COMMERCE AND FINANCE

Otago Daily Times, Issue 22741, 29 November 1935, Page 14

COMMERCE AND FINANCE

THE RESERVE BANK * ASSETS AND LIABILITIES (Per United Pbess Association) WELLINGTON, November 28. The Gazette issued to-night contains tlie following statement of the liabilities and assets of the Reserve Bank of New Zealand as at the close of business on Monday, November 25. The figures at the close of last'week are given for the purposes of comparison, shillings and pence being omitted:— LIABILITIES Last week. This week. • e .. • e ■-. 1. Paid-up CSPlttl ..... 800,000 . WO.COO 2. General Bwene Fund .. 1.M0.000 1.000.000 3. Banknotes 9.172.024 0.123.700. i. Demand liabilities— .■• ' no< (a) State MW.707 MIMM (b) Bank .. .. . 6.878.183 5.258.0. J (c) Other r 288,881 841.836 8. Time deposits .. ..... ~ 6. Liabilities in currencies other than New Zealand currency : .. .. \.Tm«* 7. Other liabilities' i. .. 100.053 8P.*03 Total ... .. •'• tt1.9U.051 ;£22.038,17i ..-'assets '," . \ 8. Reserve :?< ■ ... „„„ (a) Gold ;:.'.;.; .. .. .. 2,801,782 2,801.733 (b) Sterling exchanges .. 17,338,186 17,458,753 (c) Gold exchange .. - . ::!"... I. Subsidiary coin .. .. 208.021 .210,841 10. Discount—(a) Commercial and agricultural bills .. (b) Treasury and local . ; .body Mil* .. ■••- ■•.•.— -..—• • 11. Advances—(a) To Stjt» or Stats .undertakings.. .. ' —* ' T".\ (b) To other public au- : thorities .... (c) Other"; ' ■.— ■ '~L 12. Investments . .... .. 1.538,442 1,540,898 13. Bank buildings .... *~ 14. Other, assets ..... .: 24.068 26.124 ; - Total .. .'. •• £21.911.051 £22,058.iU Proportion of reserre (No. 8 less N0..6) to notes and „.„„ other demand liabilities.. 99.1056 99.126% AUSTRALIAN STOCK EXCHANGES :, (United Press Association) (By Eleotrlo Telegraph—Copyright) -" » SYDNEY, November 28. (Received Nov. 28, at 10.30 p.m.) On the Stock Exchange there was an improved tone, a steadier feeling replacing the. irregularity of the-lJast few .days.. Many leading industrials made headway. The gold market was eriliyened.by active, exchanges in the New Occidental following the latest mine report,.land prices' firmed materially. . , ... ,'.C •■ THEMORNING SALES. ' Commonwealth. Bonds— \ ■ ■ . ! 4 per cent:> 1953 .. ~ ..103 10 0 4 per cent./ 1955 .. .. .. 103 15 0 Commercial Bank of Sydney 18 2 0 Bank of New South Wales .. 33 7 6 Anthony Hordefn: (pref.) .. 1 2 9 r British Tobacco ....... 2 1 9 Broken Hill Pty (first instal- . rrient paid) .. ..■;.■..••• .1 rt „' Broken Hill South; ■•'. .**..,. .. ,5 9 6 Goldsbrough, Mort. i. ... ..-,■ 1 12 -0 Meggitts .. .. .. .:.....; 1 3 J) ' '.ADDITIONAL SALES. £ s. d. Bank of New South Wales -„' ' (New Zealand delivery) .. 33 8 9 Commercial Bank of Sydney 18 . 2 0 Commercial Bink of Australia 017 6 Union Bank (New, Zealand- > delivery) ::A.'.,.». .:. .... 0 13 0. Colonial Sugar .--,- ..,;...; 42.10 0 Australian Gas' (A and B)'.:- 716 6 Tooths;... .. ... i. ■■:. .. 210 0 Clifford: Love.*..-.. ... -y<■ <.- |l2 0 Claude Neon .. .. ...... .'J. 214 0 Goodyeair (pref.) .* ~* .;-;v;;.- 112 ;«* British T0bacc0.,....-< '-*>. . 2 •* a - Dunlop-Perdriau :-•■'. V. . ; ... 016 H Goldsbrough, Morti-.'. ..;«.•■ 1 12 * Morris Hedstrom-.'. ... .. .i .1 s■» ■ Henry Jories^.'v- :'.•-. >.,:..;.„ 118 «* Fairymead Sugar ..'.; .'. ..*'- 119 « - 1 6 9 Anthony Hordern .. ..... ■>,.' .0 19 104 Lustra '..".v. .. .- i. ..;.> -1 ° $ General Industries .. ....... 1 .'« « United Provisions ... ...... »}il\. Stedman .. ..' .. /.". : -V. • • .0 17 7i Mount Morgan:-., .v .. ;. lio » Broken Hill Proprietary. ... 2 18 & South Broken Hill .. ...... 512 0 Zine Corporation .... .... 311 b Rawang .. .. ■■ .■, .. ...... 0 8 J Placer Development .. ~. 0 ,10 u New Occidental .'. ....... 014 4 Emperor .... ...... •• •• °\% .» Koroere .. .... •• •■ •■ •- 012 10 ■■.:■■' MELBOURNE, November 28. Commercial Bank of Australia . 0 17 8 National Bank (£5 paid) ... 17 b Metropolitan Gas ,•••••• 14 ,Z a Electrolytic Zinc (pref.) , ... .119 9 Nestles (pref ). ... ... v ••' ,1 3* $ Herald and Times ....,- ? 3 0 Mount. Morgan .. .. .. •• 11» » Enterprise v. ....:. •• •• »"(» " Lol6ma>y : ;v ■■ .. •• •• •• 119 x * ; AUSTRALIAN MARKETS (United Press Association) (By Electric Telegraph—Copyright) ■•;■•'•••-• SYDNEY, November 28. (Received Nov. 28, at 10.30 p.m.) Wheat: Country sidings; bagged- and bulk, 2 S 10*d, equal to about 3s sd, ex trucks/Sydney. ' Flour, £ll 17s 6d.. Bran and Pollard, £s'los. "•.„', , Potatoes: Tasmanian, £lO and £8; local new, £6 10s. ; - ■. Onions: Victorian brown, to £8... Maize: Yellow and white, ss. ADELAIDE, November 28. Wheat: : Growers' lots, 3s 3d. Flour: Bakers' lots, £l2. Bran. £5 2s 6d. Pollard, £5 7s 6d. Oats: Algerian, Is 8d to Is 9d. Barley, to 2s Id. ■ : - .. - : PROPERTY SALE Messrs Alex Harris. Ltd., report having offered at auction yesterday . Mrs £-• M'Keay's freehold property situated JNo. 186 South road, Caversham, area approximatelv 16 poles,. together with four-room cottage. The reserve at auction was not reached, but the property was sold immediately afterwards at a satisfactory

