S.I. No. 71/1975 - Central Bank of Ireland (Form of Statement of Accounts (Amendment) Regulations, 1975.

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 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 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			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			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.