COMMERCE AND FINANCE

Otago Daily Times, Issue 23463, 30 March 1938, Page 16

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE - AUSTRALIAN MINING SCRIP SELLS CHEAPLY Anxious to effect sales, holders of Australian mining stocks made big concessions on the Dunedin Stock Exchange yesterday afternoon, and the transactions recorded in Commonwealth mining ventures were all at much reduced prices. The weakness in buying pressure appeared to spread to other sections of the market also, for there was a noticeable slackening in the demand for banks and industrials. Mount Lyells had three sales on ’Change, all at the reduced price of £1 Bs, and when the market closed they were on offer at that figure, but buyers would not go beyond £1 7s 6d. North Broken Hills, which have lost approximately 2s in value during the current week, slipped sharply to business after the last call-over at £2 7s 6d. The cautious attitude adopted by buyers of these share can be gauged from, the fact that, during the call, a buyer came on at £2 Is 9d—3d above the figure at which they were sold. Broken Hill Souths, with two sales at £J 10s 9d. completed the business in this Weak section. Banks were quiet, with sellers in the ascefidancy. and National Insurances firmed another Id. to finish with unsatisfied buyers at 17s 6d. Shipping shares were generally firm with recent levels, and the coal section was unchanged. Broken Hill Proprietaries lost further ground, to finish with a final market between £2 18s 6d and £2 19s 9d, but Sydney Woolworths recovered 3d to be wanted at £1 Is 6d. Dominion securities quoted were firm with recent rates, but again there was no zest in the demand for any issue. Dunedin Breweries were a shade firmer with a sale at £1 10s 9d, and more wanted at the same figure. YESTERDAY'S TRANSACTIONS Sales on 'Change Afternoon Call

The following are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— GOVERNMENT LOANS

DIVIDENDS PAYABLE The following is a list of shares on which dividends will shortly be payable;—

Hume Pipe (Australia), Ltd. —lnterim at 6 per cent, per annum Mar. 3i Barnett Glass Rubber Interim, pref. 4 per cent. ord 3£ per cent .. Mar. 31 Felt and Textiles half-year, ord. 10 per cent. per annum Mar 31 Cox Bros. —Interim at 15 per cent, per annum Mar 31 Mackintosh Caley Phoenix, Ltd.—3J per cent, per annum Mar. 31 Dunlop Perdriau half-year, cum pref. 5 per cent,; and 3J per cent. .. Mai 31 Bond’s Hosiery Mills—6 per cent, per annum Mar. 31 United Building Society, Christchurch Final at 5 per cent, per annum .. Apl, 1 Bank of Australasia —Final at the rate of 8 per cent, per annum Apl. 1 N.Z. Guarantee Corporationinterim lid per share .. Apl. 1 Claude Neon. Ltd.—interim 7i per cent Apl, 1 James Stedman - Henderson Sweets interim second pref, half-yearly at 10 per cent, per annum .. .. Apl 1 Cash Orders (Amalg.), Ltd.interim quarterly at 10 per cent, per annum .. .. Apl, 1 Nestles and Anglo-Swiss Milk —quarterly, pref. at 8 per cent, per annum .. .. Apl. 1 Myer Emporium interim ord., 3 per cent. .. .. Apl 2 Pukemiro Collieries —interim 2i per cent. .. .. ... .. Apl. 4 Woolworths (W.A.), Lfd.flnal 15 per cent., making 20 per cent, per annum .’. .. Apl 5 Permevyan, Wright, Ltd.—final 5 per cent., making 10 per . cent, per annum Apl. 5 N.Z. Crown Mines —3d per share (less income tax) .. Apl 6 Lustre Hosiery .. Ltd.—final half-yearly . 4 per cent., making 73 .per. cent per annum Apl 6 Howard Smith—Finn] ord. 3 per cent, at 5 per cent, per

