Exchange Rates

HPHE following exchange quotations, gathered A in Sydney, show the rates existing in mid- January:—

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

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; —As from December 11, 1941, the exchange rate between Papua and New Guinea and all centres in Australia, and vice versa, is 10/per cent.

New Guinea 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 .. .. .. 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 —