Agricultural Finance Act Article 24

The Agricultural Bank of Taiwan shall, after covering its losses incurred in previous years, set aside forty percent (40%) of the surplus as the legal public reserve, and if it is necessary, further set aside special reserve. The balance, if any, shall be then distributed together with the reserved surplus of the previous years as follows:1. Dividends and bonus: eighty percent (80%).2. Mutual-supporting fund: five percent (5%).3. Expenses arising from assistance and extension implemented by the Farmer’s and Fishermen’s Association at all levels: ten percent (10%) for the Farmer’s Associations and three percent (3%) for the Fishermen’s Association.4. Reward for the employees: two percent (2%).The mutual-supporting fund stipulated in subparagraph 2 of the preceding paragraph shall be limited to the financial support that should be delivered to the ill-managed credit department; and the revenue and expenditure, custody of the fund and its application rules shall be set up by the Agricultural Bank of Taiwan and approved by the central authorities.In case that the legal public reserve stipulated in the first paragraph is less than the total capital amount, the surplus distributed in cash shall not exceed fifteen percent (15%) of the total capital.