annum, quarterly pref at 6 per cent, per annum Apl 6 Amalgamated ■ Zinc halfyearly. at 5 per cent, per annum Apl. 8 Milne and Choyce. Auckland -Interim half-year, pref. at 6 per cent per annum; B pref at 7 per cent, per annum and debentures at 5 per cent per annum Apl. 0 Kempthorne. Prosser. N.Z Drug—4l per cent., making 8 ner cent for the vear and bonus of 5s per share Apl 12 Yarra Palls—lnterim old Is: new 3d Apl 14 South British Insurance interim, BJd per share .. Apl 14 VVoolworths. Ltd.—final 9 per cent Apl 15 Woolworth? (N.Z.)—lnterim pref., 4i per cent. . ■ Apl 15 Associated Newspapers. Sydney—interim ord. and prof 2 per cent Apl 28 United Provisions pref. at 8 per cent per annum • ■ Apl 30 E.S and A Bank—interim 3.1 per cent, dess English income lax) ■ • Mav Hi Imperial Chemicals. Ltd.final 51 per cent., making 81 per cent, per annum . Juno 1 LONDON WOOL SALES (United Press Association) (By Electric Telegraph—Copyright) LONDON, Mar. 28. At the wool sales 6847 bales were offered, including 2902 from New Zealand. Altogether 5774 bales were sold. There was a moderate selection and a brisk demand, a good clearance being effected. New Zealand greasy merino: “Moeraki,” 10,}d and llid, Greasy crossbred: “Te Peru,” 9ifd and 10;]d. SHARE QUOTATIONS (United Press Association) (By Electric Telegraph—Copyright) LONDON, Mar. 28. Share quotations: Clutha River, buyers Is 7Ad. sellers Is 10id; Molyneux River, buyers 10id, sellers Is lid.

NORTHERN EXCHANGES AUCKLAND Sales on ’ Change

WELLINGTON

CHRISTCHURCH

LONDON WHEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, Mar. 28. Wheat cargoes are steady. Parcels are steady. Futures: London—March 40s 6d, May 39s 6d; Liverpool—March 6s 73d, May 6s BJd. July 6s Bd, October 6s 7id. Chicago wheat quotations: May, 86J cents per bushel; July, 82J; September, 831. MOUNT LYELL' SHARES (United Press Association) (By Electric Telegraph—Copyright) LONDON, Mar. 28. Mount Lyell shares are quoted at 22s 6d. COMPANIES REGISTERED The Mercantile Gazette notifies the registration of the following companies:— Dunedin Amalgamated Construction Company, Ltd. Registered as a private company March 4. Office: Trades Hall, 326 Moray place, Dunedin. Capital: £IOOO into 1000 shares of £1 each. Subscribers: Dunedin—A. S. MacTavish 200. M. Williams 200, J. S. Henderson 200, W, J. Rainbow 200. Ravensbourne —L. F. Evans 200. Objects: Builders and contractors, etc., and incidental. Cambridge Self-sharpener Ltd. Refistered as a private company March 1. Capital: £6OOO into 6000 shares of £l. each. Subscribers: Dunedin—C. Newman 768, F. E. Tyson 384, J. McAra 768; Omarama—A. S. Cambridge 3840 Orari—G. A. Kain 240. Objects; To acquire certain letters patent for an invention in relation to improvements for lawn mowers, known as The Cambridge Self Sharpener,” and to deal m such invention and incidental. Clyde Investment Company, Ltd. Re - gistered as a private company March 14. ■ Office: 163 Rattray street, Dunedin. Capital: £6OOO into 120 shares of £SO each. Subscribers: Dunedin —A. T. Hall 80, A. McMillan 40. Objects: Financiers, etc., and incidental.

MINING NEWS RIMU DREDGE RETURN (Per United Press Association) HOKITIKA, Mar. 29. The dredge return was 214.30 z for 103 i hours; 37,367 yards were treated. OKARITO RETURN The Okarito Five Mile Beach Gold Dredging Company, Ltd., reports a wash-up of 15oz for 60 hours’ drdeging. The loss of time during the week was due to a breakage in the main pipe line caused by the recent floods. LORNEVILLE STOCK SALE FAT SHEEP PRICES EASIER (Per United Press Association) INVERCARGILL, Mar. 29. There were 563 fewer fat sheep yarded than last week at Lorneville to-day, but owing to congestion at the freezing works there was only one freezing buyer operating, with the result that values were easier than last week. Fat lamb prices were quite up to schedule, and values for fat cattle were firm. Fat Sheep.—Prime heavy wethers made up to 275; prime mediumweights, 23s 6d to 255; and lighter, from 20s to 225; prime heavy ewes made from 17s to 18s; medium-weights, from 15s to 16s; lighter, 13s to 14s: and freezing ewes, 10s 6d to 12s. \ Fat Lambs.—Prime heavy lambs made up to 275; prime mediumweights, 24s to 255; lighter, from 21s to 225; and medium quality. 17s 6d to 18s 6d. Fat Cattle.—Prime medium-quality bullocks realised from £ll to £l2 ss; light, from £9 to £10; and smaller, down to £8; prime medium-qualitv heavy heifers, up to £9 15s; medium £6 10s to £7; lighter and poorconditioned sorts, down to £5 10s; prime heavy cows, from £7 to £7 15s; medium sorts, £5 to £6; runners, £2 to £2 15s; and vcalers. £1 to £1 10s. AUSTRALIAN STOCK EXCHANGES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, Mar. 29. (Received Mar. 29, at 10.30 p.m.) Brighter conditions prevailed to-day and business was widely spread. The tone of the market was very firm and healthy. THE MORNING SALES

