Div 5Advances and Investments.

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Division 5.—Advances and Investments. Advance. 27.—(1.) Where the Commonwealth Bank is satisfied that it is necessary or expedient to do so in the public interest, the Commonwealth Bank may determine the policy in relation to advances to be followed by banks and each bank shall follow the policy so determined. (2.) Without limiting the generality of the last preceding sub\-section, the Commonwealth Bank may give directions as to the classes of purposes for which advances may or may not be made by banks and each bank shall comply with any directions so given. (3.) Nothing in this section shall— (a) authorize the Commonwealth Bank to make any determination or give any direction with respect to an advance made, or proposed to be made, to any particular person; or (b) affect the validity of any transaction entered into in relation to an advance or affect the right of a bank to recover any advance or enforce any security given in respect of an advance. Limitation on purchase of securities. 28. A bank specified in Part I. of the First Schedule shall not, except with the consent in writing of the Commonwealth Bank, purchase or subscribe to— (a) securities of the Commonwealth or of a State, or of any authority of the Commonwealth or of a State; (b) securities of any local governing body in Australia; or (c) securities listed on a Stock Exchange in Australia. Part III.—Foreign Exchange. Exchange control. 29.—(1.) Where the Governor-General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, or in order to conserve, in the national interest, the foreign exchange resources of the Commonwealth, he may make regulations, not inconsistent with this Act, making provision for and in relation to the control of foreign exchange and, in particular, but without limiting the generality of the foregoing, for or in relation to— (a) the buying, borrowing, selling, lending or exchanging of foreign currency, including the fixing of rates of exchange; (b) any dealing or transaction having the effect of a purchase, borrowing, sale, loan or exchange of foreign currency; (c) the taking or sending out of Australia of gold, Australian currency or foreign currency; (d) requiring any person who has power to sell, or to procure the sale of, any foreign currency to sell, or procure the sale of, that foreign currency as prescribed; (e) the taking, sending or transfer of any securities to a place outside Australia, including the transfer of securities from a register in Australia to a register outside Australia; (f) the prohibition of the importation or exportation of goods unless a licence under the regulations to import or export the goods is in force; (g) the terms and conditions to which such licences may be subject; and (h) prescribing penalties not exceeding a fine of Five thousand pounds or imprisonment for a period not exceeding five years for any offence against the regulations made under this section. (2.) In this section— “Australian currency” includes notes, coins, postal notes, money orders, bills of exchange, promissory notes, drafts, letters of credit and travellers’ cheques, payable or expressed in Australian money, and also includes rights, and instruments of title, to Australian money; ‘‘foreign currency” includes notes, coins, postal notes, money orders, bills of exchange, promissory notes, drafts, letters of credit and travellers’ cheques, payable or expressed otherwise than in Australian money, and also includes rights, and instruments of title, to money other than Australian money; “securities” includes shares, stock, bonds, debentures, debenture stock, Treasury Bills, and units or sub-units of a unit trust, and also includes deposit receipts in respect of the deposit of securities and documents of title to securities. Part IV.—Gold. Operation of Part. 30.—(1.) This Part shall not be in operation except as provided in this section. (2.) Where the Governor-General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, he may, by Proclamation, declare that this Part, or such of the provisions of this Part as are specified in the Proclamation, shall come into operation, and this Part, or the provisions so specified, shall thereupon come into operation. (3.) Where the Governor-General is satisfied that it is no longer expedient, for the protection of the currency or of the public credit of the Commonwealth, that this Part, or any of the provisions of this Part, should remain in operation, the Governor-General may, by Proclamation, declare that this Part, or such of the provisions of this Part as are specified in the Proclamation, shall cease to be in operation, and thereupon this Part, or the provisions so specified, shall cease to be in operation. Transfer of gold out of Australia. 31. A person shall not, except with the consent in writing of the Commonwealth Bank, take or send any gold out of Australia. Penalty: One thousand pounds or imprisonment for five years. Delivery of gold. 32.