Section three of the same Act is hereby amended to read as follows: "SEC. 3. Capital Stock.
Section 3
SEC. 3. Section three of the same Act is hereby amended to read as follows: "SEC. 3. Capital Stock.—The capital stock of the Bank shall be two billion pesos divided into two million shares having a par value of one thousand pesos each. The said capital stock shall be fully subscribed by the Government of the Republic of the Philippines. "At least fifty per centum (50 %) of the surplus account of the Bank as of June 30, 1952 and at least twenty per centum (20%) of the net profits that may hereafter be realized as well as profits that may be assigned as dividends 3 the shares of the Government shall be automatically applied to the payment of the subscribed capital stock of the Government until the said capital stock shall have been fully paid for, in which case the said profits shall be utilized for such purposes as may be authorized by the Board of Governors. "The provisions of Section three of Republic Act Numbered Seventeen hundred eighty-nine to the contrary notwithstanding, an amount equivalent to fifty per cent of the proceeds from the sale of reparations goods and services for fifteen years following the approval of this Act, is hereby appropriated to cover the payment of the unpaid subscription of the government to the capital stock of the Bank: Provided, That seventy-five million pesos of such amount shall be set aside as a trust fund for the purpose of aiding" the establishment of private provincial and city development banks as provided in this Act."