THE MONEY MARKET
BANK OF ENGLAND RETURN GOLD HOLDING STEADY PUBLIC DEPOSITS INCREASE LONDON, Nov. 17 The Bank of England return for the week ended November 17 is as follows: — ISSUE DEPARTMENT Notes issued:— Govt, debt £11,000,000 In circu- Other Govt, lation £478,600,000 securities 188,800,000 In bank- Other secuing dept. 47,800,000 rities .. 200,000 ♦£200,000,000 Gold coin & bullion 326,400,000 £526,400,000 £526,400,000 'Amount of fiduciary issuo. BANKING DEPARTMENT Capital .. £14,500,000 Govt, sccuRest . . 3,200,000 rities £05,200,000 Deposits— Advances Public .. 35,100,000 and othor Bankers & securities 33,000,000 other acs. 124,500,000 Notes .. 47,800,000 Gold and silver coin 1,300,000 £177,300,000 £177,300,000 The principal items of the above return compare as follows with those for last week, the proportion of the reserve being shown in the last line: — Deposits— Nov. 10 Nov. 17 Public . . £15,000,000 £35,100,000 Bankers .. 100,500,000 80,500,000 Other Accounts 35,500,000 35,000,000 £160,000,000 £159,600,000 Securities — Government . . 101,500,000 95,200,000 Advances, etc. 11,100,000 12,400,000 other . . 21,000,000 20,600,000 Reserve .. 45,000,000 49,100,000 Note circulation 482,700,000 478,600,000 Coin and bullion 377,700,000 327,700,000 Proportion . . 27.97 30.76 RATE OF DISCOUNT The Bank of England rate of discount is 2 per cent, to which it was reduced on Juno 30, 1932, from 2J per cent. CONSOLS AND DOMINION STOCKS The following table gives quotations for consols and colonial inscribed stock®, compared with those of November 10: — Price Variation £sd b d Consols, 2% p.c. . . 72 18 0 +6 3 Fun. Loan, 4, 1960-00 107 15 0 -41 3 War Loan, 3%, 1052 09 5 0 +1 3 Convers. Loan. 3%, 1961 99 12 6 -10 0 Victory Bonds, 4 .. 108 3 9 -8 9 C'wealth, 5, 1945"-75 105 6 3 -7 6 C'wealth, 4, 1943-48 100 6 3 +1 3 C'wealth, 3%, 1948-53 96 13 9 -31 3* C'wealth, 3%, 1956-61 87 0 0 -7,6 C'wealth, 3, 1955-58 86 0 0 +l6 3 N.S.W., 3%, 1930-50 94 7 6 +1 3 Victorian, 3 1929-40 92 5 0 +2 6 Victorian, 4% 1910-60 101 17 6 -1 3 Victorian, 5, 1945-75 105 3 9 -3 9 §ueensland, 3, 1922-47 93 2 6 -7 6 ueensland, 5. 1940-60 101 12 6 -6 3 S. Aust., 3,1916 or after 75 3 9 +l3 9 S. Aust., 5, 1915-75 105 6 3 -1 3 W. Aust., 4, 1942-62 99 16 3 -2 6 Tasmania, 3%, 1920-40 101 6 3 +1 3 Tasmania, 4, 1940-50 99 15 O -5 0 N.Z., 4%, 1948-58 . . 96 6 3 -31 3 N.Z., 3%, 1940 . . 99 1 3 -5 0 N.Z., 3, 1045 80 15 O -17 0 » JEx interest. FOREIGN EXCHANGES FLUCTUATIONS IN LONDON j British Wireless RUGBY, Nov. 17 The following rates on foreign exchanges are current, compared with the cabled quotations on November 16 and par:— Nov. 17 Nov. 16 Par Montreal, dol. .. 4.75% 4.74% 4.866 New York, dol. 4.70 4.69% 4.86 Paris, fr. .. 178% 178% 179.00 Brussels, belga.. 27.88 27.82 35.00 Geneva, fr. .. 20.65 20.82 25.22 Amsterdam, gr. 8.60 8.66% 12.10 Milan, lire . . 89% 80% 92.00 Berlin, r.m. . . 11.75% 11.74 20.13 Stockholm, kr... 19.41 19.41 18.159 Copenhagen, kr. 22.40 22.40 18.159 Oslo. kr. . . 19.90 19.90 18.159 Prague, kr. . . 137% 137 164.25 Helsingfors, mark 226% 226% 193.23 Madrid, pes. + t 25.221 Lisbon, escu. . . 110% 110% 110 Athens, dr. . . 