Exchange Rates

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

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 £lOO London:

Western Samoa

wSm !k w! 0f K N f w Zea,an d : —Australia on Samoa, basis £lOO Samoa—buying £ A99/12/6; selling, £AIOO/2/6. Samoa Y on London, basis £lOO In London:—

New Guinea And Papua

Through Commonwealth Bank and Bank of

NSW:—Australia on Port Moresby and Samaral 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 Pans; therefore the rates furnished to the “PIM” by the Comptoir National d’Escompte de Pans, 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 £.

Mr. S. H. Ellis, MBE, of Suv£, has been appointed a member of the Executive Council of Fiji, for two years, in place of Mr. H. King Irving, whose term has

expired.

Buying.

Selling. £ s. d. £ s. d.

Telegraphic transfer . .. 110 15 0 112 0 0 On demand .. 110 12 6 111 17 6

Telegraphic transfer g ' £ 125 ° n H ei ? and £122 18 9 125 7 6 JJ days 122 8 9 125 2 6 days 121 18 9 124 17 6 days 121 8 9 124 12 6 120 days 120 18 9