Exchange Rates
p. 90 · Read in the full issue
THE following exchange quotations show the rates existing in Sydney in November:—
Fiji
Through Bank of NSW and Bank of New Zealand:—Australia on Fiji on basis of £100 Fiji: Buying, £Alll/2/6; selling, £A113. Fiji- London on basis of £100 London: —
Western Samoa
Through Bank of New Zealand: —Australia on Western Samoa on basis of £100 Samoa: buy ing, £A123/12/6; selling, £A124/10/9.
Samoa on London, on basis of £ 100 in London: —
Samoa on New Zealand, on basis of £100 NZ;—Buying, £100; selling, £100/10/-.
Samoa on Fiji, on basis of £100 Samoa: — Buying, £111; selling, £110.
Samoa on USA and Canada, on basis of £1 Samoa: — Buying Selling Dollars Dollars Telegraphic transfer .. .. 4.03736 3.91872 On demand 4.07943 3.92118 The Bank of NZ in Apia pays the following Samoan currency prices for overseas notes re ceived in the normal course of business;— NZ notes £1 for £1 Australian notes 15/6 for £A1 USA notes 4/9 per dollar Fijian notes 17/6 per £F1 Silver coinage as accepted at the following rates: Australian 2/- (equals 1/6), 1/- (9d.), 6d. (4d.), 3d. (2d.). Fijian 2/- (equals 1/9), 1/- (lOd.), 6d. , (5d.), 3d. (2d.).
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 £100.
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 Colonial Groups. 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 . .. Ill 2 6 113 0 0 On demand .. Ill 2 6 113 0 0
Buying Selling £ s. d. £ s. d.
Telegraphic transfer . 100 7 6 101 10 0 On demand 99 9 3 101 10 0