Reserve Bank of Australia Annual Report – 1963 Annual Accounts Profit and Loss Appropriation Statement

For year ended 30th June, 1963

  1963 1962
Net profits appropriated as follows:
Central Banking Business:
Reserve Bank Reserve Fund 1,675,604   2,186,463
Commonwealth of Australia 1,675,603   4,486,463
    3,351,207  
Note Issue Department:
Commonwealth of Australia   12,780,310 15,750,824
Rural Credits Department:
Rural Credits Department Reserve Fund 222,001   234,725
Rural Credits Development Fund 222,001   234,724
    444,002  
Total £16,575,519 £22,893,199
  1963 1962
Net profits (after deducting amounts written off bank premises and amounts provided for contingencies):    
Central Banking Business 3,351,207 6,672,926
Note Issue Department 12,780,310 15,750,824
Rural Credits Department 444,002 469,449
Total £16,575,519 £22,893,199

H.C. COOMBS, Chairman, Reserve Bank Board—8th August, 1963

Auditor-General's Report

The above Balance-sheet and Profit and Loss Appropriation Statement have been examined and are in agreement with the accounts and records as shown in the books of the Head Office and the certified returns from Branches and Agencies. In my opinion the statements show fairly the financial operations of the Bank during the year ended 30th June, 1963, and the state of affairs as at that date.

V.J.W. SKERMER, Auditor-General for the Commonwealth—9th August, 1963