The Portsmouth International Port and Camber Harbour Revision Order 2025
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Change 1
7 Application of finances
The Council must apply the port revenue in the following way— (a) firstly, in payment of the working and establishment expenses and cost of maintenance of the port; (b) secondly, in payment of the interest on any moneys borrowed by the Council for the port under any statutory borrowing power; (c) thirdly, in payment of all other expenses properly chargeable to port revenue; (d) fourthly, to any reserve fund maintained under article 8 (reserve fund); (e) fifthly, any surplus revenue, not required for the above purposes may be transferred to the Council’s general fund and used for purposes not related to the port undertaking.
7 Application of finances
The Council must apply the port revenue in the following way— (a) firstly, in payment of the working and establishment expenses and cost of maintenance of the port; (b) secondly, in payment of the interest on any moneys borrowed by the Council for the port under any statutory borrowing power; (c) thirdly, in payment of all other expenses properly chargeable to port revenue; (d) fourthly, to any reserve fund maintained under article 8 (reserve fund); (e) fifthly, any surplus revenue, not required for the above purposes may be transferred to the Council’s general fund and used for purposes not related to the port undertaking.
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