RESERVE BANK OF AUSTRALIA
24 p.c. Rise In Profit .
(N J(.P.A.-Re«ter— Copyright) MELBOURNE. Sept 19 Net profit of the Reserve Bank of Australia rose 24 per cent, or £3,900,000. from £16.219,080 to £20.069,308 in the year to June 30 last Profit was made up of £12,930.386 from the note issue department (previous £10,510,002), £6.704,788 from central banking business (£5380,970) and £434.134 from the rural credits department (£32,108). Out of the net profits was paid to the Commonwealth of Australia. £3,569,461 to the reserve funds of the bank, and £217.067 to the rural credits development fund.
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Press, Volume C, Issue 29623, 20 September 1961, Page 19
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95RESERVE BANK OF AUSTRALIA Press, Volume C, Issue 29623, 20 September 1961, Page 19
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