Article 45 Application of revenueI1

All revenues received by the Commissioners shall be applied in the following order—

in payment of any expenses properly chargeable to revenue incurred by the Commissioners;

in payment year by year of the interest accruing on any moneys borrowed by the Commissioners; and

in making provision for the repayment of moneys borrowed by the Commissioners.

 The Commissioners may apply any part of the revenues not used for the purposes set out in sub-paragraphs (1)(a) to (c) to any reserve fund established or maintained under article 42 (reserve fund).