Exchange Hates

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

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

Australia on Fiji on basis of £lOO Fiji: Buying £ All 1/2/6, selling £AII3/10/-.

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

Telegraphic transfer ... £llO 15 0 £ll2 0 0

Direct Telegraphic Transfer.

Selling Rates

Quoted by

Bank Of New South Wales

in Australia Australia on Papeete

Australia on Noumea

Western Samoa—Through

Bank Of N.Z.

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 January 22, when the Australian £ was nominally worth 58.65 francs, £lOO Australian would purchase a credit in Noumea of 5,865 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 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.

Francs to £ Australian Average for week ended 23/12/35 .. .. 58.42 Average for week ended 30/12/35 .. .. 58.58 Average for week ended 6/1/36 .. .. 58.41 Average for week ended 13/1/36 .. .. 58.57 Average for week ended 20/1/36 .. .. 58.64

Francs to £ Australian Average for week ended 23/12/35 .. .. 58.32 Average for week ended 30/12/35 .. .. 58.48 Average for week ended 6/1/36 ’.. .. 58.31 Average for week ended 13/1/36 .. .. 58.47 Average for week ended 20/1/36 .. .. 58.59

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

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