Exchange Rates

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

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: TI , , , 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 Francs to f Avora „ o , Australia on Papeete Australian A\ ei age for week ended 25/10/37 114 65 Average for week ended 1/11/37 115 55 Average for week ended 8/11/37 Average foi week ended 15/11/37 ..„ 11*5 ‘.25 Average for week ended 22/11/37 XZZ. 115.40

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/ rer 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 1| 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 November 23, when the Aus tralian £ was nominally worth 117.19 francs, £lOO Australian would purchase a draft in Noumea of 11,584 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:—

Francs to £ Australia on Noumea Australian Average for week ended 25/10/37 114.60 Average for week ended 1/11/37 115.50 Average for week ended 8/11/37 115.21 Average for week ended 15 '11/37 ... 115.20 Average for week ended 22/11/37 115.3^*

Tl . • , Buying. Selling.

Telegraphic transfer £1*5 q 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