SYDNEY WOOL SALES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, Mar. 29. (Received Mar. 29, at 10.30 p.m.) At the wool sales 10,135 bales were offered, 9334 being sold, and 1008 privately. There was keen and general competition, the market being firm, with a hardening tendency. Excellent clearances were effected. Greasy merino realised to 18Jd. NEW ZEALAND LAUNDRY, LTD. EARNINGS FURTHER IMPROVE (Special to Daily Times) AUCKLAND, Mar. 29. Further improvement in earnings is recorded in the accounts of New Zealand Laundry, Ltd., for the year ended January 31. The net profit for the year was £4291, against £3496 in 1937 and £2727 in 1936. The directors again recommend a dividend of 6 per cent, for the year, a rate which has been maintained since the company was officially listed on the Auckland Stock Exchange in 1935. THE BRADFORD MARKET (United Press Association 1 (By Electric Telegraph—Copyright) LONDON, Mar. 28. The Bradford market is firm and unchanged. PRICE OF FINE GOLD i United p ress Association) (By Electric Telegraph—Copyright) LONDON, Mar. 28.

DOLLAR AND FRANC LONDON, Mar. 28. Exchange on New York is quoted at 4.955 dollars to the £, and on Pads at 164£ francs.

FOREIGN EXCHANGES (British Official Wireless) (United Press Association) (By Electric Telegraph Copyright)

ON NEW ZEALAND CURRENCY BASIS The Bank ot New South Wales, Dunedin, quoted the following rates for purchases and sales of foreign cichansc yesterday:— Roving Selltnu

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 £1 (Per £ 1 N.Z.) N.Z.) Se'ling- Dels Dnls T.T. .. .. 3.97 11-16 3.99 J O.D 3.98 J 4.00 5-16 Buying— O.D.' .. .. 4.02 4.04 5-16 LONDON METAL MARKET (United Press Association) (By Electric Telegraph— CoDflrleht' LONDON? Mar. 28.

£ s. dl. Mount Lycll (3) 1 tl 0 Sates Reported 4 p.c. Stock. 1946-49 104 fi 0 Gillespie's Beach 0 0 IDS Sales Reported After Last Call Dunedin Breweries .. .. 1 10 9 Broken Hill South (II!) 1 10 9 North Broken Hill 2 7 «

