Exchange Rates

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

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 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.

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 (approx.) either way.

As quoted by the Comptoir National d’Escompte de Paris, in Sydney, and the Banque de I’lndo chine, Noumea: On October 19, when the Aus tralian £ was nominally worth 115.10 francs, £lOO Australian would purchase a draft in Noumea of 11,510 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

Francs to f Average Average Average Average Australia on Noumea for week ended 27/9/37 for week ended 4/10/37 for week ended 11/10/37 for week ended 18/10/37 Australian 113.83 113.16 117.70 115.70

London: — Telegraphic transfer Buying Selling. £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 6 0 124 10 0 120 days 122 0 0 124 7 6

Buying.

Selling.

Telegraphic transfer £110 15 0 £112 0 0 On demand £110 12 6 £111 J7 6

Francs to £ Australia on Papeete Australian Average for week ended 27/9/37 113.88 Average for week ended 4/10/37 113 21 Average for week ended 11/10/37 117.75 Average for week ended 18/10/37 . 115.75