Exchange Rates
p. 62 · Read in the full issue
THE following exchange quotations, gatherec in Sydney, show the rates existing in mid July:—
Fiji
Through Bank of N.S.W. and Bank of Nev Zealand:—Australia on Fiji on basis of £10( Fiji: Buying £Alll/2/6, selling £AII3. FIJI London on basis £lOO London:—
Western Samoa
Through Bank of New Zealand;—Australia oi Western Samoa, basis £lOO Samoa—buying £ A99/12/6; selling, £AIOO/2/6. Samoa o* London, basis £lOO in London:—
New Guinea And Papua
Through Bank of N.S.W.: —Australia on Pc Moresby and Samaral, Papua, 10/- per cen 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 a.i Australia on London and vice versa.
Through Commonwealth Bank:—Australia oi Port Moresby and Samaral, Papua, 10/- pe; cent.; on Rabaul, N.G., 10/- per cent.—othe: Papua and New Guinea districts, £ 1 per cent.
Rabaul on London, same as Australia or London;— Buying: T.T. £AI2S equals £stg. 100.
Selling: T.T. £AI2S/10/- equals £stg. 100.
New Caledonia And Tahiti
As the result of the French surrender, witl the consequent dislocation of the Anglo-Frencl 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 beer: 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 unoffir cial, fluctuating rate of between 140 and 143.!. francs to the Australian £.
Buying.
Selling. £ s. d. £ s. d Telegraphic transfer . .. 110 15 0 112 0 i On demand .. 110 12 6 111 17 3
Buying. Selling.
Telegraphic transfer — £125 10 ( On Demand £122 18 9 125 7 i 30 days 122 8 9 125 2 i 60 days 121 18 9 124 17 I 90 days 121 8 9 124 12 > 120 days 120 18 9 -