Exchange Rates

THE following exchange quotations, gathered in Sydney, show the rates existing in mid- May;—

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 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 Samaral, 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-Paris rate, no quotations for these are available.

Rev. J. Bodger, of the Anglican Mis sion, was severely injured at Dogura, Eastern Papua, recently, when, during demolition work near the Cathedral, a heavy beam fell upon him. He was sent to the hospital at Samarai for treatment. , Miss Margaret Bechervaise and Miss Townsend, members of the Anglican Mis sion staff at Dogura, Eastern Papua, have arrived in Australia. This holiday is a welcome break, for they are old residents of the Territory, the former having 25 years’ and the latter 20 years’ service with the Mission.

Mrs. Linda Maclean, wife of Mr. G. D.

Maclean, of Vunalama, New Britain, died in Namanula Hospital at Rabaul, on April 21. She arrived in the Territory and married Mr. Maclean only in last December.

Hon. Tom Nevitt left Papua recently for Australia on a short business visit.

Buying.

Selling. £ s. d. £ s. d.

Telegraphic transfer , .. 110 15 0 112 0 0 On demand 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 —

Mrs. Hilder, wife of Captain L. H.

Hilder, returned recently to Port Moresby after a lengthy holiday in Australia.

The marriage took place in Sydney in April of Miss Elsie Brammell, whose father is well-remembered in Papua, and whose brother, Mr. John Brammell, is in the Public Service in that territory (though he / is now in Sydney waiting to enter the RAAF). Miss Brammell mar ried Mr. Frederick D. McCarthy, promi nent in the Pacific Islands Society. Both bride and groom have been for some years on the ethnological staff of the Australian Museum in Sydney. The bride’s step-father, Mr. J. T. Bensted, is a former Director of Public Works in Papua, and now lives at Rose Bay, Sydney.

Market Quotations

Copra

South Sea, Plantation, Sun-dried Hot-air Dried, London to London Rabaul Price on— Per ton, c.i.f.

Per ton c.i.f.

January 1, 1932 £14 0 0 £14 15 0 June 17 . £13 2 6 £13 5 0 December 16 .. £14 2 6 £14 5 0 January 6, 1933 £13 0 0 £13 12 6 June 30 . £10 17 6 £11 0 0 December 1 .. £8 12 6 £9 0 0 January 5, 1934 . £8 0 0 £8 7 6 June 15 . £8 0 0 £8 12 6 December 28 .. £9 0 0 £9 12 6 January 4, 1935 , , , £9 5 0 £10 5 0 March 1 £12 2 6 £12 15 0 June 7 . £11 15 0 £12 7 6 September 6 , . £9 17 6 £10 17 6 December 6 . . £12 17 6 £14 0 0 South Sea South Sea Plantation Smoked to Genoa Sun-Dried Hot-air Dried.

London and Marseilles, to London. Rabaul.

Price on— Per ton, c.i.f.

Per ton, c.i.f.

Per ton, c.i.f.

Jan. 3. ’36 £13 2 6 £13 15 0 £14 0 0 Mar. 6 . . £11 15 0 £12 15 0 £13 0 0 June 5 . . £11 10 0 £12 0 0 £12 17 6 Sept. 4 . . £13 2 6 £13 10 0 £14 12 6 Dec. 4 . . £19 7 6 £19 7 6 £20 7 6 Jan. 8, ’37 £22 12 6 £22 12 6 £23 12 6 Mar. 5 . . £19 0 0 £19 5 0 £20 0 0 June 4 . . £15 15 0 £15 12 6 £16 12 6 Sept. 3 . . £13 5 0 £13 5 0 £14 0 0 Dec. 3 . . £12 10 0 £12 12 6 £13 7 6 Jan. 7, '38 £12 12 6 £12 15 0 £13 12 6 Feb. 4 . . £11 2 6 £11 10 0 £12 7 6 Mar. 4 . . £10 17 € £11 0 0 £12 0 0 Apr. 1 . . £10 10 0 £10 12 6 £11 10 0 May 6 . . £10 17 6 £10 17 6 £11 17 6 June 3 . . £9 15 0 £9 15 0 £10 12 6 July 1 . . £9 17 6 £9 17 6 £10 17 6 Aug. 5 . . £9 15 0 £9 15 0 £10 15 0 Sept. 2 . . £9 10 0 £9 10 0 £10 10 0 Oct. 7 . . £9 2 6 £9 2 6 £10 2 6 Nov. 4 . . £8 12 6 £8 12 6 £9 10 0 Dec. 2 . . £9 5 0 £9 5 0 £10 2 6 Jan. 6, ’39 £9 12 6 £9 15 0 £10 10 0 Feb. 3 . . £9 10 0 £9 12 6 £10 10 0 Feb. 24 . £9 17 6 £10 2 6 £11 0 0 Mar. 3 . . £10 0 0 £10 2 6 £11 0 0 Mar. 24 . £9 15 0 £9 17 6 £10 17 6 Apr. 6 , . £9 12 6 £9 15 0 £10 12 6 Apr. 28 . £9 17 6 £10 0 0 £11 0 0 May 5 . . £10 0 0 £10 5 0 £11 0 0 May 12 . £10 5 0 £10 10 0 £11 5 0 May 19 . £10 5 0 £10 7 6 £11 2 6 May 26 . £10 7 6 £10 10 0 £11 7 6 June 2 . . £10 7 6 £10 10 0 £11 7 6 June 9 . . £10 5 0 £10 10 0 £11 7 6 June 16 . £9 15 0 £10 0 0 £10 17 6 June 23 . £9 10 0 £9 15 0 £10 15 0 June 30 . £9 5 0 £9 7 6 £10 7 6 July 7 . . £9 2 6 £9 7 6 £10 5 0 July 14 . £9 0 0 £9 5 0 £10 0 0

