Exchange Rates

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

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 J 7 6

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Of New South Wales

in Australia Franes to £ Australian Australia on Papeete Average for week ended 29/3/’37 83.37 Average for week ended 5/4/’37 - 83.42 Average for week ended 12/4/’37 84.28 Average for week ended 19/4/’37 86.24 Francs to £ Australian Australia on Noumea Average for week ended 29/3/37 83.37 Average for w T eek ended 5/4/’37 83.42 Average for week ended 12/4 / ’3' 7 84.28 Average for week ended 19/4/’37 86.24

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 April 21, when the Australian f was nominally worth 87.05 francs. £lOO Australian would purchase a draft in Noumea of 8,705 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 £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