Exchange Rates
pp. 71-72 · Read in the full issue
THE following exchange quotations, gathered in Sydney, show the rates existing 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. Plji- 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-Pape-ete quotations are based on
the London-Parls rate, no quotations for these are available.
Note. —It is understood that negotiations are proceeding between the New Caledonian authori ties and the Australian Government whereby a rate between th£ Commonwealth and the French Pacific Colonies will be established, in dependent of the London-Paris rate upon which former quotations were based.
Western Samoa
Through Bank of New Zealand: —Australia on Western Samoa, basis £lOO 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 Samarai, 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.
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. £ s. d. £ a. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand 111 17 6
Mr. F. Burns, formerly of Mai Planta tion, Western Islands, New Guinea, arrived in Australia recently to join the