—(1.) Subject to this Part, every person who has any gold in his possession or under his control, not being— (a) gold coins the total value of the gold content of which does not exceed the prescribed amount; or (b) gold lawfully in the possession of that person for the purpose of being worked or used in manufacture for professional or trade purposes, shall deliver the gold to the Commonwealth Bank, or as prescribed, within one month after the gold comes into his possession or under his control. Penalty: One thousand pounds or imprisonment for five years. (2.) In addition to any other punishment, a court may, if it thinks fit, order the forfeiture of any gold in respect of which an offence against this section has been committed. Vesting of gold delivered 33. All gold delivered in pursuance of the last preceding section shall thereupon vest in the Commonwealth Bank absolutely, free from any mortgage, charge, lien, trust, or other interest in or affecting the gold, and the Commonwealth Bank shall pay for the gold, to the person delivering the gold, on behalf of all persons having any interest in the gold, an amount determined in accordance with the next succeeding section and the Commonwealth Bank shall not be under any liability to any other person claiming any interest in the gold. Payment for gold 34. The amount to be paid for any gold delivered in pursuance of section thirty-two of this Act shall be an amount determined in accordance with such price as is fixed and published by the Commonwealth Bank or, at the option of the person delivering the gold, such amount as is determined in an action for compensation against the Commonwealth Bank. Limitation of sale and purchase of gold. 35.—(1.) Subject to this Part— (a) a person shall not sell or otherwise dispose of gold to any person other than the Commonwealth Bank or a person authorized in writing by the Commonwealth Bank to purchase gold; and (b) a person, other than the Commonwealth Bank or a person so authorized, shall not buy gold from any person. (2.) A person may buy gold from the Commonwealth Bank or from a person authorized in writing by the Commonwealth Bank to sell gold, and the Commonwealth Bank or a person so authorized may sell gold to any person, for the purpose of its being worked or used in manufacture by the purchaser for professional or trade purposes. (3.) A person authorized by the Commonwealth Bank under this section shall comply with such directions relating to gold as are given to him by the Commonwealth Bank. Penalty, for any offence against this section: Five hundred pounds or imprisonment for two years. Limitation on working of gold. 36. A person shall not work or use in manufacture any gold, not being gold lawfully in his possession for the purpose of being worked or used in manufacture for professional or trade purposes. Penalty: Five hundred pounds or imprisonment for two years. Application of Part. 37.—(1.) This Part shall not apply to wrought gold, not being wrought gold worked or manufactured in contravention of this Part. (2.) In this section, “wrought gold” means gold and gold alloys which on view have apparently been worked or manufactured for professional or trade purposes and includes the waste products arising from the working or manufacturing of gold and gold alloys for professional or trade purposes. Exemption. 38. The Commonwealth Bank may, by instrument in writing, and either wholly or to the extent specified in the instrument, exempt any person from the application of the whole or any of the provisions of this Part and, so long as the exemption continues, that person shall be exempt accordingly. Part V.—Interest Rates. Control of interest rates. 39.—(1.) The Commonwealth Bank may, with the approval of the Treasurer, make regulations— (a) making provision for and in relation to the control of rates of interest payable to or by banks, or to or by other persons in the course of any banking business carried on by them; (b) making provision for and in relation to the control of rates of discount chargeable by banks, or by other persons in the course of any banking business carried on by them; and (c) providing that interest shall not be payable in respect of— (i) any amount deposited with a bank, or with any other person in the course of any banking business carried on by him, and repayable on demand or after the expiration of a period specified in the regulations; or (ii) so much of the amount to the credit of a deposit account in a savings bank as exceeds an amount specified in the regulations. (2.) Any person who contravenes or fails to comply with any regulation under this section shall be guilty of an offence punishable— (a) if the offence is prosecuted summarily—by a fine not exceeding One hundred pounds or imprisonment for a term not exceeding six months; or (b) if the offence is prosecuted upon indictment—by a fine not exceeding Five thousand pounds or imprisonment for a term not exceeding five years. Part VI.—Statistics. Balance-sheets and statements to be furnished by banks. 40. Each bank specified in Part I. of the First Schedule shall prepare— (a) a balance-sheet, in accordance with Form A, as at the close of business on a date in each year prescribed in respect of that bank; (b) a statement of its profit and loss, in accordance with Form B, in respect of each year ending on that date; (c) a statement of its income and expenditure in respect of its Australian business, in accordance with Form C, in respect of each year ending on that date; (d) a statement of liabilities and assets within Australia in accordance with Form D; (e) a statement of debits to customers’ accounts in accordance with Form E; (f) a statement of its foreign currency position in accordance with Form F; (g) a statement of loans, advances and bills discounted, classified according to— (i) the purpose of the loan, advance or discounting; (ii) the rate of interest or discount chargeable; and (iii) the industry of the borrower or person for whom the bill is discounted, in accordance with the prescribed form; (h) a statement of deposits, classified according to— (i) the term of the deposit; (ii) the rate of interest payable; (iii) the industry of the depositor, in accordance with the prescribed form; and (i) such additional statements as are prescribed. Directions with respect to Forms. 