Exchange Rates
p. 68 · Read in the full issue
FIJI. —Feb 16: Through Bank of NSW, ANZ Bank, Bank of NZ, Bank of Baroda, First National City Bank, Aust $ on Fiji buying
Sfi = Sa.B9.
COOK IS., NIUE. —New Zealand currency Is used.
NEW HEBRIDES.— Feb 16: 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 91.89 (buying), 90.48 (selling)— airmail transfer rate.
WESTERN SAMOA. —Through Bank of Western Samoa, controlled from NZ, SWS. Tala 1 =
$A.97 (buying).
TONGA. —Tongan dollar (pa'anga) = SA.B9 (buying).
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 c utuna Is, and Fr Polynesia. French Bank, Sydney, on Feb 16 quoted: SAI = 103.37 CFP (buying), 101.80 CFP (selling). Paris- London: £1 = 9.0550 francs (buying), 9.0450 francs selling. Pacific franc—London: £1 = 165.0909 CFP (buying), 164.9090 (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.
TONGA.—AII copra sold to EEC. Ist grade, grade, ST7O; 2nd grade, STSB.
Other Produce
COCOA.—lslands rates are based on Ghana prices. Ghana price on Feb 13 was spot £stg7so ton, cif, UK Continent.
Feb 13, in store, Rabaul, export quality, K 950 per tonne; delivered ex wharf Sydney $1,190 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, Feb 16. Good quality, A Grade 187£c per kg ; B Grade, 183 c; C Grade, 178 c, Y Grade, 178 c (ex-store Sydney).
W. Samoa. — Recently, WSItC ground ano dried beans, 60 sene per lb wholesale.
PEANUTS. PNG: Sydney agents reoorted recently f.0.b., Lae: Kernels—white Spanish 19c lb.
BROOMCORN.—Fiji, Ist grade, 16ic lb, 2nd grade, 14£c lb.
KlCfc lAustj:—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, Feb 11, 41c 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; $T4.50, Mel bourne.
• Mr Charles Grey, 46, has been appointed manager of Air Niugini, succeeding Mr Ralph Conley. Mr Grey was manager of Talair, the major third level airline in PNG.