Exchange Rates

THE following exchange quotations show the rates existing in Sydney in mid-June:—

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 of £lOO London;—

Western Samoa

Through Bank of New Zealand;—Australia on Western Samoa on basis of £lOO Samoa: Buy ing, £A95'/12/6; selling, £AIOO/2/6. Samoa on London on basis of £lOO in London:—

New Guinea And Papua

Only nominal at present.

Free French Pacific Colonies

Since the collapse of France, London banks have suspended their quotations on Paris; there fore the French Pacific Colonial bank rates formerly furnished to the “PIM” by the Comp toir National d’Escompte de Paris (Sydney) and the Bank of NSW (Sydney) are unavailable.

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, fluctuating rate of be tween 140 and 143.5 francs to the Australian £.

Buying.

Selling. £ s. d. £ s. d.

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

Buying.

Selling. £ s. d. £ s. d.

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 —