Exchange Rates

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

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

Australia on Fiji on basis of £100 Fiji: Buying fAlll/2/6, selling £A113.

Fiji-London on basis £100 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. £A125 equals fstg. 100.

Selling: T.T, £A125/10/- 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 1$ 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 December 18, when the Aus tralian £ was nominally worth 117.62 francs, £lOO Australian would purchase a draft in Noumea of 11,565 francs.

Western Samoa—Through

Bank Of N.Z.

Exchange, Australia on Western Samoa, basla £lOO Samoa —buying £AIOO, selling £AIOO/l#/-.

Exchange, Samoa on London, basis £lOO In

Buying. Selling.

Telegraphic transfer £110 15 0 £112 0 0 On demand £110 12 6 £111 17 6

Francs to £ Australia on Papeete Australian Average for week ended 29/11/37 115.27 Average for week ended 6/12/37 115.23 Average for week ended 13/12/37 115.22

Francs to £ Australia on Noumea Australian Average for week ended 29/11/37 115.22 Average for week ended 6/12/37 115.18 Average for week ended 13/12/37 115.17

London: Buying. Selling.

Telegraphic transfer £1*5 0 0 On Demand — — £123 0 0 124 IT C 30 days 122 15 0 124 15 0 60 days 122 10 0 124 1* « 90 days ..._ 122 5 0 124 10 • 120 days 122 0 0 124 7 4