Exchange Rates

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

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.

PIJi-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.

As quoted by the Comptoir National d’Escompte de Paris, in Sydney, and the Banque de 1’Indo- China, Noumea: On November 14, 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 Of New South Wales

in Australia.

New Guinea And Papua

Through Commonwealth Bank

Prom 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 £100 Samoa—buying. £A99/12/6; selling, £ A100/2/6.

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

Average for Australia on Papeete week ended 16/10/39 Francs to £ Australian. .. .. 138.27 Average for week ended 23/10/39 .. .. 138.27 Average for week ended 30/10/39 .. .. 138.27 Average for week ended 6/11/39 .. .. 138.27 Average for week ended 13/11/39 . . .. .. 138.27 Average for Australia on Noumea week ended 16/10/39 Francs to £ Australian. .. .. 137.77 Average for week ended 23/10/39 . . .. 137.77 Average for week ended 30/10/39 .. .. 137.77 Average for week ended 6/11/39 .. .. 137.77 Average for week ended 13/11/39 . . .. .. 137.77 The above are nominal only—no business has been transacted on that basis.

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 121 18 9 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9

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

Pastor G. F. Jones, of the S.D.A. mis sion, will leave Sydney shortly on a visit to New Caledonia. He is well-known in the South Seas having visited most of the Islands territories during his 35 years of missionary work. Pastor Jones recently returned from a visit to Niue Island.