The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 1 July 1971Vol. 42, No. 7

Exchange Rates

p. 99 · Read in the full issue

. P' J, — T hrough Bank of NSW, ANZ Bank, lank of NZ Bank of Baroda, First National to nfl| nk ' I S l t erlin 9 £ on Fiji $, buying £1 = •F 2.085; selling £1 = $2.11. Aust. $ on Fiji I buying $A1.0117 = SFI, selling $A1.0288 WESTERN SAMOA. —Through Bank of Western WS°Ta| C a° n i ro,led fr ° m NZ ' Seller * Al247 ° t 0

Norfolk Is., Papua New Guinea. Aus

raiian currency used: no exchange payable in redactions with Australia FRENCH PACIFIC COLONIES— Pacific francs .FP' are used in New Caledonia, New Hebrides olntly with Australian dollars), Wallis and utuna Islands and Fr Polynesia French Bank Vdney on June 25, quoted: Selling, Noumea nd Papeete 109 Pac. francs to $ Aust.; pprox. 97 Pac. francs to US $; Noumea 100 * rancs . equal 5.5 French francs. Paris ondon; Buying 13.3585 francs to £ Also £ duals 243.28 Pac. francs.

mill. Prices for July 1 to Sept. 30 were fixed, subject to freight adjustment, at $NZ158,23 Ist grade, hot air dried; $NZ156.13 Ist grade, sun dried, and $NZ154.55 standard grade.

US TRUST TERRITORY;—Board pays $U5112.50 per ton, grade 1; $lOO per ton, outer islands.

Other Produce

BECHE-OE-MER: Chang Sing Loong Co., Suva, quote F3sc (4 in. to 7 in.) to F4oc (9 in. to 11 in.) lb depending on quality.

Honiara.—Live slugs, over six inches, black —six for 10c, other colours—l2 for 10c.

CHILLIES.—SoIomons, Honiara, Tabasco, grade one, dried 22c per lb; long red, grade one, dried, 12c per lb.

COCOA.—lslands rates are based on Ghana prices. Ghana price on June 23 (July/Aug. shipment) was spot $229 ton, c.i.f., UK Con tinent.

June 23, Quote No. 1: In store Rabaul, export quality $4OO per ton, delivered ex wharf Sydney $460. Quote No. 2: Best quality ex-wharf Sydney $465; in store NG ports $399 (for immediate UK, Continent and USA ship ments).

W. Samoa.—Nominal quotation for June 23 was Ist grade, £Stg33o; 2nd grade, £Stg3lo, f.o.b. per ton.

Solomons.—4 cents a lb delivered to a fermentary, 3 cents a lb at buying points.

COFFEE: P-NG: June 23, good quality, A grade 40-40£c per lb; B grade 38ic; C grade 35c; X grade 38c and native X grade 36ic (ex-store Sydney).

W. Samoa.—Recently, WSTEC ground and dried beans, 49 sene per lb (wholesale).

CROCODILE SKINS. Recent Sydney buyers quoted for 12 in. and over, Ist grade quality as follows: 8.5.1., Honiara—sl.Bo to $2.20 per in.; Gizo: $2.10 per in.

Green Snail Shell.—S3So A Ton F.O.B.

(nominal).

PAPUAN GUM.—Graded gum $215 per ton, f.o.b.

PASSIONFRUIT.—Cook Islands, Islands Foods Ltd. pays growers NZ2.5c per lb for good fruit PAPAW.—Cook Islands, Island Foods Ltd. pays growers NZ2c per lb for good fruit.

PEANUTS. P-NG: Sydney agents reported [ecently |b f.0.b., Lae; Kernels—white Spanish PEARL SHELL.—Torres Strait Pearlshellers' Assn, has no recent quotes. Solomons.— Honiara mother of pearl blacklip 15c lb, gold ip 20c lb. Cook Islands.—Penrhyn, 20-25 c per lb, del. Rarotonga 33-35 c per lb. French Poly, nesia.—Tuamotu, Gambier shells, to $l,OOO per ton, Papeete.

PYRETHRUM—NG growers 17c lb, flowers RICE (Aust.): Prices till March 31, 1972, are — P ‘ N G : .Dried brown, 112 lb bags, $124 a ton, 40 lb bags, $134 a ton; vitamin enriched white, 56 lb bags, $137.50 a ton; all f.o.w.

Sydney/Melbourne. Pacific Islands: White pol ished, 56 lb bags, $156 a ton, f.o.w. Sydney/ Melbourne.

RUBBER—PNG price is based on Singapore rates which on June 24 were: No. 1 RSS prompt shipment (Malayan cents a kilo) b 104 25 s 104.50; Aug., b 106.25, s 106.50.

SANDALWOOD.—New Hebrides, landed on the beach Vila and Santo, $250 a ton.

SHARK FINS: Chang Sing Loong Co., Suva, offers Sflr onr lb for well-dried fins of commercial quality.

TROCHUS.—BSIP and NG.—slso-$l7O a ton (nominal).

TURTLE SHELL.—BSI: First grade unmarked 60c to $1.50 a lb at Gizo. ..VANILLA. BEANS. Prices recently were; White and yellow label orocessed standard packs, $7.50; green label $7.40, c.i.f., Sydnev Tonga.—sl4.2o. f o.b. Nukualofa: $T4.50 Mel bourne.

Uk, Us Quotes

, nP PR <Mi77n« NDON ' June 25, Philippines, in n'i’/M (reseller) per long ton, c.i.f., DK/North European ports; US Pacific coast, b

Susi7I, S Susi7S.

OIL.—LONDON, unquoted since May

Rubber.—London, June 24, No. 1 Rss

Spot (per kilo), b 15.80 new pence (July ship ment).