Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on July 22:

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—buying £A100, selling £A100/10/-.

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 cf Indo-Chine, Noumea; On July 22, 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, Pt. Moresby, £1 per cent., on Rabaul 10/- per cent.—other N. Guinea districts £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.3.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.

Rev. R. Lister Turner, of the London Missionary Society, and a non-official member of the Legislative Council of Papua, arrived in Sydney in July after a visit to Europe.

Australia on Papeete Francs to £ Australian Average for week ended 24/6/35 .. 58.53 Average for week ended 1/7/35 .. 58.45 Average for week ended 8/7/35 .. 58.50 Average for week ended 15/7/35 .. 58.73 Average for week ended 22/7/35 .. 58.64 Australia on Noumea Francs to £ Australian Average for week ended 24/6/35 .. 58.33 Average for week ended 1/7/35 .. 58.25 Average for week ended 8/7/35 .. 58.30 Average for week ended 15/7/35 .. 58.53 Average for week ended 22/7/35 .. 58.44

Buying. Selling.

Telegraphic transfer .. £111 2 6 £113 0 0 On demand £110 12 6 £111 17 6

Buying. Selling.

Telegraphic transfer —— £125 0 0 On demand £123 0 0 124 17 6 30 days 122 15 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