Exchange Rates

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

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:—

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.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.

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.

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