41. Each balance-sheet and statement referred to in the last preceding section shall be prepared in accordance with the directions specified in the balance-sheet or statement, and in accordance with such instructions (not inconsistent with those directions) as are given by the Commonwealth Bank, and copies of the balance-sheet or statement shall be delivered to the Commonwealth Statistician or to the Commonwealth Bank, or to both, in accordance with the directions specified in the balance-sheet or statement. Variation of Forms. 42. The regulations may provide for the variation of any Form in the Second Schedule, including directions specified therein, but so that no change shall be made in the essential nature of the Form. Verification of balance sheets and statements. 43. Every balance-sheet and statement prepared under this Part shall be verified by a statutory declaration made by a senior officer of the bank concerned. Certain statements to be published in Gazette. 44.—(1.) From the balance-sheets in accordance with Form A and the statements of profit and loss in accordance with Form B delivered to the Commonwealth Statistician, the Commonwealth Statistician shall prepare, and shall publish in the Gazette, a statement showing, in respect of each bank, the liabilities, assets and profit and loss of that bank. (2.) From the statements of liabilities and assets within Australia in accordance with Form D delivered to the Commonwealth Statistician, the Commonwealth Statistician shall prepare, and shall publish in the Gazette, a statement, in respect of each bank, of the average of that bank’s liabilities and assets within Australia for each month. Publication of other statements. 45. From the information contained in the balance-sheets and statements delivered to him in pursuance of this Part, the Commonwealth Statistician shall prepare and publish such other statements as the Treasurer directs, but no such statement shall be in such a form as to disclose the information supplied by any individual bank, except in so far as that information is contained in any balance-sheet or statement referred to in the last preceding section. Penalty. 46. A bank shall not contravene or fail to comply with any of the provisions of this Part which are applicable to it. Penalty: Five hundred pounds. Exemptions. 47. The Treasurer may, by instrument in writing, exempt any bank from the obligation to prepare and deliver any balance-sheet or statement in accordance with a Form in the Second Schedule which is specified in the instrument and, so long as the exemption continues, that bank shall be exempt accordingly. Part VII.—Miscellaneous. Banks not to conduct certain business. 48.—(1.) Except with the consent in writing of the Treasurer, a bank shall not conduct any banking business for a State or for any authority of a State, including a local governing authority. (2.) Any consent of the Treasurer under this section may apply to all such business conducted by any particular bank or at a particular office of a bank, or to the business of any particular State or authority conducted by any particular bank or at a particular office of a bank. (3.) Until a date fixed by the Treasurer by notice published in the Gazette, this section shall apply only in relation to banking business conducted for a State or for an authority of a State, including a local governing authority, specified by the Treasurer by notice in writing, and, if an office of a bank is specified in the notice, at the office so specified. Reports by Auditor General. 49.—(1.) The Auditor-General shall investigate periodically the books, accounts and transactions of each bank and shall furnish to the Treasurer and to the Commonwealth Bank such reports upon the affairs of each bank as the Treasurer directs. (2.) The Treasurer may at any time direct the Auditor-General to make an investigation of the books, accounts and transactions of a bank specified by the Treasurer and to furnish to the Treasurer and to the Commonwealth Bank such reports upon the affairs of that bank as the Treasurer directs and the Auditor-General shall make an investigation and furnish reports accordingly. (3.) Nothing in this section shall authorize the Auditor-General to furnish a report with respect to the affairs of any individual customer of a bank. (4.) For the purpose of any investigation under this section, a bank shall afford the Auditor-General access to its books, accounts and documents and shall give to the Auditor-General such information and facilities as he requires to conduct the investigation. Supply of information. 50.—(1.) Every bank shall furnish to the Commonwealth Bank such information in respect of its business as the Commonwealth Bank directs, and every person who carries on any banking business in Australia shall furnish to the Commonwealth Bank such information in connexion with his banking business as the Commonwealth Bank directs. (2.) A direction under this section shall not require information to be furnished with respect to the affairs of any individual customer. Amalgamation, &c., requires consent of Treasurer. 51.—(1.) Except with the prior consent in writing of the Treasurer, after the receipt by him of a recommendation of the Commonwealth Bank, a bank shall not— (a) enter into any arrangement or agreement for any sale or disposal of its business by amalgamation or otherwise, or for the carrying on of business in partnership with any other bank; or (b) effect any reconstruction of the bank. (2.) Any such arrangement, agreement or reconstruction, and any such sale or disposal in pursuance of any such arrangement or agreement, entered into without the prior consent of the Treasurer shall be void and of no effect. Settlement of balances between banks 52. Each bank specified in Part I. of the First Schedule shall settle, by means of cheques drawn on and paid into the Commonwealth Bank, the balances arising, between itself and any other bank so specified, out of any customary general clearance effected in any capital city in Australia. Penalty: One hundred pounds. Banks may be directed to comply with Act. 53.