NORTHERN EXCHANGES - AUCKLAND Sales on 'Change

WELLINGTON Sales on 'Change

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE There was a sharp drop in the value of Bank of New Zealand shares on the Dunedin Stock Exchange yesterday, the closing buying offer being £2 63, while sellers asked £2 Bs. An even greater depreciation in prices was .recorded in Reserve Banks, the best buying offer for which was £5 10s. Sellers' new requirement was 15 19s. South British Insurances were inojiired for at the easier price or £4 13s, but sellers would not accept lesa than £4 17s. Standard Insurances eased very considerably, the closing buying quotation being £3, which was lis below sellers' requirements. Mortgage Corporations met with a weaker inquiry at ss, sailers refusing to accept/less than 5s 6d. Wilsons Cements were in demand at £2, ex dividend, but sellers did not come forward. New Zealand Bieweries were disposed of at £2 15s, and sales from the previous day were reported at £2 15s 6d and £S 15s"9d. The market closed with a buyer at £2 14s 9d. There was a noticeable easing in the demand for the 4 per cent. Government bond and stock issues, sellers showing little interest. SALE.ON 'CHANGE.

CHRISTCHURCH Sales on 'Change Unlisted Stocks

PRICE OF FINE GOLD (United Press Association) (By Electric Telegraph—Copyright) LONDON. November 27.

