Exchange Rates

F Jl.— Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda, First National City Bank. Sterling £ on Fiji $, buying £1 = $F2.085; selling £1 = $2.11. Aust. $ on Fiji $, buying $A1.0117 = SFI, selling $A1.0288

Sfi.

WESTERN SAMOA.— Through Bank of Western Samoa, controlled from NZ, seller $A1.2470 to SWS Tala 1.

Norfolk Is., Papua New Gulnea.—Aus

tralian currency used; no exchange payable in transactions with Australia.

FRENCH PACIFIC COLONIES.— Pacific francs CFP) are used in New Caledonia, New Hebrides (Jointly with Australian dollars), Wallis and Futuna Is., and Fr. Polynesia. French Bank, Sydney, on July 20, quoted: Selling, Noumea and Papeete, Pac francs to the sAust., 107.60 commercia l —export and import transactions), 101.54 (financial) —nearly all other transac tions) Paris-London: Buying, 12.2450 francs to the £ (commercial); 11.6200 francs to the £ Also £ equals 222.6363 (buying), 222.4545 (selling) Pac. francs; 5.50 CFP to 1 metropolitan franc.

Banks should be approached for daily quotes.

COOK IS.: —Copra goes to Abels, Ltd., of Auckland, who operates NZ's copra crushing mill. Prices for July to September, packed, shipping weights f.0.b., were fixed at SNZIOO.O9 Ist grade, hot-air dried, $NZ97.95 Ist grade, sun-dried, and $NZ96.33 standard grade.

Us Trust Territory: $U592.50 (Grade 1),

SUS7O (grade 2), SUS6O (grade 3), delivered district centres; $9O (grade 1), $BO (grade 2), $7O (grade 3), picked up outer islands.

Other Produce

BECHE-DE-MER; Chang Sing Loong Co., Suva, quote 45c (4 in. to 10 in.).

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 July 20 (July/September shipment) was spot £5tg277.5 ton, c.i.f.; UK, Continent.

July 20, Quote No. 1: In store Rabaul, export quality, $475 per ton, delivered ex wharf Sydney, $545 Quote No. 2: Best quality in store NG ports, $4BO (August/September ship ment).

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

COFFEE. —PNG: July 24, good quality, A grade, 50c per lb; B grade, 47c; C grade, 45c; Y grade, 45£c (ex-store Sydney).

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

CROCODILE SKlNS.— Honiara; $1.89 to $2.25 per sq. 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. PNG: Sydney agents reported recently f.0.b., Lae,- Kernels—white Spanish 17.25 r lb.

PEARL SHELL. —Torres Strait Pearlshellers' Assn, has no recent quotes. Solomons. — Honiara, mother of pearl blacklip 14c-16c lb, goldhp 18c lb. Cook Islands. —Penrhyn, 20-25 c per lb, del. Rarotonga 33-35 c per lb. French Polynesia. —Tuamotu, Gambier shells, to $l,OOO per ton, Papeete.

PYRETHRUM. —NG growers 17c lb, flowers.

RICE (Aust.):— PNG: Dried brown, 112 lb bags, $ll5 a ton, 40 lb bags, $125 a ton; vitamin enriched white, 56 lb bags, $127 a ton; all f.o.w. Sydney/Melbourne. Pacific Is lands: Calrose med. grain, white, 56 lb bags, SAI2B-SAI33 a long ton. Kulu long grain white, 56 lb bags, SAI64-SAI67 a long ton. All prices f.o.w. Sydney/Melbourne.

RUBBER. —PNG prices are based on Singapore rates which on July 7 were: No. 1 RSS (Malayan cents a kilo f.0.b.), July, 91.25- 93.00; August, 92.00-93.00; September, 92.75- 93.50.

SANDALWOOD. —New Hebrides, landed on the beach, Vila and Santo, no recent quotes.

SHARKS FINS. Chang Sing Loong Co., Suva, offers 75c per lb for Ist quality, 45c for mixed quality.

TROCHUS. —BSIP 4c (uncleaned), 5c (cleaned) per lb.

TURTLE SHELL.—BSI: 20c to $1.20 per lb, depending on size and quality.

VANILLA BEANS. • Prices recently were: White and yellow label processed standard packs, $7.50; green label $7.40, c.i.f., Sydney.

Tonga.—sT4.2o, f.0.b., Nukualofa; $T4.50, Mel bourne.

Uk, Us Quotes

RUBBER. —London, No. 1 RSS spot (per kilo), July 7, prompt shipment, 15.86 p (c. and f.).

COPRA. —LONDON, June 20, Philippines, in bulk, SUSI4I (July reseller) per long ton, c.i.f., UK/North European ports; US Pacific coast,

B Susii3, S Susiis.

COCONUT OIL (Ceylon) —LONDON, June 20, £stg.9B (June/July).