—(1.) Where any bank is convicted of an offence against this Act or the regulations, a Full Court of the High Court constituted by not less than three Justices may, upon the application of the Attorney-General, by motion, direct compliance by the bank, within a period specified by the Court, with the provisions of this Act or the regulations with which the bank has failed to comply. (2.) In default of compliance by the bank within the specified period with any direction given by the Court in pursuance of the last preceding sub-section, the Court may authorize the Commonwealth Bank to assume control of and to carry on, the business of that bank. (3.) The provisions of sections thirteen and fourteen of this Act shall, so far as applicable, have effect where the Commonwealth Bank has assumed control of the business of a bank in pursuance of the last preceding sub-section. (4.) Where the Commonwealth Bank has assumed control of the business of a bank in pursuance of sub-section (2.) of this section, the Commonwealth Bank shall remain in control of, and shall continue to carry on, the business of that bank until such time as the High Court is satisfied that it is no longer necessary for the Commonwealth Bank to remain in control of the business of that bank and authorizes the Commonwealth Bank to cease to control the business of that bank. Restriction of use of word “bank”, &c. 54.—(1.) A person or body of persons, not being a bank, shall not assume or use, in relation to the business, or any part of the business, carried on by that person or body, the word “bank”, “banker” or “banking” or any word of a like import. (2.) Nothing in this section shall be deemed to prohibit the use, by any person or body of persons, of any word in use by that person or body immediately prior to the commencement of this Part— (a) for a period of six months after the commencement of this Part; or (b) where the Treasurer, in writing, authorizes the continued use of the word. Restriction of use of words “savings bank”. 55.—(1.) A person or body of persons (not being a bank specified in Part II. of the First Schedule) shall not assume or use, in relation to the business, or any part of the business, carried on by that person or body, the words “savings bank” or any words of a like import. (2.) Nothing in this section shall be deemed to prohibit the use, by any person or body of persons, of any words in use by that person or body immediately prior to the commencement of this Part— (a) for a period of six months after the commencement of this Part; or (b) where the Treasurer, in writing, authorizes the continued use of the words. Unclaimed moneys. 56.—(1.) Every bank specified in Part I. of the First Schedule, and the Commonwealth Bank, shall, within three months after the thirty-first day of December in each year, deliver to the Treasurer a statement of all unclaimed moneys. (2.) The statement shall set forth the name of each shareholder, depositor or creditor, his last-known address, the amount due, the office or branch of the bank at which the last transaction took place, and the date thereof, and, if the shareholder, depositor or creditor is known to the bank to be dead, the statement shall show the names and addresses of his legal representatives so far as known to the bank. (3.) The total amount shown in the statement shall be— (a) paid by the bank to the Treasurer at the time of the delivery of the statement; (b) credited by the Treasurer to the Trust Fund established by the Audit Act 1901–1934; (c) available during six years after payment to the Treasurer for payment to the persons whom the bank was liable to pay or to the respective administrators, executors or assigns of those persons; and (d) paid thereafter to the Consolidated Revenue Fund. (4.) After the payment to the Consolidated Revenue Fund of any unclaimed moneys, the Treasurer may pay to any person to whom any amount of such moneys was due by the bank the amount so due. (5.) Upon payment to the Treasurer of any amount as required by this section, the bank shall be held to be discharged from further liability for the amount so paid. (6.) The Consolidated Revenue Fund is hereby appropriated for the purposes of, and to the extent necessary to give effect to, sub\-section (4.) of this section. (7.) Particulars of every sum not less than Ten pounds included in the statement mentioned in this section shall be published by the Treasurer in the Gazette. (8.) A bank shall not contravene or fail to comply with any provision of this section which is applicable to it. Penalty: One hundred pounds. (9.) For the purposes of this section, “unclaimed moneys” means all principal, interest, dividends, bonuses, profits and sums of money whatsoever which are legally payable by a bank but in respect of which the time within which proceedings may be taken for the recovery thereof has expired, and includes moneys to the credit of an account which has not been operated on, either by deposit or withdrawal, for a period of not less than seven years. Penalties on executive officers. 57. Where any offence against this Act or the regulations has been committed by any body corporate, the chief executive officer in Australia of the body corporate shall be liable to the penalty provided in respect of that offence, but nothing in this section shall affect the liability of the body corporate. Treasurer to consent to proceedings for offences. 58. Proceedings for an offence against this Act or the regulations shall not be instituted without the consent in writing of the Treasurer. Certificate as to certain facts. 