Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on April 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.

Buying. Selling.

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

Western Samoa—Through

Bank Of N. 2.

Exchange, Australia, on Western Samoa, basis £100 Samoa—selling £A100/-/-, buying £A100/10/-.

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

Direct Telegraphic Transfer.

Selling Rates.

Quoted by

Bank Of New South Wales

in Australia.

Australia on Papaate.

Australia on Noumea.

New Caledonia—Through

French Bank.

Drafts, Sydney-Noumea and Noumea-Sydney, are on the basis of current rate of exchan e on Paris, less 1 per cent, either way. As quoted by the Comptoir National, in Sydney, and the Bank of Indo-Chine, Noumea: On April 15, when the Australian £ was nominally worth 57.5 francs, £100 Australian would purchase a credit in Noumea of 5,750 francs.

New Guinea And Papua

Through Commonwealth

Bank.

From Australia, Pt. Moresby, £1 per cent., on Rabaul 10/- per cent —other N. Guinea districts £1 per cent. hrom 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, £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 as Australia on London, and vice versa.

Buying. Selling.

Telegraphic transfer.. .. 125 0 0 On demand £123 0 0 124 17 6 30 days 122 IS 0 124 15 0 60 days 122 10 0 124 12 6 90 days 122 5 0 124 10 0 120 days 122 0 0 124 7 6

Average for week ended 25/3/35 .. 56.74 Francs to £ Australian Average for week ended 1/4/35 .. 57.11 Average for week ended 8/4/35 .. 57.42 Average for week ended 15/4/35 .. 57.58

Average for week ended 25/3/35 .. 57.58 Francs to £ Australian Average for week ended 1/4/35 .. 57.56 Average for week ended 8/4/35 .. 56.84 Average for week ended 15/4/35 .. 57.38