LONDON STOCK MARKETS (United Press Association) {By Electric Telegraph—Copyright) LONDON, November 28. (Received N0v.,28, at 9 p.m.) _ The stock markets are quiet and easier. British Government funds are steady. War loan. £lO5 17s 6d. LONDON WOOL SALES KEEN BIDDING. (United Press Association) (By Electric Telegraph—Copyright) LONDON, November 27. At the wool sales 9768 bales were offered, including 5100 from New Zealand. There was keen bidding by Home buyers. About 9350 bales of Australian and New Zealand wool were sold. New Zealand greasy half bred, " Cheddar Valley," top 15d; average 13f,d. DOLLAR AND FRANC (United Press Association) (By Electric Telegraph—Copyright) LONDON, November 27. Exchange on New York is quoted at 4.93 J dollars to the £ and on Paris at 74 15-16 francs to the £. DAIRY PRODUCE The South Island Dairy Association, Ltd., has received the following market report from London, dated November 27: Butter.—Quiet; 101 s to 102 s; Danish, 1225. Cheese.—Quiet. White, 53s 6d; coloured, 559. GOLDSBROUGH MORT. (Per United Press Association) WELLINGTON, November 28. The Goldsbrougb Mort. directors propose to recommend an interim dividend of 4 per cent, per annum for the six months ended September 30 last. , PROPERTY SALE Messrs Tamblyn, Rhodes and Jamieeon report the sale by auction yesterday of the freehold property, 247 Castle street, on behalf of the Public Trustee at a satisfactory figure. • . * LONDON METAL MARKET LONDON, November 2T. ■ . (Reoelred Nov. 28, at 11 p.m.) The following are the official metal Quotations:—

MINING NEWS OKARITO DIVIDEND The directors of the Okarito Fivemile Beach Gold Dredging Company, Ltd., have declared a dividend of 10 per cent. (6d per share), payable on December 17. WAITAHU REPORT The secretaries of the Waitahu Gold Dredging Company (Messrs W. A. Mitsou and Co.) report that during the past five weeks work hate been done on the bed of Little Redman's Creek, lhe actual bottom was found to be 30ft below the level of the normal run of bottom wash, but when this was sluiced away a payed tail race was exposed, showing that tie creek had been previously worked by the early miners. The return from four chains and a-half of creek bottom was only Boz, thus indicating that the creek itself was not worth bothering about. lhe elevator waa now being removed to the ordinary working face, where an area ot nearly an acre had been stripped ready for elevating. ARGO DREDGING COMPANY (Per United Pbess Association) 1 REEFTON, November 29. The Argo dredge reports a wash-up of GBoz for 143 hours from 1440 yards. FOREIGN EXCHANGES (British Official Wlrelefla.) (United Press Association.) (By Electric Telegraph— Copyright.) RUGBY, November 27.

DOLLAR RATES 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. U.S.A. Canada (per£l (per £1 N.Z.) N.Z.) Selling— dols. dole. T.T 3.95| 4.00 O.D. 3.OGi 4.00 J Buving— O.D 4.00| 4.05-J GOLDSBROUGH MORT HALF-YEARLY DIVIDEND. (Feb United Press Association) WELLINGTON. November 28. . Goldsbrough. Mort lias advised the Stock Exchange Association that at the ordinary general meeting on December 18 the directors propose to recommend an interim dividend at the rate of 4 per cent, per annum for the six months ended September 30. The dividend will be payable at Melbourne, and the books will be closed on December 7. MUTUAL STARR-BOWKETT SOCIETY The Mutual Starr-Bowkett Building Society held a ballot in No, 3 group yesterday for a premium loan of £SOO. The ballot was drawn by one shareholder. Messrs J. Lindsay and Co., farm produce salesmen, Vogel street, Dunedin, agents for the North Otago Poultry Farmers' Association, report as under: — Eggs: Poultry farmers', 12d to 13d; others, lid. Butter: Separator pats, 10d per lb. Pigs: Baconers, sid to 6d per lb; porkers, 6d. Potatoes: Oamaru grown, 4d; North Island, 3d per lb. Chaff, £8 per ton, sacks extra. Fowl wheat, 5s 6d per bushel, sacks extra. Straw, £3 10s per ton. Poultry: Hens, Is 4d to Is 9d each, ducks, 2s Od to 3s. We stock meatmeal, grit, etc., and have a stock of poultry crates on hand for the free use of our clients. —Nov. 29, 1935.

