Section 46Sec./Art. 46

Section 132 of the same Act is hereby amended to read as follows:

"Sec. 132. Transfer of Assets and Liabilities. - x x x.

"x x x.

"(b) the Bangko Sentral shall remit seventy-five percent (75%) of its net profits as computed in this Act to a special deposit account (sinking fund) or to the National Treasury as dividends, until such time as the net liabilities of the Central Bank shall have been liquidated through generally accepted finance mechanisms such as, but not limited to, write-offs, set-offs, condonation, collections, reappraisal, revaluation and bond issuance by the National Government. Thereafter, it shall remit fifty percent (50%) of its said net profits to the National Treasury;