Buyer. Seller, £ 3. d. £ s. <1. 3J P;C. Stock. Nov., 1938-52 103 0 0 —• 34 p)C. Stock. Mar.. 1939-43 — 100 10 0 3i p.c. Stock, May, 1939-52 102 10 0 — 34 p.c. Stock. Mar., 1941-43 100 10 0 —• 3i p.c. Stock, Sept., 1941-43 100 10 0 — 31 p.c. Stock, May, 1941-52 102 10 0 — 34 p.cV Stock. Nov,, 1941-52 102 to 0 —• 3 p.c. Bonds, 1939-41.. 97 10 0 — 3 p.c. Stock, 1939-41.. 97 10 0 —• 4 p.c. Bonds, 1943-46., 102 0 0 — 4 p.c. Stock, 1943-46:. V ' — 102 19 0 4 p.c Bonds 1946-49. 104 0 0 — 4 p.c. Stock. 1946-49.. 104 0 0 —• 4 p.c. Bonds, 1952-55.. 104 0 0 —• 4 p.c. Stock, 1952-55.. 104 0 0 — 34 p.c. Bonds, 1953-57 98 0 0 — 34 p.c. Stock. 1953-57.. 98 5 0 MINING Big River (Is) .. .. — 0 1 3 Clutha River (2s) 0 1 6 0 2 ■ 6 Gillespie’s Beach (Is) 0 0 9 — Grey River .. .. 0 12 5 0 121 no Martha (5s) 0 14 0 — Molyneux River (2s) 0 0 9 0 i « NWssy Creek (Is) 0 1 0 —■ Nokomai (5s) .. .. — 0 2: ;i Okarito (5s) .. — 0 2 6 Paddy’s Point (5s) .. — 0 i. 3 Sandhills (Is), .. .. 0 0 1 0 0 3 Walpapa Beach (Is) .. — 0 0 2 Waitahu (5s) ,. .. — 0 3. 0 BACKING A’asia (£5) .. — 10 6 0 N.S.W. (£20) —* 32 2» 0 N.Z. (£D ■ • 2 3 • 9 .N.Z, (long D: £!)-.. ■ 1 •9 0 I to u Commercial (10s) •0 15 11 —■ Commercial of Sydney (£12 10s) . . — 21 0 0 E.S, and A. (£3) ., — 5 5 0 Natl, of N.Z. (£2 10s) 2 14 0 — Union (£5) .. .. — 8 16 0 INSURANCE National (7s) .. 0 17 6 — SHIPPING Howard Smith (£ 1) .. — 1 3. 6 Huddart, Parker (ord,; £1) 2 5 0 2 6 6 Huddart. Parker (pref. £1) .. .. .. .. 1 7 6 — P. and O. Del Stock (£1) \ •• 1 2 0 —’ U.S.S. Co. (prof.: £1) 1 6 10 MEAT PRESERVING N.Z. Ref rig. (paid: ’ £D 0 18 2 — N.Z. Refrig (cont.; 10s) ~ 0 8 i South. Frozen Meat (paid: £D • • 1 7 3 1 « 0 GAS Christchurch (£1) .. 1 7 9 — WOOLLEN COMPANIES Wellington (ord.: £5) — 5 6 i9

LOAN AND AGENCY Datgety and Co. (£5) — 8 15 0 Uoiasorough, Mori (£1) .. 1 10 0 — Natnl. Mortgage (£2) — 2 6 0 N.Z. Loan and M. (ord.; £100) .. .. — 40 0 0 N.Z. Guarantee Corp. (3s) — 0 4 8 Otago Farmers (3s 4d) 0 2 9 — Trustees Executors (£2) 3 lo 0 — Wright, Stephenson (pref.; £1) .. .. 1 0 9 — COAL Kaitangata tl0s) — 1 10 0 Westport (10s) 1 3 2 1 3 8 Westport - Stockton (prel.; 10s) .. .. 0 5 3 — MISCELLANEOUS Anthony Hordern (£1) — 0 18 9 Associated News (£1) — 1 2 0 Aust F Trust — 0 0 6 Australian Glass (£1) — 4 11 0 British Tobacco (£1) — 2 8 9 Broken Hill Pty. (£1) 2 18 6 2 19 9 Broken Hal Pty icont.; 5s) — 1 10 6 Brown, Ewing (ord.; £1) — 1 0 6 Brown, Ewing (pref.; £1) 1 0 0 — Colonial Sugar (£20) 46 5 0 — Consolidated Brick (£1) — 0 8 0 Crystal Ice (£1) 2 1 0 — D.I.C. (ord.; 10s) — 0 15 0 D.l.C (pref., £1) .. 1 3 9 — Dominion Fertiliser (£1) 1 3 6 _ Dominion Fertiliser (Debs.) 102 0 0 — Dominion Rubber (£1) — 1 5 b Stock Exchange Pty. (£1) 2 2 0 — Dunlop Perd Rubber (£1) 1 1 9 1 2 9 Felt and Textiles — 1 15 0 G. J. Coles (£1) .. — 4 0 0 Milburn Lime (£1) — 2 0 0 Mort’s Dock (£1 0 9 0 — McKenzies Stores — 3 10 6 Moturoa Oil (pref,; 5s) — 0 5 0 Natl Electric (£1) . — 0 15 6 N.Z. Drug Co. (£2) — 3 15 0 N.Z Paper Mills (£1) — 1 6 it Regent Theatre (£1) 0 19 0 — Shillings, Ltd (£1) ., 0 18 0 Taranaki Oil (£1 4s 7d) ... . .. 0 6 1 0 6 6 Woolworths (ord.; £1) 1 1 6 — Woolworths (Sydney) 1 1 6 Woolworths (S.A.) ,, 0 15 4 —

