Exchange Rates

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

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:—

New Guinea And Papua

Only nominal at present.

Free French Pacific Colonies

Buying, 140; selling, 143; francs to Aust. £.

Oct. 6 . . £ll 15 0 [unquoted] £l2 15 0 Oct. 12. —Fixed price based on £l2/7/6 per ton, c.i.f., London, for plantation hot-air dried.

Jan. 8, 1940, to April 20, 1940. —Fixed price for plantation hot-air dried, £l3/5/- per ton, c.i.f., London.

April 20, 1940.—Fixed price for plantation hot air dried, £l2/17/6 per ton, c.i.f., London.

On February 18, 1942, Fiji and Tonga copra, Ist grade, was fixed at £lB per ton (Fijian), f.0.b.; and in July: Plantation Grade, £lB/5/-; Fair Merchantable Sun-dried, £18; and Under grade, £l7/15/-. The values are stated in Fijian currency. To get Australian or New Zealand values, add 12 y 2 per cent.; sterling values, deduct 12 y 2 per cent.

In April, 1942, unofficial quotations in Sydney were around £24 (Aust.) per ton, c.i.f., Sydney.

July, 1943. —N. Guinea and Papuan copra under Aust. Government control. Fixed prices, payable at port of shipment, or on plantation, where no coastal shipment is involved: Hot-air Dried, £l5/10/-; Sun-dried, £l5; Smoke-dried, £l4/10/per ton. These prices subject to circumstantial considerations.

In September, 1943. prices were revised as follows: Hot-air and Sun-dried, £lB/10/-; Smoke-dried, £l7 per ton. Tentative there after.

Government selling prices to processors: New Guinea and Papuan Hot-air and Sun-dried, £2B per ton; Smoke-dried, £27 per ton, ex ship’s slings.

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 £100 Samoa: Buying, £ A99/12/6; selling, £ A100/2/6.

Samoa on London on basis of £100 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 —

L- London

Copra

South Sea, Plantation, Sun-dried Hot-air Dried, to London Rabaul Price on— Per ton, c.i.f.

Per ton, c.i.f.

January 1 1932 .. £14 0 0 £14 15 0 June 17 . £13 2 6 £13 5 0 December 16 .. £14 2 6 £14 5 0 January 6 1933 £13 0 0 £13 12 6 June 30 . £10 17 6 £11 0 0 December 1 .. £8 12 6 £9 0 0 January 5 1934 £8 0 0 £8 7 6 June 15 . £8 0 0 £8 12 6 December 28 .. £9 0 0 £9 12 6 January 4 1935 £9 5 0 £10 5 0 June 7 . £11 15 0 £12 7 6 December 6 South Sea £12 17 6 South Sea £14 0 Plantation 0 Smoked to Genoa Sun-dried Hot-air Dried London and Marseilles to London.

Rabaul.

Price on— Per ton, c.i.f.

Per ton, c.i.f. Per ton, c.i.f.

Jan. 3, ’36 £13 2 6 £13 15 0 £14 0 0 Mar. 6 . . £11 15 0 £12 15 0 £13 0 0 June 5 . £11 10 0 £12 0 0 £12 17 0 Sept. 4 . £13 2 6 £13 10 0 £14 12 6 Dec. 4 , £19 7 6 £19 7 6 £20 7 6 Jan. 8, ’37 £22 12 6 £22 12 6 £22 12 6 Mar. 5 . £19 0 0 £19 5 0 £20 0 0 June 4 . £15 15 0 £15 12 6 £16 12 6 Sept. 3 . £13 5 0 £13 5 0 £14 0 0 Dec. 3 . £12 10 0 £12 12 6 £13 7 6 Jan. 7, ’38 £12 12 6 £12 15 0 £13 12 6 Mar. 4 . £10 17 6 £11 0 0 £12 0 0 June 3 £9 15 0 £9 15 0 £10 12 6 Sept. 2 . £9 10 0 £9 10 0 £10 10 0 Dec. 2 . £9 5 0 £9 5 0 £10 2 6 Jan. 6, '39 £9 12 6 £9 15 0 £10 10 0 Feb. 3 . £9 10 0 £9 12 6 £10 10 0 Mar. 3 . £10 0 0 £10 2 6 £11 0 0 Apr. 6 . £3 12 6 £9 15 0 £10 12 6 May 5 . £10 0 0 £10 5 0 £11 0 0 June 2 . £10 7 6 £10 10 0 £11 7 6 July 7 . £9 2 6 £9 7 6 £10 5 0 Aug. 4 . £3 2 6 £9 5 0 £10 5 0 Sept. 1 . £9 10 0 £9 12 6 Sept. 8. —Not quoted—outbreak of Sept. 15 to 29. —Not quoted. £10 war. 12 6