asked the Minister for Finance to state the outcome, if any, of the discussions which he stated on November 19th, 1930, were proceeding between the Currency Commission and the Banks concerning the regulations to be made prescribing the times and intervals at which and the form in which, shareholding Banks shall publish their annual balance sheets.
Ceisteanna—Questions. Oral Answers. - Banks' Annual Balance Sheets.
As a result of the discussions, to which the Deputy refers, between the Currency Commission and the Banks, it has been arranged that all Banks will in future issue their balance sheets on the 31st December in each year. It has also been arranged that the item for notes outstanding will be shown in a uniform manner on all balance sheets, so that an accurate comparison can be made between one Bank and another and between one period and another. In addition, the Banks have agreed to furnish the Currency Commission with statements segregating as between the Saorstát and elsewhere the deposits and the advances appearing in their accounts, and this information is published from time to time in the Irish Trade Journal. Further discussions are still taking place and, in view of this fact, I have refrained from issuing regulations under Section 44 of the Currency Act of 1927.