S.I. No. 83/1984 - Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1984.

S.I. No. 83 of 1984.

CENTRAL BANK OF IRELAND (FORM OF STATEMENT OF ACCOUNTS) (AMENDMENT) REGULATIONS, 1984.

I, ALAN M. DUKES, 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, 1984.

(2) The Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961 to 1981, and these Regulations may be cited together as the Central Bank of Ireland (Form of Statement of Accounts) Regulations, 1961 to 1984 and shall be construed together as one.

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 for the form of statement of accounts (inserted by the Central Bank of Ireland (Form of Statement of Accounts) (Amendment) Regulations, 1969 ( S.I. No. 120 of 1969 )) of the form of statement of accounts set out in the Schedule to these Regulations.

4. Every statement of accounts prepared by the Bank under section 35 of the Act shall include—

( a ) such information (if any) in relation to the accounting policies of the Bank as the Bank considers appropriate for inclusion,

( b ) in respect of each denomination of legal tender note, details of the net issues or redemptions, as the case may be, of legal tender notes during the year, together with the balance outstanding at the end of the year,

( c ) in the case of the Profit and Loss Appropriation Account, an analysis of the figure for transfer to reserves under the heading of general, currency and superannuation reserves and an analysis of the comparative figure for the previous year,

( d ) in the case of the Balance Sheet of the General Fund, an analysis of the capital, reserves and liabilities of the Fund which shall include the following:—

(i) the balance on the general, currency and superannuation reserves,

(ii) in the case of International Monetary Fund Accounts, the balances on Deposit and Demand Notes Accounts and the SDR Allocation Account, and

(iii) the amount of interest due on deposits,

and an analysis of the said Fund for the previous year which shall include information corresponding to that specified in sub-paragraphs (i), (ii) and (iii) of this paragraph,

( e ) in the case of the Balance Sheet of the General Fund, an analysis of the assets of the Fund which shall include the following:—

(i) the amount of Irish Government investments and external government investments,

(ii) in the case of International Monetary Fund Accounts, the balances on quota of Ireland and Special Drawing Rights,

(iii) the amount of income accrued due but not received,

and an analysis of the said Balance Sheet for the previous year which shall include information corresponding to that specified in subparagraphs (i), (ii) and (iii) of this paragraph, and

( f ) such other information as the Bank considers appropriate.

SCHEDULE

Form of Statement of Accounts

PART I

Legal Tender Note Fund

A. Issue Account for the Year Ended 31 December 19..

	19..	19..
	£000	£000
Notes outstanding at end of previous year
Net issues of notes during the year
Notes outstanding at end of year

B. Balance Sheet as at 31 December 19..

	19..	19..
	£000	£000
Assets
Currencies and securities of Governments of other Member States of the European Economic Community
Currency and securities of the Federal Government of the United States of America
ECUs
Balance in General Fund
Other Eligible Assets

Liabilities
Notes Outstanding

PART II

General Fund

A. Profit and Loss Account for Year Ended 31 December 19...

		19..		19..
	£000	£000	£000	£000
Investment Income
Other Receipts
Interest Paid on Deposits
Net Income
Staff
Remuneration
Other Expenses

Net Profit

B. Profit and Loss Appropriation Account for Year Ended 31 December 19..

		19..		19..
	£000	£000	£000	£000
Net Profit for Year
Depreciation
Transfer to Reserves

Surplus Income payable to the Exchequer

C. Balance Sheet as at 31 December 19..

Liabilities

Assets

19..

19...

19..

Capital

£000

Cash and Short Term Funds

£000

Reserves

Government Investments

Legal Tender Note Fund Balance

Other Investments

Irish Government Deposits

Advances

Banks' Deposits

ECUs

Building Societies' Deposits

International Monetary Fund Acounts

Other Deposits

Gold

International Monetary Fund Accounts

Other Assets

Surplus Income

Fixed Assets

Other Liabilities

GIVEN under my Official Seal, this 29th day of March, 1984.

ALAN M. DUKES,

Minister for Finance.

EXPLANATORY NOTE

These Regulations amend the form of the accounts of the Central Bank of Ireland by specifying new formats for the Legal Tender Note Fund Issue Account and Balance Sheet and the General Fund Profit and Loss Account, Profit and Loss Appropriation Account and Balance Sheet. They also specify the minimum amount of information to be given by the Bank in the notes to the accounts.