Paragraph 18

(1)

If a member has any interest, direct or indirect–

(a)

in any contract or proposed contract to which the Authority is 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 is 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 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–

(i)

at any time if the Authority 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 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 of the Authority present at the meeting by resolution declare to be too remote.