Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on September 18:

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand.

Australia on Fiji on basis of £100 Fiji: Buying £A111, selling £A113/10/-.

Fiji-London on basis £100 London.

Western Samoa—Through

Bank Of N.Z.

Exchange Australia, on Western Samoa, basis £100 Samoa—selling £A113/15/-, buying £A110/15/-.

Exchange, Samoa on London, basis £100 in London :

Direct Telegraphic Transfer.

Selling Rates.

Quoted by

Bank Of New South Wales

in Australia.

New Caledonia—Through

French Bank.

Drafts, Sydney-Noumea and Noumea-Sydney, are on the basis of current rate of exchange on Paris, less 1 per cent, either way. As quoted by the Comptoir National, in Sydney, and the Bank ct

Indo-Chine, Noumea; On September 18, when the Australian £ was nominally worth 58.8 francs, £100 Australian would purchase a credit in Noumea of 5,880 francs.

New Guinea And Papua

Through Commonwealth

Bank.

From Australia, on Rabaul and Pt. Moresby, £1 per cent.

From Rabaul on London, same as Australia on London:— Buying T.T. £A125 equals £stg. 100.

Selling T.T. £A125/10/- equals £stg, 100.

Through Bank Of N.S.W.

Australia, on Papua and New Guinea, £1 per cent, premium each way, equivalent to commission of £1 per cent.

Papua and New Guinea, on London: Same a» Australia on London, and vice versa.

Buying. Selling.

Telegraphic transfer .. £F110 15 0 £F112 0 0 On demand £F110 12 6 £F111 17 6

Buying. Selling.

Telegraphic transfer.. .. £112 5 0 On demand £110 7 6 112 2 6 30 days 110 2 6 112 0 0 60 days 109 18 9 111 17 6 90 days 109 15 0 111 IS 0 120 days 109 11 3

Australia on Papeete.

Average for week ended 27/8/34 .. .. 59.67 Francs to £ Australian Average for week ended 3/9/34 .. .. .. 58.99 Average for week ended 10/9/34 .. .. 58.74 Average for week ended 17/9/34 .. .. 58.92 Australia on Noumea.

Average for week ended 27/8/34 .. .. 59.47 Francs to £ Australian Average for week ended 3/9/34 .. .. 58.79 Average for week ended 10/9/34 .. 58.54 Average for week ended 17/9/34 .. .. 58.72