22.
| (1) The Bank shall establish a General Reserve. |
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| (2) The Bank shall credit to its General Reserve one- half of the two million rupees referred to in section 15 (1) (a) (ii). |
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| (3) The Bank shall establish a Special Reserve for bad and doubtful debts. |
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| (4) Where any sum out of the five hundred thousand rupees referred to in section 15 (1) (a) (i) is left after the preliminary expenses mentioned in that section are defrayed, the Bank shall credit that sum to its Special Reserve. |
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| (5) The Bank shall credit to its Special Reserve one- half of the two million rupees referred to in section 15 (1) (a) (ii). |
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Sri Lanka Consolidated Acts