Exchange Rates

THE following exchange quotations show the rates existing in Sydney, mid-November:—

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:— Buying Selling

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-London on basis of £lOO London:—

Samoa on New Zealand, on basis of £lOO NZ:—Buying, £100; selling, £lOO/10/-, Samoa on Fiji, on basis of £lOO Samoa:— Buying, £111; selling, £llO.

Samoa on USA on basis of £1 Samoa (tele graphic transfer): Buying, 2.795'l dollars, sell ing, 2.7586 dollars.

The Bank of NZ in Apia pays the following Samoan currency prices for overseas notes:— NZ notes • f 1 * 01 Australian notes 15/6 for £AI USA notes .. .. 7/3 (approx.) per dollar Fijian notes 17/6 per £PI

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 Pf£ts of the French Empire, has been given different values in different Colonial Groups. There are; three groups. Group 1 fusing Metropolitan i francs.): France, North Africa, West Indies., French Guiana. Group 2 (using African francs) ■ All African Colonies, Madagascar Reunion St..

Pierre Miquelon. Group 3 (using Pacific francs) ■ ■ New Caledonia, New Hebrides, French Oceania..

In September, 1949, when Britain and Australia! devalued their currencies, in relation to the, US dollar, the franc rate was altered as showm below (nominal DgA Do] £ Aust „ Group 1 (Metrop.) .. 981 349'. 20 777 r Group 2 (African) Quotations not yet available..

Group 3 (Pacific) .. 178.37 142.86 ♦Rate still to be fixed. , All quotations are subject to daily fluctuations...

£ 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 transler .

On demand 100 7 6 99 9 3 101 10 0 101 10 0