Islands Produce

Unless otherwise stated, quotations are i Australian currency. Aust. £ equals pproximately 16/- S tg., NZ, or W. *PHr’ 18/ " TO *% Ton S a - Solomons & PHC areas; 168 Pac. Frs.; SUS 2.20-2.30 )

Copra

The British Ministry of Food 9-years mtract, which governed Copra prices n f apua f nd Ne r w Quinea - FIJI. Western .moa Solomon Islands, and Gilbert and * c ® Col ° n y (and - t 0 some extent, In XrT ?oc°-, k l! ! lands) expired on De mber 31. 1957; since when each Terri *.aS ma^ e lts OWn arrangements for aADT^i 1 and ma rketlng of copra.

GUINEA :-All production Copra Marketing Board. itroHed by Government; and the Board ects distribution and sales, and makes pments to the producers. Production -s mainly to (a) Unilever (under con ct covering 1958), (b) Australia (fSr LhZ Um D ton) and (c) crushlng-mlll Rabaul. Prices generally arranged In ?ket an unni th rUling rate ln ‘ -H. mlever Price; Manila FM grade

“hoS S lUms «P *«A per'ton

“Tentative” Price For New Guinea i January, p_ng Copra Board an. need “Tentative Prices”, from Januarv ■Dri C e°d Pra £A e 47 Vered main ports: Hot .?Soke^ 7 ed Pe |4l/°?; 6 ™ «r>;^; NO 4? overnment control—producers wnarr. Suva, is announced each week

rau.- Ksssa*s

re nl n ma H es payments to producers r«i°4~A Sa l es are under Government [ of Production goes to Europe ed by PhihS Wlth 4 Unllever con -0 open market 8 PrIC6S ’ and part igh M ?fflH;T A o product ion marketed igh official Copra Board, at nrlces 1 on Philippines market. Price de- E A ur ”p D e wS (9 A 6 lC ir : lA r 4 o n dUCerS recelve 4 cents lb

-7 Pac,

ent F^ni.s. /3) dellvered Vila/Santo. ent French price, 84.500 Metron rate about £NZ3O per ton.

Other Produce

r.S OC P A: 7:l slandß prices are based on the rate for Ghana cocoa which on July 9 p £ ®tg.373/15/- per ton ’ c - i f - London. ton’ci,?V^d„ y . y 10: Ar ° Und £A4O ° lS™ SA “° A: 7pla Ce qU ° tM ear ' y July COFFEE;— P.N.G.: July 9; Good grades range from 4/8 lb and up c.i.f. Sydney.

Top quality about 4/11 lb Overseas supplies still freely available ° verseas * enya Arabica, A grade, f.a.q., B grade ’ f - a -q- £Stg.sos; C c^ a f de ’Ai7 f t a q " £stg - 479 : aII Per ton and c.i.f. Aust. ports.

PEANUTS; —P.-N.G.: July 9; Kernel's into store >’ Virginia bunch, in shell, large, well-cleaned up to 1/3 del. Sydney ™ ps coming in from Queensland and Northern NSW. NG. in tvoes other than Virginia bunch, hard to sell at 8d RUBBER:— P.-N.G. price is based on Singapore rate, which on July 8 was- No i rsS, spot. 78 Straits cents (27 08d Aust. approx.) per lb.

VANILLA BEANS: Victor Karp. Tulk & Co.. Sydney, reported on July 10- New Ye°now C i a f hi Sydney> Tahiti ™me and ?7/- Green 65/?. rOCeSSed Standard packs 19^8 IC P vr tra H an>: r PrlCe from May L ll2 8 Th P h«;?" K D / y brown and dressed. 112 lb bags, 5 tons and over, £6l/10/fon t( Jm f ?™, : under 5 tons £62 per m hq y itaml . sed and enriched white. 112 lb bags, 5 tons and over, £6B per ton J:°- w unde /, 5 tons. £6B/10/- per ton.’

Gtber Pa< / Is,ands: L>ry, brown, etc., £7O per ton, f.0.w.. Sydney or Melbourne. ir,H EAR x SHELL.—May 9 quotation by £A7so nd n nt f unchanged. Sound! £A7SO, D £ASSO; E, £A375; EE. £A2OS Ses St r o apoS ney) - C °° k bu™S H b U efn7don r e et S “ n Weak ' N ° GREEN SNAlL:—Merchants report no business being done. p

London and US Quotations

hnUr° Pra T : i L / ° A ndon , July 9: Philippines in bulk, July/Aug. $191.50 seller; Straits/

?i r f ne u K /th me . rchantable ’ del - wei e hts ’ c ;“; UK/ Nth. Europ. ports. July/Aug.. £Stg.7l, seller. New York. July 9. Philin pines, c.i.f. US Pacific ports, $lB2 asked. no Australian is about equal to 2.25 us Dollars.) Coconut Oil: London, July 9 Straits

crude bulk, c.i.f.. £stg.’los tL, Jufy/Aug’

nnrf r ' 4>St eyl i°oo bUlk ’ UK / Ntb - Europ. port, £Stg.lo9, per ton. July/Aug. seller.

Rubber:—London, July 8: RSS No 1 I? d «g buyers; July-September, 23' 8 d Stg. March, 1959, 22 5 / B d.

Exchange Rates

« A F^, - Tbr ° agh BANK °F NSW, ANZ BANK and BANK OF NZ. Australia on Fiji, basis £lOO Fiji: Buying £Alli/2/6 Selling. £AII3. Flji-London!’ basis £lOO London: B. £llO/15/-; S, £ll2. NZ-Fijl, basis £lOO NZ: B. £lll/11/9; S. £llO/4/3.

SAMOA —Through BANK OF NZ. Aus- R basis £lo ° Samoa: 1 S ‘ £124/10/9. Samoa- London, basis £lOO London; B. £99/7/6- S. £lOl/10/-. Sanioa-NZ, basis £lOO NZ *l»p: S. £lOO/10/-. Samo a - Fiji, basis £lOO Samoa: B. £iii; s. £llO. (P? A ™ UA \. NG COMMONWEALTH bank Lae ’ Rabaul > Goroka, Bulolo, Kavleng, Madang, Wewak). BANK OF NSW Ra r hAni hes: Moresby - Lae, Bulolo, Rabaul, Madang, Samaral, Goroka; 2;^ e "® les: Wau. Boroko, Kokopo), ANZ NATmvTi ort J^ oresby , La e, Rabaul) and

National Bank Of A/Asia Tpnrt

Moresby) quote exchange rate Australia- Papua-NG: 10/- per £AIOO.

NORFOLK IS.—Commonwealth Bank «* change rate Australia - Norfolk Island: 5/- per £AIOO.

FR. PACIFIC COLONIES.— Pacific francs most valuable of the three franc groups In French Union, are used in New g Cale- FRENCH eW BA e NK ldeS Vr and rtttNCH BANK (Comptolr National D Escompte de Paris) in Sydney June 9 to £aSJ n p No V mea ’ 168 Pac - francs to f AncJ- : Papeete ’ 166 25 Pac - francs 72 pl US V 208 Pac francs to £ Stg.; 72.82 Pac. francs to US $. Selling 1 179 25 Metrop. francs to £ stg