 7 1 / 2 2 O 0 Goldsbrough-Alort . 18 3 X 8 o Dalgety . . .. 8 2 a S 2 0 I'. and 0. Ulcf.) .. 1 l-> 0 1110 FOREIGN EXCHANGES FLUCTUATIONS IN LONDON British Wireless RUGBY, August 31 The following rates on foreign exchanges arc current, compared with the cabled quotations on August 30 and

HEW ZEALAND QUOTATIONS | The Associated Banks (other than the Bank of New South Wales) quoted tho following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada T.T :i.!)sy m 3.087,, On demand .. 3.08% 3.OSVm Buying: On demand .. 4.02 13 /i a 4.02% Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They arc subject to alteration without notico: — To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. .. 3.0812 4.0282 3.0852 Canada, dol. .. 3.0822 4.0200 3.0802 Austria, sell. .. 20.02 Belgium, helga 23.582 23.007 23.503 Czi'cho'vakia, cr. 113.10 Denmark, kr. . .17.803 18.203 17.500 France, l'r. .. 105.80 308.49 105.03 Germany, r.m. . 0.850 • 0.80-1 Holland, fl. .. 7.187 7.377 7.101 Italy, lire .. 75.08 Java, fl. 7.105 7.355 7.100 Norway, kr. .. 15.802 10.212 15.808 Sweden, kr. .. 15.180. 15.su 35.405 Switzerland, fr. 17.202 17.007 17.207 Noumea, fr, .. 305.14 310.31 105.18 Papeete, fr. .. 105.00 110.31 105.13 N.Z. pence to— Hongkong, dol. 38 53-01 IS 23-01 18 53-01 India, rupee .. 22 21-32 22 11-32 22 21-32 Ceylon, rupee . 22 21-32 22 11-3.3 22 21-32 Japan, yen .. 17% Shanghai, dol. 18 3-01 Sineapore. dol. 35 13-01 31% 35 13-01 Manila, peso .. 30 17-01 20 13-04 30 17-01 The cost in New Zealand r.irrency of the pound'sterling, and of the principal overseas units, on the latest quotations, is as follows: — Present Price Par s d s d London, pound .. G! 10.05 20 0.00 Australia, pound .. 'JO 10.Si 20 0.00 Fiji, pound . .. 22 s.of> * 20 0.00 New York, dollar .. 5 0.00 4 1.31 Montreal, dollar .. 5 0.12 4 1.31 Paris, franc . ..0 2.21 0 2.28 Berlin, reiclisniark . 2 0.15 O 11.74 Copenhagen, krono . 1 1.33 1 1.22 Yokohama, yen .. 1 5.13 2 0.5S CUSTOMS EXCHANGE RATES Finally declared rates of exchange ruling at the date of departure of vessels named are shown in the following table: Ardenvohr, Canada, dollars .. .. 4.08 Ardenvolir, America, dollars .. .. 4.08 Surrey, Canada, dollars .. .. 4.08 Surrey, America, dollars .. .. <I.OB Wairuna, America, dollars .. ~ 4.08 Port Brisbane, America, dollars .. 4.08 Port Brisbane, Canada, dollars .. 4.00 WAIPA COLLIERIES LIQUIDATION COMPLETED A final distribution of 17.8 d a share is notified by tlio 'liquidator of Waipa Railway and Collieries, Limited, which went into liquidation in 1930 owing to price-cutting and low demand. Including this sum shareholders will have received 12s 2.8 d on each 15s share. The company commenced producing coal in 191-1 and . paid dividends from 1915 until liquidation in 1930. A return of capital of os a share was made in 192fi. Tho company's paid capital in 1930 was £0!),929 in shares of los each. A sum of £88.9(53 was distributed m dividends during the company's lifetime and £13,782 was paid in income tax. The return of capital in liquidation will be 1M5,875. The company owned the Nirarna-wahia-Glcn Masscy railway, which it sold for £IO,OOO to Wilton Collieries, Limited. When tile company went, into liquidation the obligation of £4OOO remaining was taken over by Wilton Collieries (193-1), Limited, which satisfied the debt on May 31, 1937, when the rights to the railway were transferred. WRIGHT, STEPHENSON, LTD. The retiring directors of Wright, Stephenson and Company. Limited, Sir William D. Hunt and Messrs. J. T. .A! .artin and S. C. Sutherland, were reelected at the annual meeting held ill Wellington on Tuesday.

£ s (1 Bank New South "Wales .. 31 o (> Mai. Bank A'asia (£o) 7 7 11 Union Bank . !l J!» 0 Queensland National Bank . 5 7 o Australian Gas (A) . 7 (» 0 Tuohey's 1 in 0 Tooths o 1(1 0 British Tobacco •_> 11 () Broken Hill Ply. .. '7 o (> Colonial Sugar 4!) 0 0 Electrolytic Zinc a I u .Ditto a 1 (i Ditto (|>ref.) a o 0 H. J. Coles r> 0 0 Taranaki Oil 0 5 8 Mount Morgan (i 1 L a Mount Lyell' ., o 1 0 North Broken Hill a 1!) 0 Broken Mill South .. •_> 10 (i La rill Tin o 1!) 0

£ s (1 Commercial Bank Australia 0 17 11 National Bank A'asia (£10) M VI (I Metropolitan Gas . Felt and Textiles . K$ s 0 •j 'J 1) Australian Glass 4 111 0 Aust. Iron ami Steel (prcf.) ' 1 s 0 Drue Houses (Aust.) 1 5 ]Va Dunlop-Perdriau 3 3 Ditto (prcf.) 1 IS G Myers I 17 0

par:— Par Aug. 31 Aug. 30 Montreal, dol. .. •l .oo% 4.90% 4.800 New York, dol. 4.97 '1.08% 4.80 Paris, fr. 132% r.vj"/ 31 mvoo Brussels, helga. . 29.10 3.-..00 Geneva, fr. ■_M .navi -i .0-1/4 25.22 Amsterdam, gr. n.OO'/a 0.00% 12.10 Milan, lire 01% B in 5 /,. 02.00 Berlin, r.m. 12.30% 12.37 20.13 Stockholm, kr... 19.39% 10.39% 18.1 .">!) Copenhagen, kr. 22.40 2'.»,lll 18.150 Oslo, kr. 19.00 19.90 IS. 150 Vienna, sch. .. 20% 20% 31.585 Fragile, kr. 112% 312% 1 04.25 Helsingfors, nark 220% 220% 103.23 Madrid, pes. .. r.r.t 25.221 Lisbon, cscu. .. J 10% 110% 1.10 Athens, dr. r> t i % 517% 375.00 Bucharest, hi... 1)70 070 813.0 Rio de Janeirs, m. -I %d * 4 %d* 5.S«)d Montevideo, dol. 39 l %od 30'% e d 51 d Bombay, rupee.. 18%d lS%d 18d Shanghai, dol... ll%dt 1 Idt — Hongkong, dol. 1 .-,(1 ] "id — Yokohama, yen J 4 1-0 Id 1. Id 21.5Rd Balavia. gr. .. H.I)!) 8.88 12.10 Belgrade, din... 'J 17 217 270.31 Warsaw, zloty.. 2Cl.l 2G.4 43.38 tXominal. 'Sellers.