Exchange Rates

THE following exchange quotations show the rates existing in Sydney in mid-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.

Fiji-London, on basis of £lOO London; TT or On Demand: Buying, £lll/2/6; selling, £ll3.

Western Samoa

Through Bank of New Zealand: —Australia on Western Samoa, on basis of £lOO Samoa; buy ing, £ A123/12/6; selling, £AI24/10/9.

Samoa-London. on basis of £lOO London: TT: Buying. £lOO/7/6; selling, £lOl/10/-.

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.

Papua-New Guinea

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

French Pacific Colonies

Post-war, the franc, instead of having the same value in all parts of the French Union, was given different values in different Colonial Groups—Group 1 (Metropolitan francs): France and Algeria. Group 2 (African francs): African Colonies and Madagascar, etc. Group 3 (Pacific francs): New Caledonia. New Heb rides, French Oceania. Exchange values, in francs, are (nominal only):

£Stg.

US Dol. £ Aust.

Group 1 (Metrop.) 980f. 350f. 777f.

Group 2 (African) 490 175 390 Group 3 (Pacific) 178.25 64 141.75