Exchange Rates

“T“HE following exchange quotations, gathered in Sydney, show the rate existing in mid- August:—

Fiji—Through Bank Of N.S.W.

And Bank Of New Zealand

Australia on Fiji on basis of £lOO Fiji; Buy ing £ All 1/2/6, selling £AII3.

Piji-London on basis £lOO London;—

New Caledonia—Through

French Bank

As a result of the French surrender to Ger many, the Anglo-French banking system has been completely dislocated. London is not quoting on Paris—therefore the Comptoir National d’Escompte de Paris Bank in Sydney is unable to furnish us with Sydney-Noumea bank rates, as usual.

N. Caledonia And Tahiti

Through Bank Of N.S.W.

Owing to the present* European situation, London is not quoting a rate on Paris; and since the Sydney-Noumea and Sydney-Papeete quotations are based on the London-Paris rate, no quotations for these are available.

Western Samoa—Through Bank

Of New Zealand.

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. Aus tralia 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 Australian on 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.

Buying.

Selling. £ s. d. £ s. d.

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

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