Exchange Rates

THE following exchange quotations, gathered ■ in Sydney, show the rates existing «n mid-October;—■

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.

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 October 12, when the Aus tralian £ was nominally worth 138.50 francs. £ 100 Australian would purchase a draft in Noumea of 13,700. (Subject to Exchange Control Regulations.)

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Op New South Wales

in Australia.

Last daily quotations by Bank of N.S.W. were on August 25:—Papeete, 138.10; Noumea, 137.94.

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

The selling rate on Paris, however, has remained unchanged at 138.24.

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:—

Fljl-London on basis £100 London; Buying.

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

Buying. Selling.

Telegraphic transfer . £125 10 0 On Demand £ 122 18 9 125 7 6 30 days 122 8 9 125 2 6 60 days 12 1 18 9 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9