Reserve Bank of Australia Annual Report – 1965 Annual Accounts Profit and Loss Appropriation Statement

For the year ended 30th June, 1965

  1965 1964
Net profits appropriated as follows:
Central Banking Business:
Reserve Bank Reserve Fund 2,396,811   2,491,362
Commonwealth of Australia 5,250,000 7,646,811 2,491,361
Note Issue Department:
Commonwealth of Australia   15,260,402 13,491,434
Rural Credits Department:
Rural Credits Department Reserve Fund 249,971   246,371
Rural Credits Development Fund 249,971 499,942 246,371
  Total £23,407,155 £18,966,899
  1965 1964
Net profits (after deducting amounts written off bank premises and amounts provided for contingencies):    
Central Banking Business 7,646,811 4,982,723
Note Issue Department 15,260,402 13,491,434
Rural Credits Department 499,942 492,742
Total £23,407,155 £18,966,899

H.C. COOMBS, Chairman, Reserve Bank Board—4th August, 1965

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, 1965, and the state of affairs as at that date.

V.J.W. SKERMER, Auditor General for the Commonwealth—5th August, 1965