SYDNEY WOOL SALES (United Press Association) (by Electric Telegraph—Copyright) SYDNEY, November 28. (Received Nov. 28, at 11 p.m.) At the wool sales 13,105 bales were offered and 12,106 sold, while 1336 were disposed of privately. Keen competition prevailed, but the market showed no change from the previous day. Greasy merino sold to 24Jd. ZINC CORPORATION DIVIDENDS ANNOUNCED. (Per United Press Association) WELLINGTON, November 28. The Zinc Corporation has notified the Stock Exchange Association that the directors have declared the second half of the fixed cumulative dividend of 2s on preference shares for the half-year ending December 31, less income tax of 2s 5d in the pound, also an interim participating dividend of 2s per share on both preference and ordinary shares in respect of the year 1935, less income tax of 2s 7Jd in the pound. Both dividends will be paid on January 1, 1936, in English currency. The books will be closed on December 5 and will be reopened on December 7.

f s. d. 2 15 0 SALES REPORTED 6 5 6 5 0 3 Farmers' Fertiliser .. .. ,, 0 19 6 N.Z. Breweries (late Wee 1.) 2 15 6 (late WecJ.) 2 15 9 3i per cent. Stock, 1938-43 .. : 103 0 0 The following are yesterday afternoon's buying and selling quotations, winch are subject to the usual brokerage: :— BANKING. Buyer % Seller. £ 6. d. £ s. d. N.S.W — 33 10 0 0 2 8 0 Commercial .. .. 0 17 0 0 17 6 Natl, of N.Z. .. — 3 16 0 0 5 19 0 INSURANCE. 6 19 9 New Zealand .... — 3 5 6 South British .. 4 13 0 4 17 0 Standard 3 0 0 3 11 0 SHIPPING. Huddart, Parker 0 — P. and 0. Def. Stock 1 2 0 — U.S.S. Co. (pref.) 1 7 3 —. MEAT PRESERVING. N.Z.Refrig. (paid) — N.Z. Ref rig. (eont.) — 1 2 9 , - 0 10 iu South.. Froz. Meat (paid)/ ., .. •• — 3 17 6 South Froz. Meat 3 18 0 LOAN AND AGENCY r Goldsbrough, Mort -•: — "l 12 6 Mortgage. Corpora- d 0 0 5 6 National Mort K age —- 2 12 6 Perpetual Trustees 3 3 0 ' — Trustees, Executors 3 3 0 -~ Wright, Stephenson 0 18 6 Wright, Stephenson (pref.) ...... — 0 19 9 COAL. 3 — Kaitangata .... 11 6 —. 1 2 iu | Westport^Sfcbckton ; 0 3 0 MISCELLANEOUS. D.I.C. (pref.), .. 13 0 —r Dominion Fertiliser — 1 4 0 Dominion Fertiliser (debs.) .... ... 106 0 0 — Dominion , Rubber. .1; 4 0 1 7 o Donaghy's Rope .,:. . 2 10 0J, "'■ — Stock';' Exchange .-.;. . ■■ Proprietary ■;■■' .... .. 1 18, 0 2 0 0 Milburjx.Lime; .. V- .—•";■ 2 4 6 National Electric 0 12 9 — NiZ; Drug:CoV'.".■.. , " "■'—.-, 4 0 0 Farmers' Fertiliser — 1 0 0 N.Z. Paper Mills ' — 1 9 6 Otago Daily Times 2 9 6 2 11 6 Wilsons Cement V. ?,%. 0 0: i> — :y. : : WOOLLEN COMPANIES. Bruce ! ! ...:^-;..: — 0 14 3 Bruce (pref;,) .vi" - — 1. 2 0 Kaiapoi (cont.) .'■. \Q.? 4 8 — Kaiapoi (pref.) i. ,;•"*,»; ■ —. 0 18 6 MOsgiel .. .... 10 0 0 10 5 0 9 1 2 6 BREWERIES. NiZ'. Breweries .. 2 14 9 — •*2 17 6 AUSTRALIAN MINING. Electro. Zinc (ord.) ...... — 1 15 6 Mount Lyell .... —r 1 1 7 Mount Morgan .. — 1 18 0 ;' : : MINING. Alexander (fl pd.) 0 13 0 — Bendigo GoldUght 0 0 34 0 0 4 Gillespie's Beach .. —• 9 0 2 0 0 1 2 9 0 3 0 Molyneux River .. 0 2 3 0 2 11 Nokomai ..../. 01 6 0 2 3 Okarito 0 5 6 0 6 0 Paddy;s Point .. — 0 2 0 0 0 5 21 0 0 .35 Waipapa Bea<jh • — 0 1 8 0 3 3 1 1 3 GOVERNMENT LOANS. 3J Stock, March, ; ] 103 10 0 3% Stock, SeDt., 1939-43... ...... — L03 10 0 4 Bonds, 1937-40.. 101 10 0 ' — 4 Stock, 1937-40.. 101 10 0 — 4 Bonds, 1943-46.. 103 10 0 — 4 Stock, 1943-46.. 103 10 0 — 4 Bonds, 1946-49.. 104 0 0 ■ — 4 Stock, 1946-49.. — 105 5 0 4 Bonds, 1932-55.. 107 0 0 . —. 4 Stock, 1952-55.. 107 0 0 — **Ex dividend