BREWERIES N.Z. Breweries (£1) — 2 5 9 Dominion (£1) .. ... — 1 18 0 Dunedin (£1) .. 1 10 9 — AUSTRALIAN MINING Broken Hill South (5s) _ 1 11 3 Electro. Zinc (pref.; £X) .. — 2 8 0 Electro. Zinc (ord.; £ I) — 2 3 0 Mount Lyell (£1) 1 7 6 1 8 0 Mount Morgan (2s 6d) — 0 9 7 Mount Morgan (pref.; 4s) 0 5 1 0 5 e North Broken Hill (5s) 2 7 9 2 9 0 Placer Developments — 2 14 0 UNLISTED STOCKS Carbonic Ice (£1) 1 2 0 _ Security Finance (£1) — 0 13 6 A. and T, Burt (pref.; £1) 0 11 0 0 13 0 Wholesalers, Ltd. (15s) — 0 IS 0

£ s. d. Stock, 1943-46, 4 p.c 102 7 6 Stock. 1946-49, 4 p.c 104 7 6 Bank of New Zealand .. .. 2 3 3 Northern Steam (paid) .. 0 4 4 Broken Hill Pty 2 19 3 New Zealand Newspapers .. 1 17 6 Northern Roller Mills (pref.) 1 1 6 Woolwrths (Sydney) .. .. 1 1 8* Gillespie’s Beach 0 0 10 Broken Hill South 1 11 3 Woolworths (holdings; S.A.) 0 15 4 Unlisted Stock Coromandel Gold 0 1 5

Sales on ’Change Union Bank (late Monday) 8 15 0 Bank of New South Wales (Sydney register: late Monday) 32 0 0 Woolworths, Ltd. (ord.: late Monday) 1 1 11 Woolworths. Ltd. (first pref.; late Monday) 2 1 3* 4 p.c. Stock, 1946 (2) .. . 102 7 6 4 p.c. Stock. 1949 104 7 6 3J p.c. Stock, 1938-52 .. .. 103 5 0 Wellington Hospital Board. 4 p.c., 1943 102 10 0 Comm. Bank of Australia .. 0 18 0 Bank of New Zealand (4) 2 3 3 Carlton Brewery 3 5 15 Electrolytic Zinc (pref.: 2) 2 4 3 2 4 0 Woolworths (holdings) 0 15 4 Unlisted Stock Whakalanc Paper Mills .. . 0 5 9

Sales on 'Change Bank of New Zealand (4) 2 3 3 Electrolytic Zinc 2 4 0 (3) 2 4 4 G. J. Coles 3 18 8 3 19 2 3 19 3 3 19 4 Taranaki Oilfields .. .. 0 6 0 Woolworths, Ltd. (ord.; cum div.; 2) 1 1 10 (3) 1 1 9 Grey River (10s paid; 2).. 0 ,12 8 Broken Hill South (6) 1 10 6 (4) 1 10 9 Mount Lyell 1 8 0 (4) 1 7 11 Mount Morgan 0 9 6 0 9 54 (2) 0 9 5 North Broken Hill .. .. 2 8 3 Mount Morgan (pref.; 4s paid) J .. 0 5 3 Sales Reported N.Z. Govt. 4 p.c. Stock, 1946 102 10 0 N.Z. Govt 4 p.c. Stock. 1949 104 7 6 South Otago Freezing .. ,. 5 8 6 Gordon and Gotch .. 2 12 6 Gillespie’s Beach 0 0 10 Mount Lyell .. .. .. ,. 1 8 3 Unlisted Stock Ballin’s Breweries .. .. 0 12 0

