Exchange Rates

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

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 Comptolr National d’Escompte de Paris, in Sydney, and the Banque de I’lndo- China, Noumea. On April 15, 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.

The above are nominal only—no business has been transacted on that basis.

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 £lOO 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.

Mrs. L. S. Kempthorne, wife of tho Anglican Bishop - in Polynesia, departed from Fiji by the March “Mariposa” for

U.S.A.

Mr. E. B. Bignold, Crown Law Officer in Papua, recently returned to Port Moresby after a short holiday with his wife and family in North Queensland.

Buying.

Selling. £ s. d. £ s. d.

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

Average for week ended 18/3/40 ..

Francs to £ Australian. .. .. 138.49 Average for week ended 25/3/40 . . . . . . 138.49 Average for week ended 1/4/40 .. .. .. 138.49 Average for week ended 8/4/40 . . .. .. 138.49 Average for week ended 15/4/40 .. .. .. 138.49 Average for Australia on Noumea week ended 18/3/40 ..

Francs to £ Australian. .. .. 137.94 Average for week ended 25/3/40 .. .. .. 137.94 Average for week ended 1/4/40 .. .. .. 137.94 Average for week ended 8/4/40 .. .. .. 137.94 Average for week ended 15/4/40 ..

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 —