Cap. 204 Art. 22Determination and allocation of profits.

(1) Subject to the following provisions of this article, the net profits of the Bank for each financial year shall be determined by the Bank after meeting all expenditure for that year and after making such provision as it thinks fit for bad and doubtful debts, depreciation in assets, contributions to staff and pension funds and all other reserves and contingencies.

(2) After such allocations as may be determined by the Bank under the provisions of sub-article (1) have been made, the remainder of the net profits established as aforesaid shall be paid to the Government.