Exchange Rates

'T'HE following exchange quotations, gathered in Sydney, show the rates existing in mid- June: —

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 £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 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. r i*. £AI2S/10/- equals £stg. 100.

New Caledonia And Tahiti

As the result of the French surrender, with the consequent dislocation of the Anglo-French banking system, London has not been quoting on Paris. The rates furnished to the' “PIM” by the Comptoir National d’Escompte de Paris, Sydney, and the Bank of NSW were based on the London-Paris rates and so there have been no quotations available. Most of the business between the French Colonies in the Pacific and Australia, however, is being done in Australian currency; but there is in existence an unoffi cial, fluctuating rate of between 140 and 143.5 francs to the Australian £.

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