Section 14
SEC. 14. Section twenty-five of Republic Act Numbered Thirteen hundred, as amended, is further amended to read as follows: "NET PROFITS" "SEC. 25. Allocation of Net Profit. — At the close of each calendar year, the Bank shall determine the net result of its operations, in the Calculation of which, adequate allowances shall be made for probable losses. From the net profit arrived thereat seventy-five (75%) per cent thereof shall be set aside for declaration of dividends corresponding to the Government and the private stockholders and the remaining twenty-five (25%) per cent shall be accumulated in the surplus account which shall be utilized for such purposes as may be authorized by the Board of Directors."