£ s. d. Commonwealth Bonds— 4 p.c., 1938 101 11 3 4 p.c., 1947 102 17 6 4 p.c., 1955 Bank of New South Wales 104 17 6 32 2 6 Union Bank ., 8 10 0 Tooths 2 14 9 Associated News 1 1 4 h Associated News (pref.) .. 1 3 6 Australian Glass 4 11 0 Broken Hill Proprietary ., 3 0 0 Colonial Sugar 47 7 6 Electrolytic Zinc 2 2 6 General Industries .. .. 0 19 104 Goldsbrough, Mort .. .. 1 10 9 ADDITIONAL SALES Bank of New South Wales.. 32 5 0 Commercial Bank of Sydney 20 17 0 Commercial Bank of Australia 0 16 3 E.S. and A. Bank 5 3 0 National Bank (£10 paid) 14 3 0 Union Bank 0 8 10 Bank of Australasia .. .. 10 1 0 United Insurance 10 2 6 47 7 6 Howard Smith 1 1 6 Huddart. Parker 2 7 0 Burns, Philp 2 14 0 Berlei 2 0 6 British Tobacco 2 9 0 Tooths 2 15 0 Tooheys (ex div.) 1 11 0 Australian Glass 4 10 9 Dunlop Perdriau 1 2 6 Farmers 1 10 3 David Jones • .. .. . • .. 2 2 0 Hordern .. •• 0 19 0 General Industries .. .. 1 0 0 Mort’s Dock 0 11 0 Mauri Bros 3 9 6 Permanent Trustee .. .. 0 19 6 Producers’ General (pref.) 0 11 6 J. Feilding 3 18 0 Standard Cement 0 19 9 Woolworths •• 1 2 44 New Zealand delivery .. 1 2 44 (first pref.) 2 1 6 Wunderlich 1 1 44 Goldsbrough, Mort .. .. 1 10 9 Winchcombe, Carson .. .. 1 10 0 Wilcox, Mofflin 0 10 0 Henry Jones 2 9 0 Mount Morgan • 0 9 8 Mount Lyell .. 1 8 3 Broken Hill Proprietary .. 3 0 3 North Broken Hill .. •• 2 8 6 Zinc Corporation 4 10 0 Kuala Kampar 0 16 8 MELBOURNE, Mar. 29. The Exchange was steady. £ s. d. Commercial Bank of Australia 0 16 2 National Bank (£10 paid) 14 5 0 Coles .. .. .. .. 4 0 0 Drug Houses of Australia.. 1 5 9 Australian Glass . . 4 10 6 Dunlop Perdriau 1 2 6 (pref.) 1 18 6 Australian Paper Manufacturers (pref.) 1 6 0 Victoria Nyanza 0 14 6 Electrolytic Zinc 2 2 0 (pref.) 2 5 0 Mount Lyell 1 8 6 Broken Hill Proprietary ,. 3 0 0 (new issue) 1 10 3 North Broken Hill .. •• 2 7 6 South Broken Hill 1 11 n Emperor . 0 12 8 Loloma 1 3 3

£ s. d. March 28 7 0 3 March 26 7 0 31 March 25 7 0 2 March 24 7 0 U U March 23 7 0 March 22 7 0 n March 21 6 19 111 March 18 7 0 51 March 17 7 0 01

RUGBY, Mar. 28. Paris— Par. Mar. 25. Mar. 28. Francs to £1 124.21 163 15-16 164 9-16 Brussels — Bclgas to £1 SO 29.444 29.42 Oslo— Kroner to £1 18.180 19.90 19.90 Stockholm— Kroner to £ 1 18.130 19.404 19.401 Copenhagen— 22.40 Kroner to £ 1 18.150 22.40 Berlin— Marks to £1 20.34 12.37 12.364 Montreal — 4.988 Dollars to £ 1 4.86 2-3 4.088 New York— Dollars to £1 4.86 2-3 4.955 4,96 Yokohama— Pence to yen 84.582 13 31-32 14 Hongkong— 14 13-16 Pence to dollar 24,58 MI Bombay— ISi Pence to rupee i ISi Batavia— Florins to £ 1 12,10 8.96 8.95 Milan— 1-Ire to £1 .. 82.40 944 944 Amsterdam— 8.96 15-16 Guilder to £ 1 I2.107 8.97 Prague — 142 B-16 Kroner to £1 1044 112 1-10 Geneva— 21.97J Francs to £1 25.224 21.66 Vienna— Schillings to *64 £1 .. .. 84.804 264 Helsingfors— 2264 Marks to £1 193.23 226J Madrid— Pesetas to £ 1 25.224 — — Belgrade— 216 "Dinars to £1 25.224 216 Athens— Drachmas to 5474 £1 .. .. 375 5474 Lisbon— 110 3-16 £1 .. .. no 110 3-16 Bucharest— 0774 Lei to £ 1 .. 931.6 6174 Rio rie JaneiroPence to mllrels 5.890 2 13-16 2 13-16 Buenos Aires — Pence to pesos 47.22 — Shanghai— 14 J 12 Pence to tael — Montevideo — 2! 201 Pence to pesos — Warsaw — Zlotys to £1 - 26.43 26.48

