LegalizeS.I. No. 71/1975 - Central Bank of Ireland (Form of Statement of Accounts (Amendment) Regulations, 1975
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S.I. No. 71 of 1975.
CENTRAL BANK OF IRELAND (FORM OF STATEMENT OF ACCOUNTS (AMENDMENT) REGULATIONS, 1975.
I, RICHIE RYAN, 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 amended by the Exchequer and Local Financial Years Act (Adaptation of Enactments and Statutory Instruments) (No. 2) Order, 1974 ( S.I. No. 293 of 1974 ), and after consultation with the Board of Directors of the Central Bank of Ireland, hereby make the following regulations:
1.
(1) These Regulations may be cited as the Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1975.
- (2) The Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961 to 1973, and these Regulations may be cited together as the Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961 to 1975.
2.
The Interpretation Act, 1937 (No. 38 of 1937), applies to these Regulations.
3.
The Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961 ( S.I. No. 187 of 1961 ), are hereby amended by the substitution of "31st December" for "31st March", in each place where it occurs, in the Schedule.
4.
The statement of accounts prepared by the Central Bank of Ireland under 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), in respect of the period from the 1st day of April to the 31st day of December, 1974, 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.
SCHEDULE
FORM OF STATEMENT OF ACCOUNTS.
PART I. LEGAL TENDER NOTE FUND.
A. — ISSUE ACCOUNT
| Notes outstanding as at | Notes outstanding as at | Notes redeemed during | Notes redeemed during | ||
| 31st March 1973 | 31st March 1974 | Year ended 31st March, 1974 | Nine Months ended 31st December, 1974 | ||
| £ | £ | £ | £ | ||
| 10/- | 10/- | ||||
| £1 | £1 | ||||
| £5 | £5 | ||||
| £10 | £10 | ||||
| £20 | £20 | ||||
| £50 | £50 | ||||
| £100 | £100 | ||||
| £ | £ | £ | £ | ||
| Notes issued during | Notes issued during | Notes outstanding as at | Notes outstanding as at | ||
| Year ended 31st March, 1974 | Nine Months ended 31st December, 1974 | 31st March, 1974 | 31st December, 1974 | ||
| 10/ | £ | £ | 10/- | £ | £ |
| £1 | £1 | ||||
| £5 | £5 | ||||
| £10 | £10 | ||||
| £20 | £20 | ||||
| £50 | £50 | ||||
| £100 | £100 | ||||
| £ | £ | £ |
B — BALANCE SHEET.
| Liabilities | Liabilities | Liabilities | Assets | Assets | Assets |
| 31st March, 1974 | 31st December, 1974 | 31st March, 1974 | 31st December, 1974 | ||
| £ | £ | £ | £ | ||
| Notes outstanding | 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 subsection (7) of section 3 of the Bretton Woods Agreements Act, 1957 | |||||
| Balance in General Fund | |||||
| £ | £ | £ | £ |
PART II. GENERAL FUND.
A. — PROFIT AND LOSS ACCOUNT.
| Year ended 31st March, 1974 | Nine months ended 31st December, 1974 | Year ended 31st March, 1974 | Nine months ended 31st December, 1974 | ||
| £ | £ | £ | £ | ||
| Salaries, wages and other remuneration | Income from assets of Legal Tender Note Fund | ||||
| Other expenses | Income from assets of General Fund | ||||
| Interest on borrowings for Legal Tender Note Fund | Payments on notes of former banks of issue | ||||
| Interest on deposits | Other receipts | ||||
| Profit and Loss | |||||
| Appropriation Account | |||||
| £ | £ | £ | £ |
B. — PROFIT AND LOSS APPROPIATION ACCOUNT.
| £ | £ | £ | £ | ||
| Currency Reserves | Profit and Loss Account | ||||
| General Reserves | |||||
| Superannuation Reserve | |||||
| Depreciation Accounts | |||||
| Surplus Income Account | |||||
| £ | £ | £ | £ |
C. — SURPLUS INCOME ACCOUNT
| £ | £ | £ | £ | ||
| Payments to the Exchequer | Balance brought forward from previous account | ||||
| Balance | Profit and Loss Appropriation | ||||
| £ | £ | £ | £ |
D. — BALANCE SHEET.
| Liabilities | Liabilities | Liabilities | Assets | Assets | Assets |
| 31st March, 1974 | 31st December, 1974 | 31st March, 1974 | 31st December, 1974 | ||
| £ | £ | £ | £ | ||
| CAPITAL AND RESERVES | Cash and Balances with other banks | ||||
| Capital paid by the Minister for Finance | Money at call and at short notice | ||||
| Currency Reserve | Bills rediscounted | ||||
| General Reserve | Advances | ||||
| Superannuation Reserve | Gold | ||||
| Total | |||||
| Borrowings | International Monetary Fund: | ||||
| Government accounts | |||||
| Bankers' accounts | Quota of Ireland | ||||
| Other accounts | |||||
| Reserve Bonds | Special Drawing Rights | ||||
| International Montary Fund: | |||||
| Deposit and Demand Notes accounts | External Government investments | ||||
| Special Drawing Rights | Irish Government investment | ||||
| Allocation Account | |||||
| Surplus Income Account | Other investments | ||||
| Legal Tender Note Fund Balance | Premises | ||||
| Other liabilities | Other assets | ||||
Notes on forming part of these accounts.
GIVEN under my Official Seal this 26th day of March 1975.
RICHIE RYAN,
Minister for Finance.
EXPLANATORY NOTE.
These regulations amend the form in which the annual accounts of the Central Bank are prepared to take account of the change in the Bank's financial year, which now coincides with the calendar year. They also make provision for the form of accounts in respect of the transitional period from 1 April 1974 to 31 December 1974.
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