—(1) The revenue of the Authority for any financial year shall be applied in defraying the following charges:
the remuneration, fees and allowances of the members of the Authority;
the salaries, fees, remuneration, pensions, superannuation allowances and gratuities of the officers, agents, employees, advisers and former employees of the Authority or its predecessors;
working and establishment expenses and expenditure on, or provision for, the maintenance of any of the property of the Authority, and the discharge of the functions of the Authority properly chargeable to revenue account;
interest on any debentures issued, and on any loan raised, by the Authority;
sums required to be paid to the Government towards repayment of any loan made by the Government to the Authority;
sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of debentures or the repayment of other borrowed money;
the cost, or any portion thereof, of any new works, plant, vessels or appliances not being a renewal of the property of the Authority, which the Authority may determine to charge to revenue;
such sums by way of contribution, for the purposes associated with the objects of this Act as the Authority may determine, to the public or for charities; and
any other expenditure authorised by the Authority and properly chargeable to revenue account.
(2) The balance of the revenue of the Authority shall be applied —
to the creation of a general reserve and such other reserves as the Authority may think fit; and
to the payment of such dividends on shares issued by the Authority as the Authority may, after consultation with the Minister for Finance, see fit to declare.