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RATES OF EXCHANGE.
Thi South Australian Banking Company. Bank ot Austral i
asia, and Union Bank of Australia, Adelaide —
Issue Drafts on London, at thirty days' sight, at 1 percent
premium.
Issue Drafts on Sydney
Ditto Bathurst
Ditto Maitland ! At three days' sight, at 1 per
Ditto Melbourne ' cent premium.
Ditto Geelong
Ditto Portland I
Ditto Hobart Town |
Ditto Launceston At three days' sight, at 2 per
Ditto Auckland cent premium.
Ditto Wellington J
Buy Bills on London, at thirty days' sight, at 1 per cent,
discount and J per cent for every additional thirty days.
Buy Bills on Sydney 1
Ditto Bathurst
Ditto Maitland
Ditto Melbourne
Ditto Geelong At fifteen days' sight, .at 1 per
Ditto Portland - cent discount.
Ditto Hobart Town
Ditto Launceston
Ditto Anckland
Ditto Wellington J
The standard price of Gold at Adelaide is fixed by the Banks
at £3 12s. 9d. per ounce of 22 carats fine, based upon a par rate
of exchange on London ; but as the exchange is now one per
cant premium, it follows that £3 13s. 6d. is the price of standard
Gold, or equal to £3 16s. lOd. per ounce for Gold of 23 carats
fine, which is the usual average of Victoria Gold.
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