Exchange Rates

THE following exchange quotations, gathered in 1 Sydney, show the rates existing in Sydney in March:

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

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 1J per cent, either way. As quoted by the Comptoir National, in Sydney, and the Bank of Indo-Chine, Noumea: On March 22, when the Australian £ was nominally worth 83.86 francs. £lOO Australian would purchase a draft in Noumea of 8,386 francs.

New Guinea And Papua

Through Commonwealth

Bank

From Australia, Pt. Moresby, £1 per cent.; on Rabaul 10/- per cent. —Other New 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.

Buying.

Selling.

Telegraphic transfer £110 15 0 £112 0 0 On demand £110 12 6 £111 j 7 6

in Australia Average Australia on for week ended Papeete l/3/’37 .

Francs to £ Australian 82.59 Average for week ended 8/3/’37 . 82.80 Average for week ended 15/3/’37 . 83.65 Average for week ended 22/3/’37 . 83.42 Average Australia on for week ended Noumea l/3/’37 , Francs to £ Australian 82.74 Average for week ended 8/3/’37 , 83.15 Average for week ended 15/3/’37 . 84.00 Average for week ended 22/3/’37 . 83.77

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