Exchange Rates

The following exchange quotations, gathered m Sydney, show the rates existing in Sydney on September 23: — FlJl—through bank of n.s.w.

And Bank Of New Zealand.

Australia on Fiji on basis of £lOO Fiji: Buying £AIII, selling £AII3/10/-.

Fiji-London on basis £lOO London:

Direct Telegraphic Transfer.

Selling Rates

Quoted by

Bank Of New South Wales

in Australia

Western Samoa—Through

Bank Of N.Z.

Exchange, Australia on Western Samoa, basis £lOO Samoa—buying £AIOO, selling £AIOO/10/-.

Exchange, Samoa on London, basis £lOO m London; —■

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 of Indo-Chine, Noumea; On September 23, when the Australian £ was nominally worth 58.50 francs, £lOO Australian would purchase a credit in Noumea of 5,850 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. £AI2S equals £stg. 100.

Selling: T.T. £AI2S/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.

Rev. H. B. Shelton, 8.A., who was ac cepted in April last by the Methodist Mis nionary Society for work in New Guinea, left Sydney with his wife and young son for Watnabara, New Britain, by the Mac dhui on September 12.

Buying.

Selling.

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

Average for Australia on Papeete week ended 26/8/35 ..

Francs to £ Australian 58.76 Average for week ended 2/9/35 .. 58.79 Average for week ended 9/9/35 .. 58.69 Average for week ended 16/9/35 .. 58.67 Average for week ended 23/9/35 .. 58.30 Average for Australia on Noumea week ended 26/8/35 ..

Francs to £ Australian 58.86 Average for week ended 2/9/35 .. 58.89 Average for week ended 9/9/35 .. 58.79 Average for week ended 16/9/35 .. 58.77 Average lor week ended 23/9/35 .. 58.40

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