Exchange Rates
pp. 63-64 · Read in the full issue
THE following exchange quotations, gathered in Sydney, show the rates existing mid- February:—
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 - 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 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 were based on the London-Parls rate, no quotations for these have been available for some time.
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, £ 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 9 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9 —
Father Thomas Parsonage, S.M., ar rived in Sydney from New Zealand at the end of January en route to the Solomon Islands, where he will be engaged in mis sion work for the Marist Mission.
Brother John Slagle, who arrived in Sydney recently from the United States, left for the British Solomon Islands in January to take up an appointment with the Marist Mission.