Exchange Rates

THE following exchange quotations, gathered in • Sydney, show the rates existing in Febru ary.

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 16 0 £ll2 0 0 On demand £llO 12 6 £lll IT 6

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Of New South Wales

in Australia Francs to £ Australia on Papeete Australian Average for week ended 31/1/38 118.60 Average for week ended 7/2/38 119.35 Average for week ended 14/2/38 119.36 Francs to £ Australia on Noumea Australian Average for week ended 31/1/38 118.52 Average for week ended 7/2/38 119.29 Average for week ended 14/2/38 119.31

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 fstg. 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 February 17, when the Aus tralian £ was nominally worth 120.40 francs, £lOO Australian would purchase a draft in Noumea of 12,040 francs.

Western Samoa—Through

Bank Of N.Z.

Exchange. Australia on Western Samoa, basis £lOO Samoa—buying £AIOO, selling £A 100/10/-.

Exchange. Samoa on London, basis £lOO in

London: — Buying.

Selling.

Telegraphic transfer — £126 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