Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on December 17:

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.

Buying. Selling.

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

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, arc 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 of Indo-Chine, Noumea: On December 17, when the Australian £ was nominally worth 59.50 francs, £100 Australian would purchase a credit in Noumea of 5950 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. £ A125/10/- equals £stg s 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?

Australia on London, and vice versa.

A rubber smoke house on Kanosia Estate, Papua, the property of Messrs.

Clarke and Whiting, was burnt to the ground with all the contents on Novem ber 3. There were 10,0001bs. of rubber in it, but the premises were insured.

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

Australia on Papeete.

Francs to £ Australian Average for week ended 26/11/34 .. 59.43 Average for week ended 3/12/34 .. 59.34 Average for week ended 10/12/34 .. 59.98 Average for week ended 14/12/34 .. 58.92 Australia on Noumea.

Francs to £ Australian Average for week ended 26/11/34 .. 59.23 Average for week ended 3/12/34 .. 59.14 Average for week ended 10/12/34 .. 59.78 Average for week ended 14/12/34 .. 58.72