The Board may, out of the said balance in respect of any financial year, make such, if any, provision as is hereinafter authorised in respect of reserves, depreciation, and other like matters, that is to say: -

(a) the Board may out of the said balance transfer to the Currency Reserve and the General Reserve such sums, if any, as it may think fit but not exceeding in the aggregate twenty per cent. of the said balance, and

(b) the Board may out of the said balance transfer to a Superannuation Reserve such sum as it may think fit not exceeding fifteen per cent. of the expenditure incurred by the Bank in the financial year to which the said balance relates for remuneration and salaries and wages of and allowances to the Governor and every Director who devotes the whole of his time to his duties as such Director and the Bank's officers and servants, and

(c) the Board may out of the said balance transfer to such Depreciation Accounts as it shall think fit to maintain such sums as are, in the opinion of the Board, required to provide for any decrease in value from any cause of any of the Bank's assets other than the capital of the legal tender note fund.