Commonwealth Bank Regulations (Amendment) (Cth)

STATUTORY RULES.

1921. No. 172.

REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1911-1920.

I, SIR WILLIAM HILL IRVINE, Deputy of the Governor-General in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Commonwealth Bank Act 1911-1920, to take effect as from the thirtieth day of June, One thousand nine hundred and twenty-one.

Dated this twenty-fifth day of August, 1921.

W. H. IRVINE,

Deputy of the Governor-General.

By His Excellency’s Command,

ARTHUR S. RODGERS.

for the Treasurer.

________

Amendment of Regulations under the Commonwealth Bank Act 1911-1920.

Form “T” under the Regulations is hereby repealed and Form “T” attached substituted therefor.

After regulation 58 the following regulation is inserted:—

59. The Chairman of Directors of the Note Issue Department shall prepare a balance-sheet made up as on the thirtieth day of June and the thirty-first day of December in each year in accordance with the prescribed Form T(l), submit it to the Auditor-General for report as to its correctness or otherwise, and transmit it with the report of the Auditor-General to the Treasurer, and shall also transmit a true copy of the balance-sheet and report to the President of the Senate and to the Speaker of the House of Representatives, to be laid before the Senate and the House of Representatives, respectively.

Form “T.”

AGGREGATE BALANCE-SHEET OF THE COMMONWEALTH BANK OF AUSTRALIA AT   19 .

Liabilities.				Assets.
£.	s.	d.	£	s.	d.
Deposits, Accrued Interest, and Rebate	Coin, Bullion, and Cash Balance Australian Notes..........................
Bills Payable and Other Liabilities Savings Bank Department—	Money at Short Call in London Investments—
Depositors’ Balances £ (with Interest Accrued)	British, Colonial, and Government Securities (face value £        )
——————
Capital—Debentures Issued........	Commonwealth Government Securities (face value £        )
Reserve Fund.............................
Redemption Fund.......................	Fixed Deposits of Other Banks
Bills Receivable in London and Remittances in Transit................
Bills Discounted, Loans and Advances to Customers and other sums due to the Bank..................................................
Bank Premises.............................
Contingent Liabilities— Outstanding Credits per Contra	Liabilities of Customers and Others on Letters of Credit per Contra
£	£
Dr. Profit and Loss. Cr.
£	s.	d.	£	s.	d.
To Reserve Fund........................	By Profits for half-year ended
„ Redemption Fund....................
£	£
Dr. Reserve Fund.  Cr.
£	s.	d.	£	s.	d.
By Balance..................................
To Balance.................................	„ Transfer from Profit and Loss Account of one-half of the Net Profits.........
£	£
Dr. Redemption Fund.  Cr.
£	s.	d.	£	s.	d
To Balance.................................	By Balance.................................. ,,Transfer from Profit and Loss Account of one-half of the Net Profits...........
£	£

   

Form “T (1).”

COMMONWEALTH BANK OF AUSTRALIA.

BALANCE-SHEET OF NOTE ISSUE DEPARTMENT, AT 19 .

Directors:

£	s.	d.	£	s.	d.
Notes held by the Public................	Gold Coin and Bullion...................
Notes held by Banks......................	Debentures and Other Securities.....
Other Liabilities............................	Other Assets..................................
£	£

For and on behalf of the Board,

...........................…………………..

Chairman of Directors.

       

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Printed and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.