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Paragraph 18

Original text. Later amendments are not shown.

(1)

If a member has any interest, direct or indirect—

(a)

in any contract or proposed contract to which the Board are or would be a party or is a director of a company or body with which the contract or proposed contract is made or proposed to be made; or

(b)

in any other matter with which the Board are concerned,

he shall declare that interest.

(2)

If a member is present at a meeting of the Board or of any committee of the Board at which a contract or other matter in which he has an interest is to be considered he shall—

(a)

as soon as is practicable after the commencement of that meeting disclose his interest;

(b)

not vote on any question with respect to that contract or matter; and

(c)

withdraw from the meeting during the consideration and decision on the matter unless members present require him not to do so.

(3)

This paragraph shall not apply to any interest—

(a)

which a member has in respect of the payment to the Board of harbour dues;

(b)

which arises in respect of the provision of harbour services or facilities affecting the trading community in general;

(c)

which a member has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless he possesses more than five per cent of the issued share capital of that company; or

(d)

which the members present at the meeting by resolution declare to be too remote.