Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on May 20 : FIJI— through bank of n.s.w.

And Bank Of New Zealand

Australia on Fiji on basis of £lOO Fiji: Buying £AIII/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

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 May 21, when the Australian £ was nominally worth 61 francs, £lOO Australian would purchase a credit in Noumea of 6,100 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.

Australia on Papeete Francs to £ Australian Average for week ended 27/4/36 .. 58.68 Average for week ended 4/5/36 . . 58.72 Average for week ended 11/5/36 .. 59.10 Average for week ended 18/5/36 . . 58.96 Australia on Noumea Francs to £ Australian Average for week ended 27/4/36 . . 58.58 Average for week ended 4/5/36 . . 58.62 Average for week ended 11/5/36 . . 59.00 Average for week ended 18/5/36 . . 58.86

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