Reserve Bank of Australia Annual Report – 1982 Retirement of Sir Harold Knight, K.B.E., D.S.C

Sir Harold Knight, K.B.E., D.S.C. retired as Governor of the Reserve Bank of Australia on 13 August 1982.

In a public statement on 9 July 1982, the Treasurer, The Hon. John Howard, M.P., paid tribute on behalf of the Australian Government to Sir Harold's service to the nation throughout his career. Mr Howard said:

“Sir Harold has a record of long and distinguished service with Australia's central bank, spanning 46 years. He was appointed Deputy Governor of the Reserve Bank in 1968. He was appointed Governor in 1975, and was reappointed in September 1981. Sir Harold's fourteen years in the two most senior positions in the Reserve Bank have seen significant developments in the financial system and in the Australian economy. The Government is greatly appreciative of Sir Harold's loyal and effective service to the nation throughout his career, and his decision to retire is accepted with regret.”

At a meeting of the Reserve Bank Board on 27 July 1982, the Board passed the following resolution:

“That this Board record its recognition of Sir Harold Knight's long and dedicated service to the Bank. During his period of office, first as Deputy Chairman and subsequently as Chairman of the Board, monetary policy issues have been particularly difficult and the pace of financial development has raised many new questions. Sir Harold has led the Bank with wisdom and foresight, meeting challenges with calm resourcefulness. His personal qualities have ensured the respect and co-operation of his associates, colleagues and the staff of the Bank.”