The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 December 1957Vol. XXVIII, No. 5

Exchange Rates

p. 162 · Read in the full issue

FlJl.—Through BANK OF NSW, AN# BANK and BANK OF NZ. Australia on Fiji, basis £lOO Fiji: Buying, £Alll/2/ffl Selling, £AII3. Fiji-London, basis £ 100 i London: B. £llO/15/-; S. £ll2. NZ-Fiji basis £lOO NZ: B. £lll/11/9; S. £llO/4/31 SAMOA.—Through BANK OF NZ. Aus| tralia on Samoa, basis £lOO Samoa!

B. £ A123/12/6; S. £124/10/9. Samoa!

London, basis £lOO London; B. £99/7/61 S. £lOl/10/-. Samoa-NZ, basis £lOO NZ| B. £100: S. £lOO/10/-. Samoa-Fiji, basil £lOO Samoa: B. £111; S. £llO.

Papua - Ng.—Commonwealth Bans

(Pt. Moresby. Lae, Rabaul, Goroka. BulolO,, Kavieng, Madang, Wewaki, BANK OF NSW (branches: Port Moresby, Lae, Buloloj Rabaul. Madang, Samarai, Gorokai agencies: Wau, Boroko, Kokopo), AN® BANK (Port Moresby) and NATIONAIj BANK OF A/ASIA, (Port Moresby) quote exchange rate Australia-Papua-NG: 10/1 per £ AlOO.

NORFOLK IS. —Commonwealth Ban! quotes exchange rate Australia - Norfolk Island: 5/- per £AIOO.

FR. PACIFIC COLONIES.—Pacific francSl most valuable of the three franc groupp in French Union, are used in New Cale» donia, new Hebrides, and Fr. Oceani* FRENCH BANK (Comptoir Nation# D’Escompte de Paris) in Sydney quote* Selling Noumea: 168 Pac. fr. to £ Aust* Papeete; 166 56 Pac. fr.; Noumea-Papeetei S. 208 Pac. fr. to £Stg. Noumea-Papeet# B. 75.82 Pac. fr. to US $. Peanut production in Papua-New Guinea: is increasing rapidly. This crop is likely? to become one of the most popular o| introduced crops. It grows easily andfc supplies some of the protein that th® natives lack. It has grown in NG sine* German days but has made most prof gress in the last 10 years.