General duties of Authority

(1) It shall be the duty of the Authority so to conduct the affairs of the Authority as to ensure that, so far as practicable, the annual revenues of the Authority are, taking one financial year with the other, sufficient to meet all charges properly chargeable to revenue and the establishment of reserves necessary for its operations. (2) The Authority shall furnish the Minister with such returns, statistics and other information with respect to the property and other activities of the Authority as the Minister may from time to time require, and shall afford to him facilities for verifying such information in such manner and at such times as he may reasonably require. (3) If any member of the Board or other person present at a meeting of the Board is directly or indirectly interested in any contract or proposed contract or other matter, he shall, at the meeting and as soon as is practicable after the commencement of the meeting, disclose the fact of his interest and shall not take part in the discussion, consideration or voting on such a contract or other matter. 12