547% 547% 375.00 Bucharest, lei... 666 666 813.6 R.io de Janeiro, m t 3d 3d 5.899 d Buenos Aires, pes. 20.45 20.45 11.45 Montevideo, dol. 18% d 18% d 51d Bombay, rupee. . 17"/i # d 17 is /i e d 18d Shanghai, d 01... B%d B%d Hongkong, dol. 14"/ied 14 is /nid Yokohama, yen 14d 14d 24.55 d Batavia, gr. .. 8.64% 5.66 12.10 Belgrade, din... 212 212 276.31 Warsaw, zloty. . 25.00 25.25 13.38 tNominal. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis, subject to alteration without notice: — Selling: United States Canada T-T. . . . 3.74»/ 1B 3.77»/ 16 On domand .. 3.74 1 %, 3.78% e Buying: On demand . . 3.80% 3.83%, Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to alteration without notice: — To £1 N.Z. T.T. On Demand Currency Selling Buying Selling U.S.A., dol. 3.7505 3.8095 3.7515 Canada, .dol. . . 3.7760 3.8537 3.7770 Belgium,*' belga 22.052 22.7-17 22.057 Czecho'vakia, cr. 107.25 Denmark, kr. . 17.686 18.366 17.688 Finland. Fin. ms. 176.02 188.02 176.12 France, fr. .. 140.61 Germany, r.m. . 9.235 Greece, drachmas 418.U8 Holland, fl. . . 6.825 7.165 6.827 Italy, lire .. 71.013 Java, fi. ... 6.790 7.130 6.792 Norway, kr. .. 15.701 10.344 J5.707 Noumea, fr. . . 137.11 Papeete, fr. .. 137.41 Sweden, kr. . . 15,322 15.972 15.325 Switzerland, fr. 16.471 17.110 16.473 N.Z. penco to — Cliefoo, dol. Nominal Hongkong, dol. 18 15-64 India, rupeo 22 41-04 22 3-64 22 41-04 CeYlon, rupee 22 41-64 22 3-64 22 41-64 Japan, yen . . \~ 3 /* Manila, peso Nominal Shanghai, dol. Nominal Singaporo, dol. 35 19-64 34 15-04 35 19-04 The cost in New Zealand currency of tho pound sterling, and of the principal overseas units, on tho latest quotations, is as follows: — Present Price Par s d 3d London, pound 25 0.00 20 0.00 Australia, pound . . 19 11.88 20 0.00 Fiji, pound . .. 22 5.06 20 0.00 New York, dollar 5 3.10 4 1.31 Montreal, dollar .. 5 2.59 4 1.31 Paris, franc .. 0 1.08 0 1.34 Berlin, reichsinark .. 2 1.20 0 11.74 Copenhagen, krone .. 1 1.30 I 1.22 Yokohama, yen .. 1 5.50 ' 0.58 MINING NEWS PLACER AND BULOLO INTERIM DIVIDENDS DECLARED Placer Development, Limited, Vancouver, has declared an unchanged interim dividend of 60 cents a onedollar share, subject to Canadian absentee tax of 5 per cent. Bulolo Gold Dredging, Limited, is paying an interim dividend of 1 dollar 50 cents a share of s.dollars, unchanged, also subject to tax. Both dividends aro payablo on December 9. Tho Placer payment is worth about 3s. 2d in New Zealand, and the Bulolo payment about 7s lOd. NEW PRIVATE COMPANIES The following private companies havo been registered in Auckland:— Fanthorpe Emporium, Limited, drapers. Capital. .L' 10,000 in £1 shares. Subscribers: M. Connery, 90a» shares:' Mrs. b. L>. Connepotr°v's Motors, Limited, garage proprietors. Capital. £SOOO in £1 shares. Subscribers: P. Petry. 2000 shares: W. S. Goosniun and S. K. Goosnian. 1500 each. Monto Carlo Milk Bar. Limited. Capital, Ul7oo in £1 shares. Subscribers: J. Ross and R. B. Seabrook-, 840 shares each; G. W. Wright, two.
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23199, 19 November 1938, Page 11
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1,046THE MONEY MARKET New Zealand Herald, Volume LXXV, Issue 23199, 19 November 1938, Page 11
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