July 21 . £8 15 0 £8 17 6 £9 12 6 July 28 . £9 0 0 £9 2 6 £10 0 0 Aug. 4 . £9 2 6 £9 5 0 £10 5 0 Aug. 11 . £9 2 6 £9 5 0 £10 5 0 Aug. 18 . £9 0 0 £9 2 6 £10 5 0 Aug. 25 . £9 5 0 £9 7 6 £10 7 6 Sept. 1 . . £9 10 0 £9 12 6 £10 12 6 Sept. 8.—Not quoted—outbreak of war.

Sept. 15 to 29.—Not Oct. 6 . . £11 15 quoted, 0 [unquoted] £12 15 0 Oct. 12.—Fixed price based on £12/7/6 per ton. c.i.f., London, for plantation hot-air dried.

Jan, 8, 1940.—April 20, 1940.—Fixed price, for plantation, hot-air dried, £13/5/- per ton. c.i.f., London.

April 20, 1940.—Fixed price for plantation, hotair dried, £12/17/6 per ton, c.i.f., London.

Since then, quotations nominal, as above.

Rubber

London Price on— January 6, 1933 Para, per lb, 4%d Plantation Smoked, per lb. 2.43d July 7 5%d .. 3.71d December 8 .. .. 4%d 4.0%d January 5, 1934 .. 4‘Ad .. 4,28d July 6 5‘/ 2 d .. 7.06d December 28 . . . 5d 6‘Ad January 4, 1935 . 5d 6%d July 5 5d .. 7%d December 6 .. 6 3 Ad 6%d January 3, 1936 , 6 3 Ad 6V«.d June 5 9d .. 7Vid December 4 . . . . 1/- .. 9 l-16d January 8, 1937 .. 1/2 .. 10V4d June 4 lid 9 5-8d December 3 .. .. 7‘/ad .. 7‘/ad January 7, 1938 .. 7‘Ad 7d July 1 8 3 Ad 7y«d December 2 .. .. 7‘/ad 8d January 6, 1939 . . 7d 8Vid July 7 7%d 8y 4 d December 1 ,. ..

January 5, 1940 . . 12d 13d .. ll%d .. 11.6 7 /ad February 2 13d .. ll%d March 1 12%d .. 12‘/ a d April 5 12 3 Ad .. 10%d May 3 14d .. ny 4 d June 7 15‘/ad , . 12y 4 d July 5 15d • . 12%d August 2 13‘/ad .. 13d September 6 .. .. 12d .. 12 3-16d October 4 12d .. liy 8 d November 1 .. .. 12d .. 11 13-16d November 15 .. . 13d .. 12d November 29 ., , 13d .. ny 8 d December 6 .. .. 13d .. 12d December 13 .. . 13d .. 12.09d December 20 .. . 13d .. 12d December 27 ,. . 13d .. 12d January 3, 1941 13d .. 12.47 7 /a January 10 13d .. 12‘/ad January 17 13d .. IWzd January 24 .. .. 13d .. 12.43/ed January 31 .. .. 13d .. 12.5%d February 7 13d .. 12.5%d February 14 .. . . 13d .. 12%d February 21 13‘/ad .. 12.9%d February 28 . . .. 14d .. 13.28‘/ad March 7 March 14 15d 15d . . 13 5 /sd . . 13 3 Ad March 21 15d . . 14.4%d March 28 15d . . 14.3‘/ 8 d April 4 15d to 14 ‘/ad . . 14 ‘/ad April 11 15d to 14‘Ad .. 14.3y 8 d April 18 15‘/ 2 d to 14‘Ad .. 14.5 s /ad April 25 l5‘/ad .. 14‘/ad May 2 16.‘/ad .. 14.0%d May 9 16‘/ad .. 14‘Ad