Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on March 17 :

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

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

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

Telegraphic transfer £llOl5 0 £ll2 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, basis £lOO Samoa—buying £AIOO, selling £AIOO/10/-.

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 March 16, 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 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 a« Australia on London, and vice versa.

Average for Australia on Papeete week ended 24/2/36 Francs to £ Australian . 58.49 Average for week ended 2/3/36 . . 58.54 Average for week ended 9/3/36 . . 58.58 Average for week ended 16/3/36 . . 58.64 Average for Australia on Noumea week ended 24/2/36 Francs to £ Australian . 58.39 Average for week ended 2/3/36 . . 58.44 Average for week ended 9/3/36 . . 58.48 Average for week ended 16/3/36 . . 58.54

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