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Reserve Bank Board



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NO. 142

TREASURER

EMBARGO

PRESS RELEASE

STATEMENT BY THE ACTING TREASURER, SENATOR THE HON DAME

MARGARET GUILFOYLE, DBE

RESERVE BANK BOARD

His Excellency the Administrator in Council has appointed the

Hon Sir Robert Cotton, KCMG to succeed Sir Donald Hibberd, OBE as a

member of the Reserve Bank Board.

Sir Donald Hibberd*s term of office is due to expire on 21 August 198.1.

Since his first appointment in August 1966, Sir Donald has made a

valuable contribution to the Board’s deliberations. The Government

appreciates his long and distinguished service in this capacity.

Sir Robert Cotton has recently completed a three year posting as

Consul-General of Australia in New York. Prior to that appointment he

served as the Minister for Industry and Commerce from 1975 to 1977 and

Deputy Leader of the Government in the Senate from 1976 to 1978.

CANBERRA ACT 31 JULY 1981