Exchange Rates
p. 113 · Read in the full issue
: IJl.— Through Bank of NSW, ANZ Bank, ik of NZ, Bank of Baroda, First National I Bank. Sterling £ on Fiji $, buying £1 ••085; selling £1 = $2.11. Aust. $ on Fiji buying $A1.0117 = SFI, selling $A1.0288 VESTERN SAMOA. —Through Bank of Western ioa, controlled from NZ, seller $A1.2470 to S Tala 1.
Iorfolk Is., Papua New Gulnea.—Aus
ian currency used; no exchange payable in isactions with Australia.
RENCH PACIFIC COLONIES.— Pacific francs ) are used in New Caledonia, New Hebrides ntly With Australian dollars), Wallis and Jna Is., and Fr. Polynesia. French Bank, "ey, on September 19, quoted: Selling, mea and Papeete, Pac francs to the sAust., .58 (commercial—export and import trans ons), 104.70 (financial) —nearly all other isactions). Paris-London; Buying, 12 2525 ics to the £ (commercial); 11.9250 francs to £ (financial). Also £ equals 222.7727 (buy , 222.5909 (selling) Pac. francs; 5.50 CFP 1 metropolitan franc. anks should be approached for daily quotes.
COOK IS.: —Copra goes to Abels, Ltd., of Auckland, who operates NZ's copra crushing mill. Prices for October to December, packed, shipping weights f.o.b, were fixed at $NZ92.79 Ist grade, hot-air dried, $NZ90.75 Ist grade, sun-dried, and $NZ89.27 standard grade.
Us Trust Territory: $U592.50 (Grade 1),
$U582.50 (grade 2), $U572.50 (grade 3), de livered district centres; $BO (grade 1), $7O (grade 2), $6O (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 September 19 (September/ October shipment) was spot £stg3o4 ton, c.i.f.; UK, Continent.
September 19, Quote No. 1: In store Rabaul, export quality, $535 per ton, delivered ex wharf Sydney, $6lO Quote No. 2: Best quality in store NG ports, $519 (September/October shipment).
Solomons. —4 cents a lb delivered to a fermentary, 3 cents a lb at buying points.
COFFEE. —PNG: September 19, good quality, A grade, 49c per lb; B grade, 45£c ; C grade, 44c; Y grade, 45c (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 inch.
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 c lb.
PEARL SHELL. —Torres Strait Pearlshellers' Assn, has no recent quotes. Solomons. — Honiara, mother of pearl blacklip 14c-16c lb goldlip 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 September 5 were: No. 1 RSS (Malayan cents a kilo f.0.b.), September, 86.25- 87.25; October, 86.75-88.25; November 87.75- 89.25.
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), September 5, prompt shipment, 15.86 p. (c. and f.).
COPRA.— LONDON, September 19, Philippines, in bulk, SUSI4I (October reseller) per long ton, c.i.f., UK/North European ports; US Pacific coast, b SUSII3, s SUSIIS.
COCONUT OIL (Ceylon)— LONDON, September 19 £stg.9B (September/October).
Business In
New Hebrides
• The NZ firm of Fletcher Con struction Co (Pacific) Ltd in associ ation with F. Martinez of Vila has been awarded a contract worth $1,172,000 to build the new British base hospital in Vila. The hospital of 100 beds will consist of a complex of 17 single-storey buildings linked by covered ways across a 15-acre site overlooking Vila’s lagoon. The foun dation stone is already three years old. It was laid in September, 1969 by the Duke of Kent. • It looks as if the New Hebrides will be well into the red this year over its trade gap. In the first three months of this year, the condo minium’s import bill was 52.3 million, more than its export income. During the corresponding period last year the gap was $1 million less and at the end of the year the deficit was $5.2 million. • The Palekula Fishery in the New Hebrides, which has had its factory buildings badly damaged by an earthquake and hurricanes in the last nine months, broke export records in July. It shipped 1,900 tons of frozen fish worth $l.l million to the USA and Japan.