Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on October 21. —

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand.

Australia on Fiji on basis of £100 Fiji: Baying £A111/2/6, selling £A113/10/-.

Fiji-London on basis £100 London: Buying. Selling.

Telegraphic transfer .. £110 15 0 £112 0 0

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, basic £lOO Samoa—baying £AIOO, selling Exchange, Samoa on London, basis £lOO in 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 October 21, 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 eaeh way, equivalent to commission of £1 per cent.; Australia, on Rabaul, 10/- per cent, premium.

Papua and New Guinea on London: Same at Australia on London, and vice versa.

Australia on Papeete Average for week ended 30/9/35 .. • Francs to £ Australian 58.42 Average for week ended 7/10/35 .. 58.29 Average for week ended 14/10/35 .. 58.32 Average for week ended 21/10/35 .. . 58.35 Australia on Noumea Average for week ended 30/9/35 .. .

Francs to £ Australian 58.32 Average for week ended 7/10/35 .. . 58.19 Average for week ended 14/10/35 .. • 58.18 Average for week ended 21/10/35 .. . 58.25

Buying. Selling.

Telegraphic transfer .. .. £125 0 0 On demand £123 0 0 124 17 6 30 days 122 IS 0 124 IS 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