Exchange Rates

THE following exchange quotations show thu rates existing in Sydney in mid-August:—

Fiji

Through Bank of NSW and Bank of New Zealand:—Australia on Fiji on basis of £10(C Fiji: Buying, £Alll/2/6: selling. £AII3. Fiji-1 London on basis of £lOO London: —

Western Samoa

Through Bank of New Zealand: —Australia on< Western Samoa on basis of £lOO Samoa: ing. £AI23/12/6: selling. £AI24/10/9.

Samoa-London on basis of £lOO London:—

Samoa on New Zealand, on basis of £10(0 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 (teles graphic transfer): Buying, 2.7991 dollars; seIHJ ing, 2.7586 dollars.

Papua-New Guinea

Commonwealth Bank of Australia (branchesa Ft. Moresby, Lae, Rabaul, Madang) and Bank oo New South Wales (branches: Ft. Moresby, Lae?

Rabaul) quote an exchange rate between Ausa tralia and Papua-New Guinea of 10/- per £100)<

French Pacific Colonies

Since 1945, the franc, instead of having thirl same value in all parts of the French Unions has been given different values in different!

Colonial Groups—Group 1 (Metropolitan francs) ( Prance, North Africa, West Indies, PrencEo Guiana. Group 2 (African francs); All Africarr Colonies, Madagascar, Reunion, St. Pierre?- Miquelon. Group 3 (Pacific francs): New; Caledonia, New Hebrides, Fr. Oceania. Exchange values, in francs, at present are (nominal subject to daily fluctuations): —

Buying Selling j £ s. d. £ s d: Telegraphic transfer ... Ill 2 6 113 0 i On demand Ill 2 6 113 0 (

Buying Selling i £ s. d £ s. db Telegraphic transfer 100 7 6 101 10 I On demand 99 9 3 101 10 <

£ Stg.

USA Dol. £ Auat Group 1 (Metrop.) 981 349.20 77'T Group 2 (African) 490 175 38' 8 Group 3 (Pacific) . 178.37 60 141.71V