59. The production of any certificate purporting to have been given by the Governor or Deputy Governor of the Commonwealth Bank certifying to any matter relating to the failure of any person to comply with any of the provisions of this Act or the regulations shall in all courts be prima facie evidence that those matters are as so certified. Regulations. 60. The Governor-General may make regulations, not inconsistent with this Act, prescribing all matters which by this Act are required or permitted to be prescribed, or which are necessary or convenient to be prescribed for giving effect to this Act and in particular for prescribing penalties not exceeding One hundred pounds for any offence against the regulations. THE SCHEDULES. —— FIRST SCHEDULE Section 8. Part I. The Ballarat Banking Company Limited. The Bank of Adelaide. The Bank of Australasia. Bank of China. Bank of New South Wales. Bank of New Zealand. The Brisbane Permanent Building and Banking Company Limited. The Commercial Bank of Australia Limited. The Commercial Banking Company of Sydney Limited. Comptoir National d’Escompte de Paris. The English, Scottish and Australian Bank, Limited. The National Bank of Australasia Limited. The Queensland National Bank Limited. The Union Bank of Australia Limited. Part II. The Hobart Savings Bank. Launceston Bank for Savings. Section 40. SECOND SCHEDULE. —— Form A. —— —— Balance-sheet of the...........................as at the close of business on.................... | Liabilities. | Assets. | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | £ s. d.1. Authorized capital*....................______2. Issued capital†.......................______3. Paid-up capital.......................4. Reserve funds‡—..................................................................5. Final dividend proposed.................6. Balance of profit and loss account...........______7. Total shareholders’ funds.................8. Interminable deposits or deposit stock—..................................................................9. Deposits, bills payable and other liabilities including provisions for contingencies10. Notes in circulation....................11. Balances due to other banks______ | £ s. d.1. Coin, bullion, notes and cash at bankers §..2. Money at short call—(a) London....................(b) Elsewhere..................3. Special Account with Commonwealth Bank.4. Cheques and bills of other banks and balances with and due from other banks5. Treasury bills—(a) Australian Governments;(b) Other Governments............6. Public securities (excluding Treasury bills)¶—(a) Australian Government securities;...(b) Other Government securities;(c) Local and Semi-Governmental Authorities’ securities7. Bills receivable and remittances in transit...8. Loans, advances and bills discounted (after deducting provisions for debts considered bad or doubtful)9. Bank premises, furniture and sites¶—.....10. All other assets..................._____ | | Total................. | Total................. | \* Insert details of shares, including number, denomination, class and total. † Insert details of shares issued, Including number and amount, denomination and class, and amount paid up per share, and set out details of reserved liability (if any). ‡ State if used in the business or how otherwise used. § Include as cash at bankers only cash at central banks and London clearing banks but exclude Special Account with Commonwealth Bank. ¶ Stat basis of valuation, that is, cost price, market price or otherwise. 1. Copies of this balance-sheet shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within six months after the date as at which the balance-sheet is prepared. 2.—(1.) If the balance-sheet includes any asset or liability (other than share capital or any reserve fund specifically set out therein) realizable or payable in any currency other than Australian currency, and the value of that asset or liability included in the balance-sheet is not the equivalent in Australian currency (calculated at a rate of exchange current on the date as at which the balance-sheet is prepared) of the value of that asset or liability in that other currency, the balance-sheet shall form a—continued. show what the effect on each relevant item of the balance-sheet would have been if the value of that asset or liability had been converted into Australian currency at such a rate of exchange. (2.) The last preceding sub-paragraph shall not, so long as the Commonwealth Bank sells telegraphic transfers on New Zealand for not less than Ninety-nine pounds, and for not more than One hundred and one pounds, in Australian currency, for each One hundred pounds in New Zealand currency, apply in relation to any asset or liability realizable or payable in New Zealand currency. ———— Form B. —— —— Statement of Profit and Loss of the..........................in respect of the year ended...................... | | £ s. d. | | £ s. d. | | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------- | | 1. To Expenses (including Directors’ fees £...............)2. To Income, Land and other Taxes3. To Balance, being net profit for the year carried down | _______ | 1. By Discount and interest earned, net exchange, commissions and other items (including transfers from contingencies accounts), after deducting interest paid and accrued on deposits, rebate on bills current at balance date, amounts written off assets and losses on realization of assets and transfers to the credit of contingencies accounts (out of which accounts provisions for all bad and doubtful debts have been made) | _______ | | Total............ | | Total............... | | | 4. To Transfer to Reserve Funds5. To Amounts written off Bank Premises6. To Other Appropriations as follows:—..............................................7. To Dividends (*):—Interim paid £.............Final proposed payable £......8. To Balance carried forward...... | _______ | 2. By Net Balance brought forward...3. By Net Profit for the year........ | _______ | | Total............ | | Total............ | | \* Rate of dividend for year.................................... ……………………… Gross amount of dividends.................................... ……………………… Less British taxes payable by bank and recouped from shareholders......... ……………………… Net amount of dividends payable to shareholders...................... ……………………… Second Schedule—continued, form b—continued. 1. Copies of this statement shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within six months after the end of the year to which the statement relates. 2.—(1.) If the statement includes any credit earned or debit incurred in any currency other than Australian currency, and the value of that credit or debit included in the statement is not the equivalent in Australian currency (calculated at a rate of exchange current at some date during the year to which the statement relates) of the value of that credit or debit in that other currency, the statement shall show what the effect on each relevant item in the statement would have been if the value of that credit or debit had been converted into Australian currency at a rate of exchange current at some date during the year to which the statement relates. (2.) The last preceding sub-paragraph shall not, so long as the Commonwealth Bank sells telegraphic transfers on New Zealand for not less than Ninety-nine pounds, and for not more than One hundred and one pounds, in Australian currency, for each One hundred pounds in New Zealand currency, apply in relation to any credit earned or debit incurred in New Zealand currency. ——————— Form C. ——— —— Statement of Income and Expenditure in Respect of Australian Business of the...........................in respect of the year ended..................... <table cellspacing="0" cellpadding="0" style="width:100%; margin-bottom:0pt; border-collapse:collapse"><tbody><tr style="height:1pt"><td colspan="2" style="border-top:0.75pt solid #000000; border-right:1.5pt double #000000; padding-right:1.25pt; padding-left:2pt; vertical-align:top">Expenditure.</td><td colspan="2" style="border-top:0.75pt solid #000000; border-left:1.5pt double #000000; padding-right:2pt; padding-left:1.25pt; vertical-align:top">Income.</td></tr><tr style="height:1pt"><td style="width:40.6%; padding-right:2pt; padding-left:2pt; vertical-align:top"></td><td style="width:9.78%; border-right:1.5pt double #000000; padding-right:1.25pt; padding-left:2pt; vertical-align:top">£</td><td style="width:39.12%; border-left:1.5pt double #000000; padding-right:2pt; padding-left:1.25pt; vertical-align:top"></td><td style="width:10.5%; padding-right:2pt; padding-left:2pt; vertical-align:top">£</td></tr><tr style="height:1pt"><td style="width:40.6%; padding-right:2pt; padding-left:2pt; vertical-align:top">1. Interest on deposits or deposit stock.......2. Directors’ fees, salaries, wages and allowances3. Contributions to Staff Provident Funds and pensions paid by bank4. Maintenance and repairs to premises, and expenditure on furniture and fittings5. Rates of Local and Semi-Governmental Authorities6. Other expenses of management..........7. Land, pay-roll and other taxes allowable as deductions in ascertaining Commonwealth taxable income8. Bad debts and interest written off.........9. Depreciation......................10. Losses on realization of investments or other assets11. All other items....................12. Total Expenditure..................13. Australian Taxable Income for Commonwealth Purposes</td><td style="width:9.78%; border-right:1.5pt double #000000; border-bottom:0.75pt solid #000000; padding-right:1.25pt; padding-left:2pt; vertical-align:bottom">______________</td><td style="width:39.12%; border-left:1.5pt double #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.25pt; vertical-align:top">1. Discount and interest—(a) on advances and bills discounted.(b) on Australian Government securities (excluding Treasury Bills)(c) on Australian Treasury Bills....(d) on Special Account with Commonwealth Bank(e) other....................2. Profit on overseas exchange transactions.3. Inland exchange.................4. Net earnings from commission, and charges for keeping current accounts5. Bad debt recoveries...............6. Interest recoveries................7. Profits on realization or redemption of investments or other assets8. Rents........................9. All other items..................</td><td style="width:10.5%; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:2pt; vertical-align:bottom">_______</td></tr><tr style="height:1pt"><td style="width:40.6%; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:2pt; vertical-align:top">Total..............</td><td style="width:9.78%; border-top:0.75pt solid #000000; border-right:1.5pt double #000000; border-bottom:0.75pt solid #000000; padding-right:1.25pt; padding-left:2pt; vertical-align:top"></td><td style="width:39.12%; border-top:0.75pt solid #000000; border-left:1.5pt double #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.25pt; vertical-align:top">Total..............