Article 5 Specification of revaluation reserve

The amount standing to the credit of any revaluation reserve within the meaning of the Accounts Regulations in the latest balance sheet of a society (or the amount of any such reserve in the accounting records of the society for the time being, if less) is specified as the revaluation reserve of that society to be aggregated with its reserves for the purpose of the first criterion in section 45(3) of the Act, to the extent set out in Article 7 below.