Paragraph 16

(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;

that Member 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 ore other matter in which that Member has an interest is to be considered that Member shall–

(a)

as soon as is practicable 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 Members present by resolution require that Member 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 that Member 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.