Exchange Rates

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

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 IAIIB.

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. £AI26/10/- equals £stg. 100.

Through Bank Of N.S.W.

Australia on Papua £1 per cent, premium each way, equivalent to commission of £1 per eent. ; Australia on Rabaul 10/- per cent, premium.

Papua and New Guinea on London: Same as Australia on London and rice versa.

New Caledonia—Through

French Bank

Drafts, Sydney-Noumea and Noumea-Sydney, are on the basis of current rate of exchange on Paris, less li 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 April 19, when the Aus tralian £ was nominally worth 124.7 francs, £lOO Australian would purchase a draft in Noumea of 12,470 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 £ 100 in London:—

Pastor J. E. Steed, at one time super intendent of the Seventh Day Adventist Mission at Samoa, Western Samoa, died recently at the age- of 78. His son, Pastor H. Steed, is an S.D.A. worker in New Guinea.

Dr. L. S. Duke, who has been Govern ment Medical Officer on Norfolk Island for 13 years, has resigned, and will re turn to Australia.

Hon. Tom Nevitt, of Papua, reached Sydney from Port Moresby by the April “Macdhui”, en route to England on a business visit.

Mr. Charles Rossiter, of “Chalgrove”, Norfolk Island, died on March 13, at the age of 68.

Buying.

Selling.

Telegraphic transfer —. . £110 15 0 £112 0 • On demand . £110 12 < £111 17 6

Average for Australia on week ended Papaete 28/3/38 ..

Francs to £ Australian ,. 126.80 Average for week ended 4/4/38 .. 126.68 Average for week ended 11/4/38 . . .. 125.32 Average for week ended 18/4/38 .. .. 124.08 Australia on Noumea Francs to £ Australian Average for week ended 28/3/38 .. .. 126.75 Average for week ended 4/4/38 *. . .. 126.63 Average for week ended 11/4/38 . . .. 125.27 Average for week ended 18/4/38 .. .. 124.03

Buying.

Selling.

Telegraphic transfer — £125 0 0 On Demand £123 0 0 124 17 6 30 days 122 15 0 124 16 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

Market Quotations

r T % HE Pacific Islands Monthly makes a * close check of the prices quoted for Islands produce; and we regularly put • lish the range of prices during each month, including the last available quota tion before going to press.

Mr. Henry (“Colly”) Quintal, of Norfolk Island, died on March 30, aged 72.

Mr. Francis Christian died recently at Pitcairn Island, aged almost 80. Son of Mr. Thursday October Christian (whose father was Fletcher Christian of the “Bounty”), he was one of the most remarkable characters of that tiny outpost. He taught the Pitcairners boat-building—a craft he learned at Mangareva, French Oceania. Mr. Chris tian is survived by his wife, familiarly known on the island as Grandma Christian.

March 1 £12 2 6 £12 15 0 April 6 . £10 : 16 0 £11 16 0 May 3 — £11 17 6 £12 12 6 June 7 £11 16 0 £12 7 6 July 5 — £9 12 0 £10 6 0 August 2 . £9 : 15 0 £10 15 0 September 6 . £9 17 6 £10 17 6 October 4 £11 7 6 £12 7 6 November 1 . , £12 17 6 £14 0 0 December 6 — — £12 17 6 £14 0 0 South Sea.

South Sea.

Plantation.

Smoked, to Genoa Sun-Dried Hot-air Dried, London j and Marseilles. to London.

Rabaul.

Price on— Per ton.c.i.f. Per ton, c. l.f.

Per ton.c.i.f.

Jan. 8. ’36 £13 2 6 £13 15 0 £15 0 0 Feb. 7 — £13 0 0 £14 0 0 £16 0 0 Mar. 6 £11 16 0 £12 15 0 £13 0 0 April 8 £12 7 6 £13 5 0 £13 17 6 May 1 , . £11 10 0 £11 15 0 £12 10 0 June 5 £11 10 0 £12 0 0 £12 17 6 July 3 £12 0 0 £12 10 0 £13 10 0 Aug. 7 £12 17 6 £13 7 6 £14 7 « Sept. 4 . ,,, £13 2 6 £13 10 0 £14 12 6 Oct. 2 £13 7 i £13 10 0 £14 10 0 Nov. 6 , £16 10 0 £16 2 6 £16 6 0 Dec. 4 £19 7 6 £19 7 6 £20 7 6 Jan. 8, *37 £22 12 6 £22 12 6 £23 12 • Feb. 5 £19 0 0 £19 0 0 £19 15 0 Mar. 5 „ £19 0 0 £19 5 0 £20 0 0 Apr. 2 £19 0 0 £19 15 0 £20 15 0 May 7 £16 0 0 £16 12 6 £17 12 6 June 4 £15 15 0 £15 12 6 £16 12 6 July 2 £14 15 0 £14 17 6 £15 15 0 Aug. 6 £15 2 6 £15 2 6 £15 1.7 6 Aug. 20 £14 10 6 £14 12 6 £15 7 C Aug. 27 £14 0 0 £14 0 0 £14 15 0 Sept. 8 £13 5 0 £13 5 0 £14 0 0 Sept. 10 £13 12 6 £13 15 0 £14 10 0 Sept. 17 — £13 12 6 £13 15 0 £14 12 6

