Application of revenue of Authority

The revenue of the Authority in any financial year shall be applied in payment of the following charges, (a) the interest and sinking fund contribution on any loan payable by the Authority; (b) the sums required to be paid to the Government towards the repayment of any loans made by the Government to the 23 (c) the salaries, remuneration, allowances, pensions, gratuities, provident fund and other superannuation benefits of the officers and servants, employed in or in connection with the activities carried on by the Authority; (d) the working and establishment expenses of, and the expenditure on, or provision for the maintenance of the property and installations of, the Authority, and the discharge of the of the properly chargeable to revenue accounts; (e) such sums as the Authority may consider appropriate to set aside in respect of obsolescence and depreciation or renewal of the property or installations of the Authority, having regard to the amounts set aside out of revenue under paragraphs (a) and (b) of this subsection; (f) the cost, or any portion thereof, of any new works, plant or appliances not being a renewal of property of the Authority which the Authority may determine to charge to (g) sums to be appropriated to the Reserve Fund; (h) any other expenditure authorized by the and properly chargeable to