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APPENDIX

EXCHANGE RATES In conformity with the appreciation of the exchange value of New Zealand currency to parity with sterling, trading banks were quoting the following rates at the 31st March, 1949 : New Zealand on London* (On the basis of £(stg.)100) Buying. Selling. Telegraphic transfers .. £(N.Z.)IOO 7 6 £(N.Z.)IOI 0 0 Air Mail Air Mailf Sea Mail. and Sea Mail. On demand .. £(N.Z.)IOO 0 9 £(N.Z.) 99 16 9 £(N.Z.)IOI 0 0 3 days' sight .. „ 100 0 0 99 16 0 No quotation. 30 days' sight .. „ 99 17 3 „ 99 13 3 £(N.Z.)IOO 19 3 60 days' sight .. „ 99 14 0 „ 99 10 0 „ 100 18 6 90 days' sight .. 99 10 9 99 6 9 „ 100 17 6 120 days' sight .. 99 7 6 „ 99 3 6 No quotation. Sterling notes .. £(N.Z.) 98 1 9 £(N.Z.)IOI 0 0 London* on New Zealand (On the basis of £(stg.)100) Buying. Selling. Telegraphic transfers .. £(N.Z.)IOI 0 0 £(N.Z.)IOO 7 6 ■ Air Mail Air Mailf. Sea Mail. and Sea Mail. On demand .. £(N.Z.)IOI 8 6 £(N.Z.)IOI 17 6 £(N.Z.)IOO 7 6 30 days' sight .. „ 101 15 3 „ 102 4 3 No quotation. 60 days' sight .. „ 102 2 0 „ 102 11 0 90 days' sight .. „ 102 8 9 „ 102 17 9 120 days' sight .. „ 102 15 6 „ 103 4 6 New Zealand on Other Countries Australia — Buying. Selling. Telegraphic transfers £(A,)124 10 9 per £(N.Z?)lO0- £(A.)124 0 0 per £(N.Z.)IOO On demand ... „ „ Australian notes .. £(A.)126 14 '3 per (£N.Z.')IOO Canada — Telegraphic transfers $402• 95 per £(N.Z.)IOO $396• 96 per £(N.Z.)IOO OndemandJ .. $404-45 Canadian dollar notes and coin .. $4ll-53 „ „ United States of America — Telegraphic transfers $402• 95 per £(N.Z.)IOO $396 ■96 per £(N.Z.)IOO OndemandJ .. $403-69 U.S. dollar notes and coin .. .. $4lO-75

* These rates apply to all parts of the British Isles. + Customer pays air-mail postage. J Sea-mail.

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