Exchange Rates
p. 106 · Read in the full issue
THE following exchange quotations show 1 rates existing in Sydney on October 13;—
Fiji
Through Bank of NSW and Bank of N Zealand:—Australia on Fiji on basis of £: Fiji: Buying, £Alll/2/6; selling. £AII3. Fi London on basis of £lOO London;—
Western Samoa
Through Bank of New Zealand:—Australia Western Samoa on basis of £100 Samoa: bv ing. £ A123/12/6; selling, £A124/10/9.
Samoa-London on basis of £100 London; —
Samoa on New Zealand, on basis of £1 NZ:—Buying, £100; selling, £100/10/-.
Samoa on Fiji, on basis of £100 Samoa Buying, £111; selling, £110.
Samoa on USA on basis of £1 Samoa (te graphic transfer): Buying, 2.7991 dollars; se ing, 2.7586 dollars.
The Bank of NZ in Apia pays the followi Samoan currency prices for overseas notes:— NZ notes £1 for £1 Australian notes 15/6 for £A1 USA notes .. .. 7/3 (approx.) per dollar Fijian notes 17/6 per £F1
Papua-New Guinea
Bank of New South Wales, which h branches in Port Moresby, Lae, and Raba quotes an exchange rate between Australia a: Papua-New Guinea of 10/- per £100.
Similar rates through Commonwealth Ba of Australia (branches at Port Moresby, L i Rabaul and Madang).
French Pacific Colonies
SINCE the end of 1945, the franc, instei of having the same value in all parts the French Empire, has been given differe values in different Colonial Groups. There a three groups. Group 1 (using Metropolit francs.): France, North Africa, West Indi< French Guiana. Group 2 (using African francs Ail African Colonies, Madagascar. Reunion, £ Pierre, Miquelon. Group 3 (using Pacific francs New Caledonia, New Hebrides, French Ocean: In September, 1949, when Britain and Austral devalued their currencies, in relation to t US dollar, the franc rate was altered as sho\ below (nominal only):— £ Stg. USA Dol. £ Aui Group 1 (Metrop.) . 981 349.20 777 Group 2 Quotations not yet availab Group 3 (Pacific) .. 180.12 • 142.8 ♦Rate still to be fixed.
All quotations are subject to daily fiuctuatior
Buying Sellir £ s. d. £ 6.
Telegraphic transfer . .. Ill 2 6 113 0 On demand .. Ill 2 6 113 0
Buying Sellir £ s. d. £ s.
Telegraphic transfer . 100 7 6 101 10 On demand 99 9 3 101 10