130. Application of distributable earnings to restore the capital

Notwithstanding the provisions of sections 96 and 97, if from the appointed date the latest audited financial statements of the Central Bank prior to the appointed date reflect that the values of its assets are below the sum of its monetary liabilities and paid-up capital, and in accordance with the Government’s financial position, it is unable to transfer to the Central Bank the necessary amount in currency or in negotiable debt instruments pursuant to section 97, the

Central Bank shall not be required to pay and credit any remaining distributable earnings pursuant to paragraph (c)

of subsection (1) of section 96 to the Consolidated Fund, but such distributable earnings shall instead be applied to restore its capital to an unimpaired level:

Provided however, if the capital of the Central Bank is or continues to be impaired after a period of six years from the appointed date, the provisions of section 97 shall be applicable.