Exchange Rates

THE following exchange quotations, gathered in Sydney, show the rates existing in mid-May;—

Fiji—Through Bank Of N.S.W 7 .

And Bank Of New Zealand

Australia on FIJI on basis of £lOO FIJI: Buying £AIII/2/6, selling £AII3.

Flji-London on basis £lOO London:—

Direct Telegraphic Transfer

Selling Bates

New Guinea And Papua

Through Commonwealth Bank

From Australia, Pt. Moresby 10/- 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 10/- per cent, premium each way, equivalent to commission of 10/- per cent.; Australia on Rabaul 10/- per cent, pre mium.

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 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 ITndo chine, Noumea. On May 11, when the Australian £ was nominally worth 140.70 francs, £lOO Australian would purchase a draft in Noumea of 13,985 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: —

Buying.

Selling. £ s. d. £ s. d Telegraphic transfer .. 110 15 0 112 0 0 On demand .. 110 12 6 111 17 6

Bank Of

Quoted by

New South

Wales

Average for in Australia.

Australia on Papeete. week ended 17/4/39 .

Francs to £ Australian 138.48 Average for week ended 24/4/39 . 138.45 Average for week ended 1/5/39 . 138.45 Average for week ended 8/5/39 . 138.45 Average for Francs to £ Australia on Noumea Australian week ended 17/4/39 138.33 Average for week ended 24/4/39 . 138.30 Average for week ended 1/5/39 . 138.30 Average for week ended 8/5/39 . 138.30

Buying. Selling.

Telegraphic transfer £ 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 5 0 124 10 0 120 days 122 0 0 124 7 6