996 LAWS OF MARYLAND. [CH. 501

(d) WICOMICO COUNTY. Provided, that in Wicomico County
the reports to the County Commissioners shall be prepared
for the semi-annual periods ending on February 1 and Sep-
tember 1.

148. PROFITS AND RESERVES, (a) Profits and re-
serves shall be accounted for as follows:

(b) HARFORD COUNTY. The Liquor Control Board shall keep
separate accounts of the operations conducted at each dis-
pensary which shall show the gross revenue of each dispensary
and also the net revenue derived therefrom. After setting
aside as each dispensary the necessary reserve for the proper
conduct thereof, the said Board shall, as often as it may deem
to the best interests of the County, Town and City, and at
least semi-annually make a distribution of the net proceeds
as follows: To the County Commissioners of Harford County,
fifty per cent, (50%) of the net proceeds derived from each of
said liquor dispensaries; to the towns of Aberdeen and Bel Air,
one-half of the net proceeds from the liquor dispensaries lo-
cated therein; and to the City of Havre de Grace, one-half of
the net proceeds from the liquor dispensary located therein;
to be used by said County, Town and City for debt service,
operating expenses or for whatever other purposes may be
deemed best. No advertising of said dispensaries, or of
liquors sold therein, shall be done by said Liquor Control
Board, in any manner in Harford County.

(c) KENT COUNTY. (1) All net profits arising from the
operation of said dispensaries and branch dispensaries, as
aforesaid, shall be first applied toward payment of any and
all sums, advanced to or borrowed by the Liquor Control
Board. After such sums; have been paid, the said Liquor
Control Board shall be authorized to create and maintain a
reserve fund not to exceed twenty thousand dollars ($20,-
000.00) including the total inventory of such stock and supplies
on hand, to provide adequate working capital and to meet
any losses that may be sustained by said Board in the opera-
tions of such dispensaries. Sixty-six and two-third per cent
(66 2/3%) of all net profits in excess of the above shall belong
to and be paid over to the County Commissioners of Kent
County on or before December 31 of each and every year,
the remaining thirty-three and one-third per cent (33 1/3%)
of all net profits shall on or before December 31 of each and
every year, be paid to the governing body of each of the
several incoporated towns of Kent County in which dispensa-
ries are located, pro rata, in the proportion that the profits
derived from the sale of alcoholic beverages in said incorpo-
rated towns bears to the total amount to be paid over to said
incorporated towns.