£ s. d. BondB, 15/1/40, 4 p.c 102 0 0 104 12 6 Stock. 15/1/40, 4 p.c, '.. .'.' i 102 0 0 '107 0 0 South British Insurance 4 14 4 14 0 0 Mortgage Corporation .. . • 0 5 6 1 4 3 Westport-Stockton (pref.) 0 2 8 1 6 2 British Tobacco (2) .. .. 2 1 0 Broken Hill Proprietary (5b 1 8 0 Wilsons Cement (ex div.) 2 2 6 Uolconda Holdings • • 0 1 6 0 3 11 Unlisted Stocks 0 13 3 Woohvorths (Sydney) .. 5 17 6 5 ¥7 G

Inscr. Stock, 3J p.c., 1038-52 102 15 Inscr. Stock. 4 p.c. 1940 .. 102 5 Inscr. Stock., 4 p.c, 1946 ., 104 17 104 12 (3) 105 0 Inscr. Stock, 4 p.c. 1949 (2) 105 5 Inscr. Stock. 4 p.c. 1955 ..108 2 Commercial Bank of Australia Oh 0 0 6 6 0 0 0 o T •■.'■■• 0 16 11 0 17 1 0 17 2 National Bank K.Z. .. .. Bank of N T .Z. (D. Mort; late Christchurch Gas (late WedSouth British Insurance 3 15 3 14 0 6 2 8 1 13 1 16 4 14 4 14 0 6 6 9 6 Gear Meat (late Wednesday) Colonial Sugar (late WednesProcera Bread (ord; late Procera Bread (vendor) 1 2 42 7 2 5 2 5 6 6 0 6

Were's Investment Trust (2) Woohvorths (Sydney; 6) .. 0 1 24 0 5 0 5 18 0

Listed Stock* Commercial Bank of Australia 0 17 0 17 2 1 Bank of New Zealand (cum 2 9 2 8 0 9 Reserve Bank (3) '.. 5 12 5 11 G 9 Mortgage Corporation (5s Huddart Parker (pref.) .. New Zealand Breweries (6) Anthony Hordern .'.. 0 5 1 7 2 15 0 19 0 19 0 6 0 5 3 Broken Hill Propy. (ex div.; 2 0 11 2 17 3 2 4 6 0 1 10 Sales Reported Listed Stocks 0 0 0 0 H 32 Bendigo Goldhght .. .. Beatji and Co. (odd lot) ■.. New Zealand Breweries (6) Christchurch Gas (late WedBank of New Zealand (cum , 0 0 1 9 2 15 1 16 1 16 2 11 2 8 2 8 44 0 0 0 3 3 3 6 National Bank of New Zea3 15 0

f s. d. November 27 .. 7 1 0 November 26 •V.- 7 0 11 November 25 .. .. 7 o 114 November 23 .. 7 0 11 November 22 .. 7 1 3 November 21 .. 7 1 5 November 20 .. 7 1 4J November 19 .. 7 1 6£ November 18 .. 7 1 5

Ton Copper, spot .. .. £35 3 1% Fall £0 3 va Copper, forward .. 35 10 VA Fall 0 2: G Electrolytic spot.. .. 33 0 0 Fall 0 5 0 Electrolytic, forward.. 30 10 0 Fall 0 6 0 39 10 ' 0 Fall 0 6 0 18 1 3 No change Lead, forward .. .. 18 1 3 No change Spelter, spot •• •• .10 2 6 Fall 0 7 0 Spelter, forward •• •• 10 3 9 No change 221 12 6 Fall 0 2 G 'Jin. forward .. .. 212 2 0 Rise 0 10 0 Pig Iron, home trade 3 10 0 No change Pig Iron,- export 3 1 8 No change Antimony, British 79 10 0 No change Antimony, foreign 54 15 DnlU 0 No change 1 11 6 No change 1 14 02. 6 No change Silver, standard .. .. 29 3-lOd No change 31%d No change

