Exchange Rates

The following exchange quotations, gathered m Sydney, show the rates existing in Sydney on July 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.

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

Telegraphic transfer £llO 15 0 £ll2 0 0 On demand £llO 12 6 £lll 17 6

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, basi» £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 July 17, when the Australian £ was nominally worth 63 francs, £lOO Australian would purchase a credit to Noumea of 6,300 francs.

New Guinea And Papua

Through Commonwealth

Bank

From Australia, Pt. Moresby, £1 per cent.; co Rabaul 10/- per cent. —other N, Guinea district* £1 per cent.

From Rabaul on London, same as Australia on London:— Buying: T.T. £AI2S equals £stg. 100.

Selling: T.T. £AI2S/1.0/- 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.

Average Australia on Papeete for week ended 22/6/36 Francs to k Australian 59.81 Average for week ended 29/6/36 59.54 Average for week ended 6/7/36 59.21 Average for week ended 13/7/36 59.28 Average for week ended 20/7/36 59.32 Average Australia on Noumea for week ended 22/6/36 . .

Francs to 1 Australian 59.71 Average for week ended 29/6/36 59.48 Average for week ended 6/7/36 59.31 Average for week ended 13/7/36 . . 59.38 Average for week ended 20/7/36 . . 59.42

Buying. Selling.

Telegraphic transfer £126 0 0 On Demand . . . . £123 0 0 124 17 € 30 days ... 122 IB 0 124 16 0 60 days . . . . 122 10 0 124 12 « 90 days ... 122 5 0 124 10 • 120 days ... 122 0 0 124 7 I