Exchange Rates

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

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

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.

Papua 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 11 per cent (approx.) either way.

As quoted by the Comptoir National d’Escompte de Paris, in Sydney, and the Banque de ITndo chine, Noumea: On September 14,, when/the Aus tralian £ was nominally worth 110.40 francs, £lOO Australian would purchase a draft in Noumea of 10,915 francs.

Western Samoa—Through

Bank Of N.Z.

Exchange, Australia on Western Samoa, basis £lOO Samoa —buying £AIOO, selling fAIOO/10/-.

Exchange, Samoa on London, basis £lOO in London: —

Rev. F. Henkelmann, of the Lutheran Mission, Madang, who has spent the past 18 months on furlough in America, re turned by the last Mariposa and is now awaiting the departure of the Montoro for New Guinea.

Buying.

Selling.

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

Francs to £ Australian Australia on Papeete Average for week ended 30/8/37 .. 104.42 Average for week ended 6/9/37 .. 104.44 Average for week ended 13/9/37 . 106.48 Francs to £ Australia on Noumea Australian Average for week ended 30/8/37 104.37 Average for week ended 6/9/37 . 104.39 Average for week ended 13/9/37 . 108.43

Buying:. Selling.

Telegraphic transfer £115 0 0 On Demand .._ — ... £123 0 0 124 17 6 30 days ... 122 IB 0 124 15 0 60 days ... ...» 122 10 0 124 12 6 90 days ... 122 B 0 124 10 0 120 days ... ... 122 0 0 124 7 6