Surpluses and deficits

(1) If in any year the revenue of the Savings Bank shall be insufficient to defray the interest due to depositors and all expenses under this Act, such deficiency shall be met out of the Consolidated Revenue Fund. (2) If in any year the revenue of the Savings Bank is more than sufficient to defray the interest due to depositors and all expenses under this Act, then the Minister may direct the transfer of the surplus or any portion thereof to the Consolidated Revenue Fund, Provided that no such transfer shall be made unless the assets of the Savings Bank will thereafter exceed the liabilities by not less than fifteen per centum of the liabilities to depositors. (3) If on 31st March in any year the assets of the Savings Bank exceed the liabilities by more than fifteen per centum of the liabilities to depositors, then the Minister, with the prior consent of the Cabinet, may direct that the surplus over fifteen per centum or any portion thereof shall be transferred to the Consolidated Revenue Fund.