Exchange Rates

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

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. Fijl- 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.

Note.—lt is understood that negotiations are proceeding between the New Caledonian authori ties and the Australian Government whereby a rate between the Commonwealth and the French Pacific Colonies will be established, in

Buying.

Selling. £ s. d. £ s. d.

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

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.Q., 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