S.I. No. 187/1961 - Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961.

1. These Regulations may be cited as the Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961.

2. The

Interpretation Act, 1937

(No. 38 of 1937), applies to these Regulations.

3. In these Regulations—

" the Bank " means the Central Bank of Ireland;

" the Act " means the

Currency Act, 1927

(No. 32 of 1927), as adapted by

section 11

of the

Central Bank Act, 1942

(No. 22 of 1942).

4. Every statement of accounts prepared by the Bank under section 35 of the Act shall be in the form set out in the Schedule to these Regulations save that, whenever in any statement of accounts a nil entry would require to be made under any heading in that form, the Bank may, in lieu of making the nil entry, omit that heading from that statement of accounts.

5. Every statement of accounts prepared by the Bank under section 35 of the Act shall have appended thereto the signature of the Governor of the Bank and the signature of an officer of the Bank nominated for that purpose by the Board of Directors of the Bank.

6. The following are hereby revoked—

(

a

) the Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1943 (S. R. & O., No. 94 of 1943);

(

b

) the Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1957 (

S.I. No. 86 of 1957

);

(

c

) the Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1959 (

S.I. No. 99 of 1959

); and

(

d

) the Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1960 (

S.I. No. 103 of 1960

).

SCHEDULE

FORM OF STATEMENT OF ACCOUNTS

PART I

LEGAL TENDER NOTE FUND

A.—ISSUE ACCOUNT

Notes outstanding as at 31st March, 19...

Notes redeemed during year

ended 31st March, 19...

10/-

£

10/-

£

£1

£1

£5

£5

£10

£10

£20

£20

£50

£50

£50

£50

£100

£100

—£

—-£

Notes issued during year ended 31st March, 19...

Notes outstanding as at

31st March, 19...

10/-

£

10/-

£

£1

£1

£5

£5

£10

£10

£20

£20

£50

£50

£100

£100

—

£

—

£

£

£

B.—BALANCE SHEET

LIABILITIES

ASSETS

Notes outstanding as at 31st March, 19

£

Gold

£

Temporary borrowings

£

Money in any form which is for the time being legal tender in Great Britain for unlimited amounts

£

British Government securities

£

Sterling balances on current or deposit account at the London Agency or any Bank in Great Britain or Northern Ireland

£

Currency and securities of the Federal Government of the United States of America

£

Irish Government Security for advances under sub-section (7) of

section 3

of the

Bretton Woods Agreements Act, 1957

£

Balance in General Fund

£

£

£

£

PART II

GENERAL FUND

A. PROFIT AND LOSS ACCOUNT

Expenses of the Bank

Salaries, wages and other remuneration

£

Dividends and interest on

assets of Legal Tender Note

Fund

£

Other expenses

£

—

£

Payments on Consolidated Bank Notes

£

Interest on borrowings for Legal Tender Note Fund

£

Payments on notes of former banks of issue

£

Other payments

£

Other receipts

£

Profit and Loss Appropriation Account

£

£

£

B. PROFIT AND LOSS APPROPRIATION ACCOUNT

Currency Reserve

£

Profit and Loss Account

£

General Reserve

£

Superannuation Reserve

£

Depreciation accounts

£

Surplus Income Account

£

£

£

C. SURPLUS INCOME ACCOUNT

Payments to the Exchequer

Balance

£

£

Balance brought forward from previous account

£

£

Profit and Loss Appropriation Account

£

£

£

D. BALANCE SHEET

LIABILITIES

ASSETS

Capital paid by the Minister for Finance

£

Cash

£

Currency Reserve

£

Money at call and at short notice

£

General Reserve

£

Bills rediscounted

£

Superannuation Reserve

£

Advances

£

Borrowings

£

Investments

£

Clearing accounts of banks

£

British Government securities

£

Deposits by banks

£

Other external Government securities

£

Agency accounts

£

Other investments

£

Surplus Income Account

£

Premises

£

Legal Tender Note Fund Balance

£

Income accrued due but not received

£

Other liabilities

£

Other assets

£

£

............................................................ ......................

Governor, Central Bank of Ireland.

............................................................ ........................

Secretary (or, as the case may be) to the Central Bank of Ireland.

GIVEN under my Official Seal, this 29th day of August, 1961.

SÉAMAS Ó RIAIN,

Minister for Finance.

EXPLANATORY NOTE.

These regulations make a number of amendments in the form of the annual statement of accounts of the Central Bank of Ireland. The main amendments are the inclusion of a balance in the General Fund in the balance sheet of the Legal Tender Note Fund, a corresponding entry in the balance sheet of the General Fund and an expansion of the item " Investments " in the General Fund. The regulations revoke the Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1943, as amended.

S.I. No. 187 of 1961.

CENTRAL BANK OF IRELAND (FORM OF STATEMENT OF ACCOUNTS) REGULATIONS, 1961.

I, SÉAMAS Ó RIAIN, Minister for Finance, in exercise of the powers conferred on me by section 35 of the Currency Act. 1927 (No. 32 of 1927), as adapted by

section 11

of the

Central Bank Act, 1942

(No. 22 of 1942), and after consultation with the Board of Directors of the Central Bank of Ireland, hereby make the following regulations