Exchange Rates
pp. 63-64 · Read in the full issue
r P HE following exchange quotations, gathered A in Sydney, show the rates existing mid- March:—
Fiji
Through Bank of N.S.W. and Bank of New Zealand:—Australia on Fiji on basis of £lOO Fiji: Buying £ All 1/2/6, selling £AII3. Pill- London on basis £lOO London:—
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 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 Samaral, Papua, 10/- per cent.; on Rabaul, N.G., 10/- per cent.— other
Buying.
Selling. £ s. d. £ 8. 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 fl 60 days 121 18 9 124 17 6 90 days 121 8 9 124 12 6 120 days 120 18 9
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. EAI2S/10/- equals £stg. 100.
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 are available.
Mr. and Mrs. H. Baldwin are at ore sent in Sydney on leave. He has been manager at Lae, New Guinea, for Burns, Philp & Co. Ltd.; but it is unlikely that he will return to Lae at the end of his furlough.
Mr. J. Murphy, of the New Guinea District Services staff, married Miss M.
Ward, of Colyer, Watson Ltd., at Rabaul, NG, recently.
Major Graham Kinloch, DSO, who was well known in New Guinea as accountant for New Guinea Goldfields, Ltd., until his retirement in 1935, died in Scotland, recently.