Exchange Rates

The following exchange quotations, gathered in Sydney, show the rates existing in Sydney on November 23: —

Fiji—Through Bank Of N.B.W.

And Bank Of New Zealand

Australia bn 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

New Caledonia—Through

French Bank

Drafts, Sydney-Noumea and Noumea-Sydney, are on the basis of current rate of exchange on Paris, less per cent, either way. As quoted by the Comptoir National, in Sydney, and the Bank of Indo-Chine, Noumea: On November 23, when the Australian £ was nominally worth 82.95 francs. £lOO Australian would purchase a credit in Noumea of 8,295 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.B.W.

Australia, on Papua, £1 per cent, premium each way, equivalent to commission of £l per cent.; Australia, on Rabaul, 10/- per cent, premium.

Papua and New Guinea on London: Same as 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 • Francs to £ Australian Average for week ended 26/10/36 .. 82.55 Average for week ended 2/11/36 ., 82.60 Average for week ended 9/11/36 .. 82.68 Average for week ended 16/11/36 .. 82.59 Average for week ended 23/11/36 .. 82.60 Australia on Noumea Francs to £ Australia* Average for week ended 26/10/36 .. 82.70 Average for week ended 2/11/36 .. 82.75 Average for week ended 9/11/36 .. 82.83 Average for week ended 16/11/36 .. 82.74 Average for week ended 23/11/36 .. 82.75

London; — Buying. Selling.

Telegraphic transfer £125 0 9 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