| |
PART IV
Financial Provisions.
|
|
|
Application of revenue.
|
45.—The Harbour revenue shall be applied by the Board for the following purposes and in the order following and not otherwise:—
|
|
| |
(1) In payment of the working and establishment expenses of the Board and of the expenses properly chargeable to revenue of the maintenance, cleaning, repair, improvement and management of the Harbour and all things connected therewith;
|
|
| |
(2) in payment of the expenses properly chargeable to revenue of the provision, hire, repair, maintenance, use and working of a tender or tenders and a dredger or dredgers and lifeboat (if any) and other requisite vessels, machines and conveniences;
|
|
| |
(3) in payment of the half-yearly payments to be made to the Commissioners of Public Works in Ireland under this part of this Act;
|
|
| |
(4) in payment of the interest from time to time accruing due on any moneys borrowed in accordance with the provisions of this Act relating to borrowing; and
|
|
| |
(5) in providing the requisite instalments, appropriations or sinking fund payments in respect of moneys so borrowed.
|
|
| |
Any surplus, remaining after providing for the purposes aforesaid, shall be applied in such manner as the Board shall determine, but subject to the approval in writing of the Minister: Provided that it shall be lawful for the Board at the end of each year to carry forward such sum as may in the opinion of the Minister be reasonably necessary for meeting current expenses.
|
