Paragraph 15

(1)

If a member has any interest, direct or indirect—

(a)

in any contract or proposed contract to which the Authority 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 Authority are concerned,

he shall declare that interest.

(2)

If a member is present at a meeting of the Authority or of any committee of the Authority 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 disclose his 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 members present by resolution require him so to do; and

(ii)

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

(3)

This paragraph shall not apply to any interest—

(a)

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

(b)

which arises in respect of the provision of harbour services or facilities affecting the trading and leisure communities 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.