</td><td style="width:10.5%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:2pt; vertical-align:top"></td></tr></tbody></table> ``` form c—continued. Adjustments. | | £ | | £ | | ----------------------------------------------------------------------------------------------------------------------------------------------- | --- | -------------------------------------------------------------------------------------------------------------- | --- | | Items of expenditure not allowable for Commonwealth income tax purposes— | | Australian taxable income for Commonwealth purposes as above | | | .......................................... | | Items of income exempt from Commonwealth taxation— | | | Items of assessable income not taken to profit and loss account— | | ............................................................... | | | ............................................................... | | Items of expenditure allowable as deductions for taxation purposes but not charged to profit and loss account— | | | Total profit in respect of Australian business before deduction of Commonwealth income taxes and without allowance for depreciation of premises | | ............................................................... | | | Total........... | | Total........... | | 1. Copies of this statement shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within six months after the end of the year to which the statement relates. Form D. —— — Statement of Liabilities and Assets within Australia of the........................................................as at the close of business on.................................. Part I. | Liabilities. | | Assets. | | | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------- | | | £ | | £ | | 1. Interminable Deposits or Deposit Stock2. Deposits not bearing interest:—(a) Australian Governments;..(b) Other...............3. Deposits bearing interest:—(a) Australian Governments;..(b) Other—(i) Fixed............(ii) Current..........4. Notes in Circulation.........5. Balances due to other banks....6. Bills Payable and all other liabilities to the public (excluding shareholders’ funds) | _______ | 1. Coin and Bullion:—(a) Gold;...............(b) Other...............2. Australian Notes...........3. Cash with Commonwealth Bank.4. Special Account with Commonwealth Bank5. Balances with and due from other banks, and notes, cheques and bills of other banks6. Australian public securities:—(a) Commonwealth and States—(i) Treasury Bills*(ii) Other securities*(b) Local and Semi-Governmental Authorities*7. Other public securities*......8. Other securities............9. Loans, Advances and Bills discounted:—(a) Australian Government;..(b) All other customers.....10. Bank premises, furniture and sites11. Bills Receivable and all other assets | _______ | | Total........... | | Total........... | | \* Amounts redeemable overseas:— ......................... ......................... form d—continued. Part II. <table cellspacing="0" cellpadding="0" style="width:107.7%; margin-bottom:0pt; border-collapse:collapse"><tbody><tr style="height:1pt"><td rowspan="3" style="width:18.34%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:middle">State or Territory.</td><td colspan="2" style="border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Deposits not bearing interest.</td><td colspan="3" style="border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Deposits bearing interest.</td><td rowspan="3" style="width:10.14%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Total Deposits.</td><td colspan="2" style="border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle">Loans, Advances and Bills discounted.</td></tr><tr style="height:1pt"><td rowspan="2" style="width:13.82%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Australian Governments.</td><td rowspan="2" style="width:7.36%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Other.</td><td rowspan="2" style="width:13.74%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Australian Governments.</td><td colspan="2" style="border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Other.</td><td rowspan="2" style="width:13.74%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Australian Governments.</td><td rowspan="2" style="width:7.24%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle">Other.</td></tr><tr style="height:1pt"><td style="width:8.26%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Current.</td><td style="width:7.36%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Fixed.</td></tr><tr style="height:1pt"><td style="width:18.34%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:middle"></td><td style="width:13.82%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:7.36%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:13.74%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:8.26%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:7.36%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:10.14%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:13.74%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">£</td><td style="width:7.24%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle">£</td></tr><tr style="height:7.5pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">New South Wales</td><td rowspan="10" style="width:13.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:7.36%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:13.74%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:8.26%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:7.36%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:10.14%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:13.74%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:7.24%; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top"></td></tr><tr style="height:7.5pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Victoria.......</td></tr><tr style="height:1pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Queensland....</td></tr><tr style="height:1pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">South Australia..</td></tr><tr style="height:7.5pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Western Australia</td></tr><tr style="height:7.5pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Tasmania......