S.I. No. 50/1928 - Currency Commission (Form of Statement of Accounts) Regulations, 1928.

STATUTORY RULES AND ORDERS. 1928. No. 50.

CURRENCY COMMISSION (FORM OF STATEMENT OF ACCOUNTS) REGULATIONS, 1928.

WHEREAS it is enacted by section 35 of the Currency Act, 1927 (No. 32 of 1927), that the Currency Commission shall within six months after the end of every year prepare and transmit to the Comptroller and Auditor-General a statement of accounts in respect of such year in such form as shall be prescribed by regulations made under that section and that the Minister for Finance may, after consultation with the Currency Commission, make regulations prescribing the form of statements of accounts to be prepared by the Currency Commission under that section,

AND WHEREAS the Minister for Finance has before making these Regulations consulted with the Currency Commission in regard thereto,

NOW, the Minister for Finance, in exercise of the powers conferred on him by section 35 of the Currency Act, 1927 (No. 32 of 1927), and of every and any other power him in this behalf enabling hereby makes the following regulations, that is to say :—

1. These Regulations may be cited as the Currency Commission (Form of Statement of Accounts) Regulations, 1928.

2. The Interpretation Act, 1923 (No. 46 of 1923) applies to the interpretation of these Regulation in like manner as it applies to the interpretation of an Act of the Oireachtas.

3. Every statement of accounts prepared by the Currency Commission under section 35 of the Currency Act, 1927 (No. 32 of1927), shall be in the form set out in the Schedule hereto save that, whenever in any such statement of accounts a nil entry would require to be made under any heading in such form, the Currency Commission, may, in lieu of making such nil entry, omit such heading from such statement of accounts.

4. Every statement of accounts prepared by the Currency Commission under the said section 35 shall have appended thereto the signature of the Chairman of the Currency Commission and the signature of an officer of the Currency Commission nominated for that purpose by the Currency Commission.

Given at Dublin under the official Seal of the Minister for Finance this 30th day of July, 1928.

(Signed) J. J. McELLIGOTT,

Secretary, Department of Finance.

SCHEDULE.

PART I.

LEGAL TENDER NOTE FUND.

A.—ISSUE ACCOUNT.

Outstanding as at 31st				Redeemed during year ended
March, 19....:—				31st March, 19...—
10/- notes £				10/- notes
£1 notes				£1 notes
£5 notes				£5 notes
£10 notes				£10 notes
£20 notes				£20 notes
£50 notes				£50 notes
£100 notes				£100 notes
	__________		£		________		£

Issued during year ended				Outstanding as at 31st
31st March, 19...:—				March, 19...—
10/- notes		£		10/- notes
£1 notes				£1 notes
£5 notes				£5 notes
£10 notes				£10 notes
£20 notes				£20 notes
£50 notes				£50 notes
£100 notes				£100 notes
	__________		£		________	£

			£

B.—BALANCE SHEET.

Liabilities.		Assets.
Notes outstanding as at		(a) Gold bullion .	£
31st March, 19	£	(b) Gold coins which are for the time being legal tender in Saorstát Eireann for unlimited amounts ..
Temporary Borrowings
61 (6))	£	£
		(c) Money in any form which is for the time being legal tender in Great Britain for unlimited amounts	£
		(d) British Government Securities maturing within twelve months£	£
		(e) Sterling balances on current or deposit account at the London Agency or any Bank in Great Britain or Northern Ireland	£
	£		£

PART II.

NOTE RESERVE FUND.

BALANCE SHEET.

Liabilities.			Assets.
Advances from Central Fund (50 (3) )	£		(a) Gold bullion	£
(b) Gold coins which are for the time being legal tender in Saorstát Eireann for unlimited amounts	£
Temporary Borrowings (62 (5) ) Balance (being balance of Statutory Transfers under Sections (61 (7) and (62 (6))
			(c) Money in any form which is for the(time being legal tender in Great Britain for unlimited amounts
£	£	(d) British Government securities.	£
Less Unrecovered Payments in respect of Consolidated Bank Notes (58 (7) )			(e) Securities guaranteed by the British Government	£
£	£	(f) Sterling balances on current or deposit account at the London Agency or any Bank in Great Britain or Northern Ireland	£
			(g) Legal Tender Notes	£
				£

PART III.

GENERAL FUND

A.—PROFIT AND LOSS ACCOUNT.

Expenses of the Currency Commission (63 (2))			Dividends and Interest on Assets of Legal Tender Note Fund (61 (5))	£
Salaries, wages and other remuneration	£		Dividends and Interest on Assets of Note Reserve Fund (62 (4))	£
Other expenses	£		Payments on Consolidated Bank Notes (65 (1)) a, b, c, d.)	£
	_________£
Statutory Transfers to NoteReserve Fund (61 (6))			Payments on Consolidated
		Bank Notes (65 (1) e)	£
Interest on borrowings for Legal Tender Note Fund (61 (6))	£		Payments on certain outstanding
	Bank Notes (66)	£
Interest on borrowings for Note Reserve Fund (62 (5))	£		Other Receipts	£
Other Payments	£
Profit and Loss Appropriation Account	£
	£			£

B.—PROFIT AND LOSS APPROPRIATION ACCOUNT.

General Reserve..	£	Profit and Loss Account..£
Pension Reserve..	£
Depreciation Accounts..	£
Surplus Income Account..	£
	£		£

C.—SURPLUS INCOME ACCOUNT.

Dividends paid to Shareholding Banks (63 (6)) ..	£	Profit and Loss Appropriation Account..	£
Payments to the Exchequer(63 (7))	£
Balance	£
	£		£

D.—BALANCE SHEET.

Liabilities.		Assets.. .. ..
Payment by Shareholding Banks on Account of Capital Liability..(64)	£	Cash Money at Call and at Short Notice..	£ £
Statutory Transfers to Note Reserve Funds (62 (6))..	£	Investments.. .. Premises.. .. ..	£ £
Borrowings (63 (4))..	£	Other Assets.. ..	£
General Reserve..	£
Pension Reserve.. ..	£
Deposits.. .. ..	£
Surplus Income Account(63(5)).. .. ..	£
Other Liabilities.. ..	£
	£		£

(Signed),........................................................

Chairman of the Currency Commission.

(Signed),.........................................................

Secretary (or as the case may be) to the Currency Commission.