Pari»— P ar - Nov. 26. Nov. 27. Franca to £1 124. 21 74 85-64 75 1-32 Brussels— Bejgas to SI SO 20.205 29.21 OsloKroner to 61 18.180 19.903 19.901 StockholmKroner to £1 18.180 19.S9J 19.396 Copenhagen— Kroner to £1 18.150 22 22 BerlinMarks to £1 20.34 12.271 12.271 Montreal — Dollars to £1 4.86 2-8 4.983 4.082 N&w York* - " Dollars to £1 4.86 2-3 4.93 13-18 4.93 15-10 Yokohama — Ponce to yen 24.582 14 14 Hongkong— Pence to dollar 24.58 17 11-16 17 11-16 Bombay— Pence to rupee — 18) 181 Batavla — Florins to £1 12.10 7.2Y 7.27 Milan— Lire to £1 82.46 60S 60S AmsterdamGuilder to £1 12.107 7.301 7.293 Prague— Kioner to £1 101J 1191 1198 GenevaFrancs to £1 25.22| 15.29 15.29 Vicuna— Schillings to £1 84861 261 201 Hclsingfors— Marks to £1 193.23 2263 226J MadridPesetas to £1 25.22} 36 3-16 .. 30 3-16 BelgradeDinars to £1 25.221 217 217 AthensDrachma to £1 375 518 518 Lisbon— Escudosto £1 110 nog 1108 Bucharest— Lei to £1 .. 931.6 630 620 Rio de JaneiroPence to mllrel? .. 6.890 41 41 Buenos Aires— Pence to pesos 47.22 361 361 Shanghai— Pence to tael — *14 9-16 14 0-J0 Montevideo—^ Pence to pesos — 391 391 Warsaw— Zlotys to £1 — 26.08 26.00 ON NEW ZEALAND CURRENCY • BASIS I The Bank of New South Wales, Dunedln, quoted the following rates for purchases and sales of foreign exchange yesteraaj ' •— London— Buying. Selling. £1 N.Z. to £100 Stg. . • a • T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— £ A to £100 N.Z. T.T. 101 100/10/FIJI— £ F to £100 N.Z. O.D. 101 100/10/T.T. 00/7/6 89 O.D. 80/7/6 80 New YorkDollars to £ N.Z. T.T. 3.991 3.955 O.D. 4.002 3.961 MontrealDollars to £ N.Z. T.T. 4.038 3.99 1 O.D. 4.041 4.00J FranceFranco to £ N.Z. T.T. 60.94 59.64 O.D. 61.24 59.69 NoumeaFrancs to £ N.Z. T.T. 61.89 58.89 O.D. 62.29 58.94 PapeeteFrancs to £ N.Z. T.T. 61.89 58.89 O.D. 62.29 53.94 Belgium— Belgas to £ N.Z. T.T. — 23.159 O.D. — 23.174 Germany— Reichsmarks to £ N.Z T.T. _ 9.654 O.D. — U.659 ItalyLire to £ N.Z. T.T, — — O.D. — — Switzerland— Francs to £ N.Z. T.T. 12.502 12.102 O.D. 12.577 12.112 HollandFlorins to £ N.Z. T.T. 5.998 5.748 O.D. G.048 5.752 JavaFlorins to £ N.Z. T.T. 5.943 5.718 O.D. 5.993 5.722 Japan— N.Z. Pence to 1 Yen .... T.T. — 17 21-32 O.D. — 17 41-04 Shanghai— N.Z. Pence to 1 Dollar .. .. T.T. 17 11-32 18 2.1-32 O.D. 17 7-32 18 41-64 India and Ceylon— N.Z. Pence to 1 Rupee .. ., T.T. 22g 22 23-82 O.D. 221 22 21-32 Hongkong— N.Z. Pence to 1 Dollar .. .. T.T. ; 21 13-3! I 22 21-32 O.D. 21 9-32 22§ Singapore— N.Z. Pence to 1 ' Dollar .. ., T.T. 34g 35 5-16 O.D. 341 351 SwedenKroner to £ N.Z. T.T. 15.790 15.460 O.D. 15.830 15.470 NorwayKroner to £ N.Z. T.T. 16.200 15.870 O.D. 16.240 15.880 Denmark— Kroner to £ N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 AustriaSchillings to £ N.Z T.T. — 20.72 o:d. — 20.74 Czechoslovakia— Crowns to £ N.Z. T.T. 95.42 O.D. — 95.47 All rates subject lo alteration without uutl.e