Reserve Bank of Australia Annual Report – 1964 Annual Accounts Profit and Loss Appropriation Statement

For the year ended 30th June, 1964

Net profits appropriated as follows:   1964 1963
Central Banking Business:
Reserve Bank Reserve Fund 2,491,362   1,675,604
Commonwealth of Australia 2,491,361   1,675,603
    4,982,723  
Note Issue Department:
Commonwealth of Australia   13,491,434 12,780,310
Rural Credits Department:
Rural Credits Department Reserve Fund 246,371   222,001
Rural Credits Development Fund 246,371 492,742 222,001
  Total £18,966,899 £16,575,519
  1964 1963
Net profits (after deducting amounts written off bank premises and amounts provided for contingencies):    
Central Banking Business 4,982,723 3,351,207
Note Issue Department 13,491,434 12,780,310
Rural Credits Department 492,742 444,002
Total £18,966,899 £16,575,519

H.C. COOMBS, Chairman, Reserve Bank Board—5th August, 1964

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, 1964, and the state of affairs as at that date.

V.J.W. SKERMER, Auditor General for the Commonwealth—7th August, 1964