Of the surplus (if any) remaining at the end of a financial year of the Bank after provision has been made for—
| (a) | bad and doubtful debts; |
| (b) | depreciation in assets; |
| (c) | gratuities or other pension benefits for its officers and employees; |
| (d) | all such items as are usually provided for by bankers; and |
| (e) | the payment to the shareholders, out of net profits, of a dividend at the rate of ten per cent per annum on the paid-up share capital of the Bank, |
one tenth shall be allocated to the reserve fund of the Bank and nine-tenths shall be paid to the Government.
