Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on October 19: —

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;

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; — . on-

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 19, when the Australian £ was nominally worth 82.78 francs, £lOO Australian would purchase a credit in Noumea of 8,278 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, £l.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.

Buying.

Selling.

Telegraphic transfer . . £110 15 0 £112 0 0 On demand . £110 12 6 £111 17 6

Australia on Papeete Period from 22/9/36 to 26/9/36 Francs to £ Australian 60.10 Rate quoted on 3/10/36 « 83*15 Average for week ended 12/10/36 82.49 Average for week ended 19/10/36 82.66 Australia on Noumea Period from 22/9/36 to 26/9/36 Francs to £ Australian 60.20 Rate quoted on 3/10/36 . 83.25 Average for week ended 12/10/36 82.64 Averasre for week ended 19/10/36 . •... 82.51 NOTE; Owing: to France abandoning the gold standard, no rates were quoted from 28/9/1936 to 2/10/1936, inclusive.

Buying. Selling.

Telegraphic transfer 0 0 On Demand .. £123 0 0 124 17 6 30 davs .. 122 15 0 124 15 0 60 days 122 10 0 124 12 6 90 days 122 5 0 1M ! 0 120 days 122 0 0 124 7 6