Exchange Rates

THE following exchange quotations, gathered in Sydney, show the rates existing in mid-June:—

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

Australia on Fiji on basis of £lOO Fiji; Buying £AIII/2/6, selling £AII3.

Piji-London on basis £lOO London: —

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Op New South Wales

in Australia.

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.

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: —

New Caledonia—Through

French Bank

Drafts, Sydney-Noumea and Noumea-Sydney, are on basis of current rate of exchange on

Buying.

Selling. £ s. d. £ s. d 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 22/5/39 138.45 Average for week ended 29/5/39 138.45 Average for week ended 5/6/39 138.45 Average for week ended 12/6/39 138.45 Francs to £ Australia on Noumea Australian Average for week ended 22/5/39 138.30 Average for week ended 29/5/39 138.30 Average for week ended 5/6/39 138.30 Average for week ended 12/6/39 138.30

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

Paris less % per cent, (approx.) either way.

As quo ed by the Comptoir National d’Escompte de Paris, inSydney. and the Banque de^imdo ius n t e ralian 0 £ m w a a S nominally “worth ’ 140. 75 francs, IWO Australian would purchase a draft m Noumea of 13,887 francs.