Exchange Rates

THE following exchange quotations show the rates existing in Sydney 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. Piji- London on basis of £lOO 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 New Zealand, on basis of £100 NZ:—Buying, £100; selling, £100/10/-.

Samoa on Fiji, on basis of £100 Samoa; — Buying, £111; selling, £110.

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

Papua-New Guinea

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

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

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

Samoa on London, on basis of £100 in London:— Buying Selling £ s. d. £ s. d.

Telegraphic transfer . 100 7 6 101 10 0 On demand 99 9 3 101 10 0

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

a £ stg. USA Dollar £ Aust.

Group 1 .. .. 860 216 684 Group 2 .. .. 508.23 126 409.6 Group 3 (Pacific) 200 49.6 159