Exchange Rates

THE following exchange quotations, gathered in Sydney, show the rate existing in mid- September.

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. Fiji- London on basis £lOO London;—

New Caledonia

Through French Bank:—As a result of the French surrender to Germany, 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 cannot furnish Sydney-Noumea bank rates, as usual.

New 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:—Australia on Western Samoa, basis £ 100 Samoa —buying, £ A99/12/6; selling, £AIOO/2/6. Samoa on London, basis £lOO in London;—

New Guinea And Papua

Through Bank of N.S.W.;—Australia on Port Moresby and Samaral, Papua, 10/- per cent, premium each way. Australia on Rabaul, N.G., 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;—Australia on Port Moresby and Samarai, Papua, 10/- per cent.; on Rabaul, N.G., 10/- per cent.—other Papua and New Guinea districts, £1 per cent.

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 .. 110 12 6 111 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 9r 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9 —

Mr. R. F. Bunting, son of the late Hon.

Arthur Bunting, of Samarai, Papua, has joined the A.I.F. and is now undergoing training in a military camp in N.S.W.

Rev. R. C. G. Page, President of the Methodist Church in Tonga, spent a brief furlough in Sydney in August.

Mr. C. E. Ahrens, B.Sc.Agr., formerly head of the Agricultural School at Navuso, Fiji, conducted by the Methodist Mission, has accepted a Government position on Lord Howe Island.