London— £N.Z lo CslC 100 ... r.T 124,-/-124/10/ O D 123/10/124/8/9 Australia— £ A. to £100 N.Z. T.l 101/-/-100/10/ on 101/-/-100/10/ Fiji— C F, to £100 N.Z t.t 00/7/0 59/-/ O.D on/7/fi 39/-/ New York— Dollars to £ N.Z T.T 4.012S 3.9779 O.D 1.0225 3.9819 Montreal— Dollars to £ N Z T T 1,0343 4.0018 OD 4.0163 4.0053 Austria — Schillings to fi N.Z. .. .. t.l. on — — Belgium— Beltras to C N.® T.T 23.310 23.530 O.D 23.015 23.511 Czechoslovakia— Crowns to £ N.Z T.T . 113.19 OO — 113.24 Denmark— Kronor to C N.Z T.T 18,203 17.899 on 18.263 IT 899 Finland— Marks to £ N.Z T.T 184,05 179.15 O.D 185,35 179.25 France— Francs to fi N.Z T.T 130.44 on — 130.48 Germany— Belchsmarks to £ N.Z .... T.T. 9,860 O.D. — 9.863 Greece— Drachmae to fi N.Z. .. T.T. 429.51 O.D, — 129.84 Holland— Florins to C N.Z TT 7.800 'T.l 59 O.D, T.S49 T.163 Italy— Lire to fi N.Z T.T r ... T5.53 OD — 75.58 Java— Florins to £ N.Z T.T ' 7.233 7.133 O.D 7,323 T.13I Norway— Kroner lo £ N.Z r.i 16.132 15.892 OD 16.242 15,898 Noumea— Francs to £ N.Z r.T 129.19 OD — 129.28 Papeete— Francs to £ N.Z T.T 129.24 O.D — 120.28 Sweden— Kroner to fi N.Z. T.T 15.793 15.498 on 15.653 15.504 Switzerland— Francs to £ N.Z T.T 17.567 17.317 on 17.692 17.322 Chef oo— N.Z. pence to I dollar .. .. T.T. O.D. — — Hongkong— N.Z. Pence to 1 dollar T.T 13 1-64 IS 25-64 OD IT 63-64 18 25-64 India and Ceylon— N.Z Pence to 1 runes .. .. r.T. 228 22 21-32 O.D 22 11-82 22 21-3? Japan— N.Z. pence to 1 yen r.T. 17 31-64 O.D — IT 31-01

Manila— N.Z. pence to 1 oeao , , .. r.T 23 21-32 30 5-32 O.D 19 0-16 30 5-32 Shanchal— N.Z. pence to i dollar .. r.T. — ■_ O.D — — Singapore— N.Z. pence to 1 dollar , , .. r.t SI 17-S2 35 1-64 O.D 34 T-10 35 1-64 ill rales subject to alteration without notice

The following arc the official metai quotations:Copper, apot ,, . Ton £38 13 I'/a Fall £0 IS I'/a Copper, forward 38 18 • '/* Fall 0 IS 9 Electrolytic, apot 42 10 0 Fall 0 IS 0 Electrolytic, forward. 43 10 0 Fall 0 15 0 Wire ban .. , 43 10 0 Fall 0 IS 0 Lead, apot .. . 16 7 6 Rise 0 1 3 Load forward .. 16 8 IV, Rise 0 1 3 Spelter, apot ., . 14 3 I'/a Fall 0 4 4'/a Spelter, forward .. 14 3 I'/a Fall 0 S 0 Tin. apot 183 1 3 Fall 1 8 9 Tin. forward .. .. 183 7 6 Fall 1 10 0 Silver, atandard Silver, flue Or. 21 3-l6d Fall Fall 13- IM