Central Bank of Ireland (Surplus Income) Regulations, 1943

• Jurisdiction: Ireland
• Citation: IR SI 93/1943
• Year: 1943

STATUTORY RULES AND ORDERS. 1943. No. 93.

CENTRAL BANK OF IRELAND (SURPLUS INCOME) REGULATIONS, 1943.

WHEREAS it is enacted by subsection (5) of section 63 of the Currency Act, 1927 (No. 32 of 1927), as adapted by section 11 of the Central Bank Act, 1942 (No. 22 of 1942), that the Minister for Finance may, after consultation with the Board of Directors of the Central Bank of Ireland, make regulations providing for the determination periodically of the surplus income of the said Bank and may by such regulations enable provision to be made for reserves, depreciation, and other like matters before determination of the surplus income:

AND WHEREAS the Minister for Finance has, before making these Regulations, consulted with the said Board of Directors :

NOW, the Minister for Finance, in exercise of the powers conferred on him by subsection (5) of section 63 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 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 Central Bank of Ireland (Surplus Income) Regulations, 1943. 2. The Interpretation Act, 1937 (No. 38 of 1937), applies to these Regulations. 3. In these Regulations—

the expression "the Bank" means the Central Bank of Ireland :

the expression "the Board" means the Board of Directors of the Bank :

the expression "the said balance" means the sum (if any) shown by the audited statement of accounts of the Bank prepared 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), for any financial year to be transferred from the Profit and Loss Account of the General Fund for that year to the credit of the Profit and Loss Appropriation Account of the General Fund for that year. 4. The surplus income of the Bank in respect of any financial year shall be so much of the said balance in respect of that yearas shall remain after making thereout provision where necessary for or towards extinguishing any debit balance brought forward in the Profit and Loss Appropriation Account from any previous financial year and making thereout such, if any, provision as the Board may think fit to make under these Regulations for reserves, depreciation and other like matters. 5. The Board may, out of the said balance in respect of any financial year, make such, if...