Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on October 15:—

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 October 15, when the Australian £ was nominally worth 57.95 francs, £100 Australian would purchase a credit in Noumea of 5,795 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. £A12S equals £stg. 100.

Selling T.T. £A12S/10/- equals 100

Through Bank Of N.S.W.

Australia, on Papua, £1 per cent, premium each way, equivalent to commission of £1 per cent.; Australia, on Rabaul, 10/- per cent, premium.

Papua and New Guinea, on London: Same a s 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 15 0 120 days 109 11 3

Average for week ended 24/9/34 .. 58.81 Australia on Papeete.

Francs to £ Australian Average for week ended 1/10/34 .. 58.65 Average for week ended 8/10/34 .. 58.29 Average for week ended 15/10/34 .. 58.19 Average for week ended 24/9/34 .. 58.61 Australia on Noumea.

Francs to £ Australian Average for week ended 1/10/34 .. 58.45 Average for week ended 8/10/34 .. 58.09 Average for week ended 15/10/34 .. 57.99