Exchange Rates

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

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.

Flji-London on basis £lOO London:—

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. (Owing to the present unsettled state of the market, no quotations are being issued either by the Comptoir National d’Escompte de Paris Bank in Sydney or the Banque de ITndo-Chine in Noumea, New Caledonia).

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Of New South Wales

in Australia.

Francs to £ Australia on Papeete. Australian Average for week ended 21/8/39 138.43 Francs to £ Australia on Noumea Australian Average for week ended 21/8/39 138.28 Last quotations by Bank of N.S.W. on August 25 were:—Papeete, 138.10; Noumea, 137.94.

Since then, owing to the irregularity of the market, there have been no further quotations.

New Guinea And Papua

Through Commonwealth Bank

From Australia, Port Moresby, 10/- per cent.; on Rabaul, 10/- per cent.—Other Papua and 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. £A99/12/6; selling,

£ Aloo/2/6.

Exchange, Samoa on London, basis £ 100 in London:—

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

Telegraphic transfer Buying.

Selling. £125 10 0 On Demand £123 10 0 125 7 6 30 days 123 5 0 125 5 0 60 days 123 0 0 125 2 6 90 days 122 15 0 125 0 0 120 days 122 10 0 124 17 6