Reserve Bank of Australia Annual Report – 1978 Financial Statements Report of the Auditor-General

As required by section 81(1) of the Reserve Bank Act 1959, the Reserve Bank Board has prepared and submitted for my examination financial statements for the year ended 30 June 1978 comprising:–

Aggregate Balance-sheet;
Aggregate Profit and Loss Appropriation Statement; and
Balance-sheets in respect of –

Central Banking Business,
Note Issue Department,
Rural Credits Department.

The financial statements prepared by the Board are substantially in accordance with the forms prescribed by the Reserve Bank Regulations and are accompanied by notes which form part of those statements.

I now report in terms of section 81(2) (a) of the Act that the financial statements and the accompanying notes have been examined and are in agreement with the accounts and records of the Bank and, in my opinion, show fairly the financial operations for the year ended 30 June 1978 and the state of the affairs of the Bank as at that date.

1 August 1978

D. R. Steele Craik