Exchange Rates

THE following exchange quotations show the rate existing in Sydney in mid-October:—

Fiji

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

Western Samoa

Through Bank of New Zealand:— Australia or 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 £lOl 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, 2.7931 dollars; sell Ing, 2.7586 dollars.

Papua-New Guinea

Commonwealth Bank of Australia (branches Pt Moresby, Lae, Rabaul, Madang) and Bank a New South Wales (branches: Pt. Moresby, Lae Rabaul) quote an exchange rate between Aus tralia and Papua-New Guinea of 10/- per £10(i

“* French Pacific Colonies

In 1945, the franc, instead of having tlr same value in all parts of the French Unioir was given different values in difieren Colonial Groups—Group 1 (Metropolitan francs]; France, North Africa, West Indies, Freno Guiana. Group 2 (African francs): All Africa Colonies, Madagascar, Reunion. St. Piern Miquelon. Group 3 (Pacific francs): Nes Caledonia, New Hebrides, Fr. Oceania. Exchang; values, in francs, at present are (nominal onll subject to daily fluctuations): —

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

Buying Selling £ 8. d. £ s. d Telegraphic transfer . 100 7 6 101 10 i On demand 99 9 3 101 10 1

£ Stg. USA Dol. £ Auk Group 1 (Metrop.) 981f. 349.20f. 777T Group 2 (African) 490 175 8883 Group 5 (Pacific) 178.37 60 141.769