Section 6
SEC. 6. The net profits of the Philippine National Bank shall be apportioned annually as follows: (1) Fifty per centum to surplus until the latter shall equal fifty per centum of the capital stock of the Bank, and thereafter twenty-five per centum of said net profits until such surplus shall equal the capital stock. (2) The rest of the net profits shall be set aside on the books of the Bank and shown as a liability for the repayment of the deposits written off as hereinbefore provided, until the total amount so written off shall have been fully restored or otherwise fully refunded. Any amount that may be realized from assets previously determined as losses shall be exclusively credited to the liability account provided in the preceding paragraph for the repayment of deposits written off by virtue of this Act, such repayment to be made under such terms and conditions as the Secretary of Finance may prescribe, upon the recommendation of the Bank Commissioner. When the requirements of the preceding paragraphs numbered (1) and (2) shall have been fully complied with, the provisions of section four of Act Numbered Thirty-one hundred seventy four of the Philippine Legislature with respect to disposition of net profits shall again be followed.