LONDON MARKETS

Sun (Auckland), Volume II, Issue 388, 23 June 1928, Page 12

LONDON MARKETS

FOREIGN EXCHANGE RATES (United P.A. — By Telegraph — Copyright) (Australian P.A.—United Service) Reed. 10 a.m. LONDON, Thurs. Foreign rates of exchange June 22, compared with par rates, or as averaged first half of 1914, are:—

Bank of England Returns The Bank of England returns for the week ended June 21, as compared with those for the week ended June 14, are as

Short Loans and Bills Short loans, 33 per cent., same as last week; three months’ bills, 3 25-32 per cent., compared with 3% per cent, last week.

Paris, francs June 22 34.94 124.18 June 18 34.95 124.15 Par 25.22?, 25.22} Stockholm, knr. 18.19 18.19 18.12 Oslo, knr 18.23 18.23 18.12 Copenhagen, kr. 18.21 IS.21 18.12 Berlin, Reichm. 20.41 20.42 Rome, lire .. .. 92.88 92.75 25.22} Calcutta, pee . 17 15-16 17 31-32 24 Yokohama, pee 22 15-16 22 13-16 24.43 Hong-Kong, pee Montreal, dol. . New York, dol. 24} 24 11-16 4.89 1-16 4.89 5-16 4.87 31-32 4.88 1-8 24 4.866 Amsterdam, fl. Batavia, fl. 12.095 12.12 12.10 12,12

Consols and Colonial Stocks June 21 June 14 £ s. d. £ s. d. Consols • 56 0 0 56 5 0 Brit.. Wr. Ln., 5 p.c. 101 12 6 101 12 6 Conversn. Ln. 31 p.c. 78 0 0 78 0 0 Commonwealth Aust. 51 p.c., 1922-27 98 10 0 9S 12 6 Commonwealth Aust. 6 p.c., 1931-41 .. 102 17 6 103 0 0 N.Z., 4 p.c., 1929 . . 99 5 0 99 5 0 N.Z. 31 p.c., 1940 .. S7 2 6 87 5 0 N.Z., 3 p.c., 1945 .. 78 17 6 78 17 6 N.Z., 6 p.c., 1936-51 108 15 0 108 12 6

follow s:— June 21. June 14. £ £ Note 135,026,000 135,073,000 171,690,000 168,099,000 56,414,000 52,776,000 Govt. deposits 24,433,000 IS,250,000 Other deposits 98,122,000 102,793,090 securities . . 81,663,000 Other securities . . 53,378,000 51,668,000 Proportion of re46.00 43.50 serve to liabilities