Exchange Rates

THE following exchange quotations show the rates existing in Sydney in June; —

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; —

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

The Bank of NZ in Apia pays the following Samoan currency prices for overseas notes: — NZ notes .. .. £1 for £1 Australian notes 15/6 for £A1 USA notes 4/9 per dollar Fijian notes 17/6 per £F1

Papua-New Guinea

Bank of New South Wales, which now has branches In Port Moresby, Lae, and Rabaul quotes an exchange rate between Australia and Papua-New Guinea of 10/- per £100.

Similar rates through Commonwealth Bank of Australia (branches at Port Moresby, Lae, Rabaul and Madang).

French Pacific Colonies

SINCE the $nd 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

London: — Buying Selling £ s. d. £ s. d Telegraphic transfer . 100 7 6 101 10 0 On demand 99 9 3 101 10 0

Samoa:— Buying Selling Dollars Dollars Telegraphic transfer .. .. 4.03736 3.91872 On demand 4.07943 3.92118

£ Stg.

USA Dollar £ Aust.

Group 1 ... 860 216 684 Group 2 .. 508.23 126 409.5 Group 3 (Pacific) 200 49.6 159