Exchange Rates
p. 90 · Read in the full issue
THE following exchange quotations show the rates existing in 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 - on basis of £lOO London: —
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: —
New Guinea And Papua
Bank of New South Wales, which now has branches in Port Moresby and Lae, quotes an exchange rate between Australia and NG-Papua of 10/- per £lOO.
French Pacific Colonies
SINCE December 25, 1945, the franc, Instead of having the same value in all parts of the French Empire, has been given different values in different parts of the Empire. There are three groups. Group 1: Prance, North Africa, West Indies, French Guiana. Group 2: All African Colonies, Madagascar, Reunion, St.
Pierre, Miquelon. Group 3: New Caledonia. New Hebrides, French Oceania. Exchange values, In francs, are approximately:
Buying. Selling. £ s. d. £ s. d.
Telegraphic transfer ... 110 15 0 112 0 C On demand 110 12 6 111 17 8
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 e 120 days 120 18 9 — I
£ stg.
USA Dollar £ Aus.
Group 1 .. . 480 119.1 • 384 Group 2 • 282.9 70 227 Group 3 .. . 200 49.6 160-163