Exchange Rates

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

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

Australia on Fiji on basis of £lOO Fiji: Buy ing £Alll/2/6, selling £AII3.

Fiji-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 ITndo- China, Noumea. On March 13, when the Australian £ was nominally worth 140.30 francs, £lOO Australian would purchase a draft in Noumea of 13,900. (Subject to Exchange Control Regulations.)

Direct Telegraphic Transfer

Selling Rates

Quoted by

Bank Of New South Wales

in Australia.

Australia on Papeete.

Western Samoa—Through

Bank Of N.S.W.

Exchange, Australia on Western Samoa, basis £lOO Samoa—buying, £A99/12/6; selling,

£ Aloo/2/6.

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

New Guinea And Papua

Through Bank Of N.S.W.

Australia on Port Moresby and Samarai, Papua, 10/- per cent. premium each way, equi valent to commission of 10/- per cent.; Australia on Rabaul, 10/- per cent, premium. All other places 20/- per cent.

Papua and New Guinea on London: Same as Australia on London and vice versa.

Through Commonwealth Bank

From Australia, Port Moresby and Samarai, 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.

Rev. Rodger S. Brown, of South Aus tralia, has been accepted by the Method ist Mission for service at Kabakada. New Britain.

Buying. Selling. £ s. d. £ s. d.

Telegraphic transfer . .. 110 15 0 112 0 0 On demand 110 12 6 111 17 6

Average lor week ended 19/2/40 . .

Francs to £ Australian. .. .. 138.49 Average lor week ended 26/2/40 . . .. .. 138.49 Average for week ended 4/3/40 . . .. . . 138.49 Average lor week ended 11/3/40 .. .. . . 138.49 Average for Australia week ended on Noumea 19/2/40 . .

Francs to £ Australian. .. . . 137.94 Average for week ended 26/2/40 .. .. .. 137.94

Average for week ended 4 3 40 137.94 Average for week ended 11/3 40 137.94 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 —