Exchange Rates
p. 68 · Read in the full issue
FIJI.— Jan 13: Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda, First National City Bank, Aust $ on Fiji buying
Sfi = Sa.9O.
COOK IS., NIUE. —New Zealand currency Is used.
NEW HEBRIDES.— Jan 13: Through Banque Nationale de Paris (Sydney), Indosuez Bank, ANZ Bank, Bank of NSW, National Bank of Aust, Commercial Banking Co of Sydney, Com mercial Bank of Aust, Hong Kong and Shang hai Banking Corp, Barclays Bank International, SAI = NHF 91.64 (buying), 90.39 (selling)— airmail transfer rate.
WESTERN SAMOA. —Through Bank of Western Samoa, controlled from NZ, SWS. Tala 1 = $A1.02 (buying).
TONGA.— Tongan dollar (pa'anga) = $A 1.13 (buying), $A1.16 (selling).
Norfolk Is, Solomon Is, Geic, Nauru.—
Australian currency used; no exchange payable in transactions with Australia.
PAPUA NEW GUINEA.— PNG kina and toea used; no exchange payable, at present, in transactions with Australia.
FRENCH PACIFIC COLONIES.— Pacific francs (CFP) are used in New Caledonia, Wallis and Futuna Is, and Fr Polynesia. French Bank, Sydney, on Jan 13 quoted: SAI = 103.09 CFP (buying), 101.69 CFP (selling). Paris- London: £1 = 9.07 francs (buying), 9.06 francs selling. Pacific franc —London: £1 = 165.1818 CFP (buying), 165 (selling). CFP to 1 metropolitan franc 18.43 (buying), 17.94 (selling).
Banks should be approached for daily rates.
COOK ISLANDS.—AII production is sold to Abels Ltd, Auckland. Prices are based on average world prices for the prior three or six months, and remain in force for three months.
GILBERT ISLANDS.— SI79.2O a ton, or 8c a pound.
WESTERN SAMOA.— Ist grade, $W5109.50, 2nd grade $W596.50.
Other Produce
COCOA. —lslands rates are based on Ghana prices. Ghana price on Jan 13 was spot £stg749 ton, cif, UK Continent.
Jan 13, in store, Rabaul, export quality, K 945 per tonne; delivered ex wharf Sydney $1,185 per tonne.
Solomons. —Delivered to Agriculture Dept, offices in Honiara and Aukl. Recent price was 25c per lb dried beans first grade, 20c second grade.
Western Samoa. —Ungraded beans, $23.50 (100 lb).
COFFEE. —PNG, Jan 13. Good quality, A Grade 176 c per kg; B Grade, 172 c; C Grade, 165 c, Y Grade, 165 c (ex-store Sydney).
W. Samoa. —Recently, WSTEC ground and dried beans, 60 sene per lb wholesale.
PEANUTS. PNG: Sydney agents reported recently f.0.b., Lae: Kernels —white Spanish 19c lb.
RICE (Aust): — PNG: Dried brown, 25 kilo bags, $298.94 per tonne. Vitamin enriched white, 25 kilo bags, $303.94 per tonne, all f.o.w. Sydney/Melbourne. Pacific Islands: Calrose med. grain, white, 25 kilo bags, $3lO per tonne. Kulu long grain white, 25 kilo bags, $355 per tonne. All prices c.&f. Sydney/ Melbourne.
RUBBER. —Singapore, 35.25 c a kilo.
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; $14.50, Mel bourne. • The Marshall Islands expects to
be operating a copra processing plant
early in 1977. The plant, at Majuro, will process 60 tons of copra a day, five days a week. It will pelletise copra residue for export.
• Nauru has been provided with a satellite communications system by a Hong Kong-based company. The contract for the project, valued at SUSI. 3 million, was signed by Pre sident Hammer Deßoburt, of Nauru, and a representative of Cable and Wireless Systems (Hong Kong), a subsidiary of the Cable and Wireless group.
Installation was completed in December.