Exchange Rates
p. 46 · Read in the full issue
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, £ All 1/2/6; selling, £AII3. FIJI - on basis of £lOO London:— Buying. Selling. £ s. d. £ s. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand 110 12 6 111 17 6
Western Samoa
Through Bank of New Zealand:—Australia on Western Samoa on basis of £lOO Samoa: Buy ing, £ A99/12/6; selling, £AIOO/2/6. Samoa on London on basis of £lOO in London: — 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
New Guinea And Papua
Only nominal at present.
Free French Pacific Colonies
Since the collapse of Prance, 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 £.