25.
| (1) The Board of Directors -
| | (a) may establish and maintain an insurance reserve to cover the insurance of the movable and immovable property of the Corporation and liabilities arising under the Workmen's Compensation Ordinance; | | |
| | (b) shall establish and maintain-
| | | (i) a depreciation reserve to cover the depreciation of the movable and immovable property of the Corporation; and |
| (ii) a general reserve for the purpose of financing capital works from revenue moneys, ensuring the financial stability of the Corporation, and for such other purposes as the Board of Directors may from time to time determine. |
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| (2) The sums to be carried from time to time, to the credit of each of the reserves specified in sub-section (1) shall be such sums as may be determined by the Board of Directors. |
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| (3) The moneys comprised in the reserves referred to in sub-section (1) may be applied in such manner as the Board of Directors may determine. |
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Sri Lanka Consolidated Acts