Exchange Hates

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

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 Francs to £ Australian Australia on Papeete Average for week ended 21/6/’37 86.98 Average for week ended 28/6/’37 86.98 Average for week ended 5/7/’37 97.40* Average for week ended 12/7/’37 100.71 Average for week ended 19/7/’37 101.35

Francs to £ Australia on Noumea Australian Average for week ended 21/6/’37 87.33 Average for week ended 28/6/’37 87.27 Average for week ended 5/7/’37 97.39'' Average for week ended 12/7/'37 100.66 Average for week ended 19/7/’37 101.30 * Franc devalued 29/6/’37, No rates quoted for 30/6/’37 or l/7/’37.

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 cn 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.

Fapua and New Guinea on London: Same as Australia on London and vice versa.

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 July 21, when the Australian £ was nominally worth 105.55 francs, £lOO Australian would purchase a draft in Noumea of 104.45 francs.

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: —

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