Exchange Rates
p. 62 · Read in the full issue
'T'KE following exchange quotations, gathered in Sydney, show the rate existing in mid- September:—
Fiji
Through Bank of NSW and Bank of New Zealand:—Australia on Fiji on basis of £lOO Fiji: Buying, £Alll/2/6; selling, £AII3. Fiji- London on basis £IOQ 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 Commonwealth Bank and Bank of NSW: —Australia on Port Moresby and Samarai, Papua, 10/- per cent.; on Rabaul, NG, 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 And Tahiti
London banks nowadays are not quoting on Paris: therefore the rates furnished to the •‘PIM” by the Comptoir National d’Escompte de Paris, Sydney, and the Bank of NSW are no longer available. Most of the business between the Free French Colonies in the Pacific and Australia is being done in Australian currency: but there is in existence an unofficial, fluctuat ing 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 .. 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 —