Cap. 330 Art. 26Determination and allocation of profits.

(1) The Authority shall establish a Reserve Fund to which the surplus for the year established in the Audited Income

Statement shall be appropriated:

Provided that the said fund shall not at any time exceed the equivalent of the Operational Expenses registered in the preceding financial year as disclosed in the Audited Financial Statements.

(2) The surplus funds of the Authority for each financial year shall be determined after the Authority meets all current expenditure for that year and after making such provisions, including provisions for contingencies, as it deems fit, and the appropriation referred to in sub-article (1).

(3) After the allocations referred to in sub-articles (1) and (2) have been made, the remainder of the surplus funds shall be paid to the Government.