96. Allocation of distributable earnings

Firstly - the Central Bank may establish special reserves for such purposes as the Governing Board may deem fit;

Secondly - an amount equivalent to hundred percent of distributable earnings remaining after allocation to special reserves pursuant to the previous provision shall be credited to the general reserve account until the sum of the paid-up capital and general reserve is at least six per centum of the total monetary liabilities of the Central Bank; and

Thirdly - any remaining distributable earnings after compliance with the preceding provisions shall, as determined by the Governing Board in consultation with the Minister, either be applied in liquidation of any outstanding Government obligations to the