STATUTORY RULES.
1953. No. 103.
REGULATIONS UNDER THE COMMONWEALTH BANK ACT
1945-1953.*
I, 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 1945-1953.
Dated
this thirtieth
day
of November ,
1953.
W. J. Slim
Governor-General.
By
His Excellency’s Command,
Treasurer.
––––––––
Commonwealth
Trading Bank Regulations.
Citation.
1. These Regulations may
be cited as the Commonwealth Trading Bank Regulations.
Commencement.
2. These Regulations shall
come into operation on the third day of December, One thousand nine hundred and
fifty-three.
Definition.
3. In these Regulations,
“the Bank” means the Commonwealth Trading Bank of Australia established under
the Commonwealth Bank Act 1945-1953.
Office hours.
4. Branches and agencies
of the Bank shall be open for the transaction of business on such days and
during such hours as the Bank determines.
Information to be furnished by customers.
5. The Bank may require a
person who wishes to transact banking business with the Bank to furnish to the
Bank particulars of his name, address and occupation and such other particulars
as, in the opinion of the Bank, are necessary to enable the Bank to conduct
that business properly.
Trading Bank not bound to inquire as to
manner of operating on accounts, &c.
6. The Bank shall not be
under a liability by reason of its failure to ascertain that the method in
accordance with which a firm, company, society, local authority, club or other
body of persons desires to operate on an account, to deal with a security or to
transact any other business with the Bank is in accordance with any deed,
articles, rules or other instrument of the firm, company, society, local
authority, club or body.
Powers of attorney, &c.
7. When any business is to
be transacted with the Bank under a power of attorney, probate of a will or
letters of administration of an estate, the Bank may require the original power
of attorney, probate or letters of administration to be produced to the Bank
and may require a copy of the power of attorney, probate or letters of
administration to be lodged with the Bank.
*
Notified in the Commonwealth Gazette on ,
1953.
4884.—Price 3d. 10/26.11.1953.
Secrecy.
8. An officer, agent or other person
carrying on any business of the Bank shall not—
(a) permit any person to have
access to, or furnish to any person copies of or extracts from, books or papers
belonging to, or in the possession of, the Bank; or
(b)furnish
to any person any information relating to the business of the Bank, other than
information furnished to or on the order of a customer in respect of his own
matters,
except by direction or
authority of the Bank or under compulsion or obligation of law.
Balance-sheets and statements of profit
and loss.
9. Balance-sheets and
statements of profit and loss of the Bank prepared under sub-section (1.) of
section 195 of the Commonwealth Bank Act 1945-1953 shall be in
accordance with the form of balance-sheet and the form of statement of profit
and loss respectively set out in the Schedule to these Regulations.
THE SCHEDULE.
Regulation 9.
Commonwealth Bank Act 1945-1953.
COMMONWEALTH TRADING
BANK OF AUSTRALIA.
Balance-sheet as at
Liabilities. | Assets. |
£ | s. | d. | £ | s. | d. |
Capital.......................................... | Coin, bullion, notes and cash at bankers |
Reserve Fund................................ |
Deposits,
bills payable and other liabilities (including provision for contingencies)
| Money at short call— |
(a) London................................... |
(b) Elsewhere............................. |
Balances due to other banks | Special
Account with Commonwealth Bank...............................................
|
Cheques and
bills of other banks and balances with and due from other banks..
|
Treasury bills— |
(a)
Australian Governments |
(b)
Other governments.................. |
Public
securities (excluding treasury bills)— |
(a)
Australian Governments |
(b)
Other governments.................. |
(c) Local and
semi-governmental authorities.......................
|
Bills receivable and remittances in transit |
Bank premises
(at cost less amounts written off)......................................
|
Loans,
advances and bills discounted (after deducting provision for debts considered
bad or doubtful)..............
|
Other assets........................................ |
Total........................... | Total........................ |
Statement
of Profit and Loss for Year Ended
Dr. | Cr. |
£ | s. | d. | £ | s. | d. |
To Expenses................................... | By Discount
and interest earned, net exchange, commissions and other items (including
transfers from contingencies accounts), after deducting interest paid and
accrued on deposits, rebate on bills current at balance date, amounts written
off assets and losses on realization of assets and transfers to the credit of
contingencies accounts (out of which accounts provisions for all bad and
doubtful debts have been made)
|
To Taxes and payments in lieu of taxes |
To Profits carried down.................. |
Total.......................... | Total......................... |
To Amounts written off bank premises. | By Profits....................................... |
To Appropriations as follows:— |
(a) Reserve funds....................... |
(b) National Debt Sinking
Fund... |
(c) Other appropriations ............. |
Total........................... | Total........................ |
By
Authority: L. F. Johnston. Commonwealth
Government Printer, Canberra.