Reserve Bank of Australia Annual Report – 1967 Annual Accounts Profit and Loss Appropriation Statement

For the year ended 30th June, 1967

  1967 1966
Net profits appropriated as follows:
Central Banking Business:
Reserve Bank Reserve Fund 3,500,000   4,000,000
Commonwealth of Australia 4,441,936 7,941,936 4,712,428
Note Issue Department:
Commonwealth of Australia   34,318,030 31,070,027
Rural Credits Department:
Rural Credits Department Reserve Fund 661,584   598,140
Rural Credits Development Fund 661,584 1,323,168 598,139
  Total $43,583,134 $40,978,734
  1967 1966
Net profits (after deducting amounts written off bank premises and amounts provided for contingencies):  
Central Banking Business 7,941,936 8,712,428
Note Issue Department 34,318,030 31,070,027
Rural Credits Department 1,323,168 1,196,279
Total $43,583,134 $40,978,734

H.C. COOMBS, Chairman, Reserve Bank Board—2nd August, 1967

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 30 June 1967 and the state of affairs as at that date.

V.J.W. SKERMER, Auditor General for the Commonwealth—3 August 1967