Reserve Bank of Australia Annual Report – 1984 Financial Statements Reserves for Contingencies and General Purposes
Note 6 Reserves for contingencies and general purposes
Movements in these items over 1983/84 are set out in the following table. Amounts transferred from operating earnings were provided for contingencies with the approval of the Treasurer in terms of Section 78 of the Reserve Bank Act 1959.
| Central Banking Business |
Note Issue Department |
Rural Credits Department |
Total |
|
|---|---|---|---|---|
| $'000 | $'000 | $'000 | $'000 | |
| Credits from: | ||||
| Transfers from operating earnings | — | — | 7,205 | 7,205 |
| Net exchange valuation surplus | 44,168 | 85,731 | — | 129,899 |
| 44,168 | 85,731 | 7,205 | 137,104 | |
| Debits from: | ||||
| Revaluation of gold | 90,068 | 176,405 | — | 266,473 |
| Market price revaluation of foreign investments | 5,083 | 9,956 | — | 15,039 |
| Net movement 1983/84 | −50,983 | −100,630 | 7,205 | −144,408 |