Exchange Rates
p. 90 · Read in the full issue
THE following exchange quotations show the rates existing in Sydney in August;
Fiji
Through Bank of NSW and Bank of New Zealand:— Australia on Fiji on basis of £lOO Fiji; Buying, £Alll/2/6; seUmg, £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- Sg £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, Lae, and Rabaul quotes an exchange rate between Australia anc NG-Papua of 10/- per £lOO.
French Pacific Colonies
SINCE the end of 1945, the franc, instead of having the same value in all parts o the French Empire, has been given differenl values in different parts of the Empire. Then are three groups. Group 1: France, Nortl Africa. West Indies, French Guiana. Group 2 All African Colonies, Madagascar Reunion St Pierre, Miquelon. Group 3 New Caledonia New Hebrides, French Oceania. The Group Sane was devalued in January, 1948. Exchange values, in francs, are approximately.—
Buying Selling £ s. d. £ s. d.
Telegraphic transfer . .. 110 15 0 112 0 0 On demand 110 12 6 111 17 6
Telegraphic transfer .
On Demand ,. .. ,. . • Buying £ s. d. 122 18 9 Selling £ s. d. 125 10 0 125 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 —
£ Stg. USA Dollar £ Aust
S5:: B5i »
Grouo 3 . . 200 49.6 159