</td></tr><tr style="height:1pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Australian Capital Territory</td></tr><tr style="height:11.3pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Northern Territory</td></tr><tr style="height:11.25pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Papua and New Guinea</td></tr><tr style="height:1pt"><td style="width:18.34%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Other........</td></tr><tr style="height:1pt"><td style="width:18.34%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Total......</td><td style="width:13.82%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:7.36%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:13.74%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:8.26%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:7.36%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:10.14%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:13.74%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:7.24%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top"></td></tr></tbody></table> ``` 2. Copies of this statement shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within fourteen days after the date as at which it is prepared. 3. Any accounts between the head office of the bank and a branch, or between different branches of the bank, shall not be included as liabilities or assets. 4. Contingent liabilities and assets shall not be included. Form E. — — Statement of Debits to Customers’ Accounts within Australia by the................................................during the week ended..................................... <table cellspacing="0" cellpadding="0" style="width:100%; margin-bottom:0pt; border-collapse:collapse"><tbody><tr style="height:1pt"><td rowspan="2" style="width:43.92%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:middle">State or Territory.</td><td colspan="2" style="border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Metropolitan Area.*</td><td rowspan="2" style="width:15.88%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Elsewhere.</td><td rowspan="2" style="width:11.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle">Total.</td></tr><tr style="height:1pt"><td style="width:15.7%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Australian Governments.†</td><td style="width:13.44%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle">Other.</td></tr><tr style="height:1pt"><td style="width:43.92%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"></td><td style="width:15.7%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top">£</td><td style="width:13.44%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top">£</td><td style="width:15.88%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top">£</td><td style="width:11.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top">£</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">New South Wales................</td><td rowspan="10" style="width:15.7%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:13.44%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:15.88%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td rowspan="10" style="width:11.06%; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top"></td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Victoria.......................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Queensland....................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">South Australia..................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Western Australia................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Tasmania......................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Australian Capital Territory.........</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Northern Territory................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Papua and New Guinea............</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Other........................</td></tr><tr style="height:1pt"><td style="width:43.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top">Total..............</td><td style="width:15.7%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:13.44%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:15.88%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"></td><td style="width:11.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top"></td></tr></tbody></table> ``` \* The “free of exchange” area in capital cities. † At the bank’s city branches only. 2. Copies of this statement shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within fourteen days after the date as at which it is prepared. Form F. —— — Statement of Foreign Currency Position of the..............................as at the close of business on................. | | £ Eng. | | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------ | | 1. London as per London Office Books, excluding Surplus or Deficiency on New Zealand and Fiji Account | | | | £ Eng. | | 2. Excess of as per Australian books................................. | | | | £ Eng. | | 3. Balances (as per Australian books)—(a) in New Zealand.........................................(b) in Fiji................................................(c) in United States of America.................................(d) in other overseas centres................................... | | | Total overseas funds held on Australian account other than in London.... | | 2. Copies of this statement shall be delivered to the Commonwealth Statistician and to the Commonwealth Bank within fourteen days after the date as at which it is prepared. 3. The amounts shown in item 3 shall be converted to English currency at the ruling telegraphic transfer buying rate of exchange.