Exchange Rates
p. 90 · Read in the full issue
THE following exchange quotations show the rates existing in Sydney in September:—
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, £AI23/12/6; selling, £AI24/10/9. 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 and NG-Papua of 10/- per £lOO.
Similar rates through Commonwealth Bank.
French Pacific Colonies
SINCE the end of 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: France, North 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 1 franc was devalued in January, 1948. Exchange values, in francs, are (nominal only):
Buying Selling £ s. d. £ s. d.
Telegraphic transfer ... 110 15 0 112 0 0 On demand 110 12 6 111 17 6
Buying Selling £ s. d. £ s. d- Telegraphic transfer . 100 7 6 101 10 0 On Demand 99 S’ 3 101 10 0 30 days 99 0 3 — 60 days 98 12 0 — 90 days 98 3 9 — 120 days 97 15 6 —
£ Stg.
USA Dollar £ Aust.
Group 1 .. 860 216 684 Group 2 .. 508.23 126 409.5 Group 3 .. 200 49.6 159