Sept. 24 £14 2 6 £14 5 0 £15 0 0 Oct. 1 . £14 15 0 £14 17 6 £15 12 * 6 Oct. 8 .. £14 5 0 £14 5 0 £15 0 0 Oct. 15 .. £14 10 0 £14 10 0 £15 7 6 Oct. 22 ... .. £13 15 0 £13 15 0 £14 10 0 Oct. 29 ... .. £13 15 0 £13 15 0 £14 10 0 Nov. 5 ... £13 10 0 £13 10 0 £14 5 0 Nov. 12 ... £13 5 0 £13 5 0 £14 5 0 Nov. 19 .. £13 2 6 £13 2 6 £13 17 6 Nov. 26 „ . £12 7 6 £12 7 6 £13 2 6 Dec. 3 . £12 10 0 £12 12 6 £13 7 6 Dec. 10 .. £12 17 6 £13 0 0 £13 17 6 Dec. 17 .. £13 2 6 £13 2 6 £14 0 0 Dec. 24 £13 0 0 £13 0 0 £13 17 6 Dec. 31 .. £12 10 0 £12 12 6 £13 10 0 Jan. 7, ’38 £12 12 6 £12 15 0 £13 12 6 Jan. 14 .. £12 7 6 £12 12 6 £13 7 6 Jan. 21 .. £12 0 0 £12 12 6 £13 0 0 Jan. 28 ... £11 17 6 £12 0 0 £12 15 0 Feb. 4 . .. £11 2 6 £11 10 0 £12 7 6 Feb. 11 .. £10 17 6 £11 15 0 £12 0 0 Feb. 18 .. £10 12 6 £11 0 0 £11 15 0 Feb. 25 . . £11 2 6 £11 5 0 £12 5 0 Mar. 4 £10 17 6 £11 0 0 £12 0 0 Mar. 11 .. £10 15 0 £11 0 0 £12 0 0 Mar. 18 .. £10 15 0 £11 0 0 £12 0 0 Mar. 25 . . £10 12 6 £10 15 0 £11 12 6 Apr. 1 £10 10 0 £10 12 6 £11 10 0 Apr. 8 £10 12 6 £10 15 0 £11 12 6 Apr. 14 £10 15 0 £10 17 6 £11 15 0

Rubber

Plantation London Para Smoked Price onper lb. per lb.

January 6, 1933 4 id. 2.48d.

July 7 , — 5|d. 3.71d.

December 8 — 4 id. 4.0|d.

January 5, 1934 4id. 4.28d.

July 6 6£d. 7.06d.

December 28 , ,, , 5d. 6id.

January 4, 1935 T - ... fid. 63d- July 5 — fid. 7*d.

December 6 „. 6id. ««d.

January 3, 1936 — 6id. 6*d.

June 5 9d. 7id.

December 4 — 1/- 9 l/16d.

January 8, 1937 ... 1/2 10*d.

March 5 ._ Hid. 11 l/32d April 2 ... ... 1/- ... 1/1 15/16 June 4 lid. ... 9 5-8d.

Aug. 6 „.. 9*d. . 9 l-16d.

Sept. 3 ... 9Jd. ... 9 l-16d.

Oct. 1 . ... 9*d. 8 9/16d.

Nov. 5 ... 8d. 7id.

Nov, 12 — 'lid. 7fd.

Nov. 19 ... 7-|d. 6 15/16d.

Nov. 26 — 7*d. 74d.

Dec. 3 « 7£d. 7*d.

Dec. 10 „ ... _... 7£d. 7*d.

Dec. 17 .. 7 J /4d. . .

TVid.

Dec. 24 .. .. 7V 4 d. . . 7V 4 d.

Dec. 31 .. .. 7’/ 4 d. . . ey 8 d.

Jan. 7, 1938 .. . .. 7’/id. . . 7d.

Jan. 14 .. . , 7V 8 d.

Jan. 21 .. . . .. 7d. . . 7y 4 d.

Jan. 28 .. 7y 8 d.

Feb. 4 ., .. 6%d. ey 8 d.

Feb. 18 . . .. 6%d. 7 l-16d.

Feb. 25 .. 6d. 7 3-16d.

Mar. 4 .. . .. 6d. 7y 8 d.

Mar. 11 .. .. 6d. 7d.

Mar. 18 .. 6 3 /4d.

Mar. 25 . .. 5 3 4d. 6 l-16d.

April 1 . . .. 5%d. . . 5 7-16d.

April 8 .. 5%d. 5 13-16d.

April 14 . .. 5%d. 6 l-16d.

Copra

South Sea.

Plantation, Sun-Dried Hot-air Dried, London to London Rabaul Price on— Per ton. c.l.f.

Per ton , c.l.f.

January 1, 1932 £14 0 0 £14 15 0 March 25 — £14 17 6 £15 0 0 June 17 £13 2 6 £18 6 0 September 2 — £13 17 6 £14 0 e December 16 — £14 2 6 £14 6 0 January 6, 1933 £13 0 0 £13 12 6 March 3 £11 7 6 £11 10 0 June 30 £10 17 6 £11 0 0 September 29 £9 7 6 £9 10 0 December 1 £8 12 6 £9 0 • January 5, 1934 £8 0 0 £8 7 « March 30 — £7 7 6 £8 0 « April 27 £7 7 6 £8 0 0 June 15 _1 £8 0 0 £8 12 « July 6 — £7 17 6 £8 IB 0 September 7 — — £7 12 6 £8 15 0 October 6 £8 0 0 £9 0 0 December 28 £9 0 0 £9 12 6 January 4, 1935 — £9 5 0 £10 5 0