Singapore legislation
Clause 33
of Banking Bill
Clause 33
Definition of “published reserves”
For the purposes of sections 25, 27, 28 and 31 of this Act, the expression “published reserves” means reserves which appear in the accounts of the bank, and does not include any reserves which are represented by the writing down of the value of assets or by provision for the depreciation of fixed assets, or which are maintained for any specific purposes.