Paragraph 16

(1)

A Commissioner who—

(a)

has any interest, direct or indirect in any contract or proposed contract to which the Commissioners are or would be a party;

(b)

is a director of a company or body with which any such contract or proposed contract is made or proposed to be made; or

(c)

has any interest, direct or indirect, in any other matter with which the Commissioners are concerned,

must declare that interest.

(2)

A Commissioner who is present at a meeting of the Commissioners or of any committee of the Commissioners at which a contract or other matter in which that Commissioner has an interest is to be considered must—

(a)

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

(b)

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

(c)

withdraw from the meeting—

(i)

at any time if the other Commissioners present so require by resolution; and

(ii)

in any event while a decision on that contract or matter is being made.

(3)

This paragraph does not apply to any interest—

(a)

which a Commissioner has in respect of the payment to the Commissioners 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 Commissioner has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless that Commissioner possesses more than five per cent of the issued share capital of that company; or

(d)

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