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4.—(1) The Authority may—
(a)retain any land acquired by it for such time as it thinks fit; and
(b)dispose of any land acquired by it which is no longer required for the purposes of its functions in such manner and for such consideration and on such terms and conditions as it thinks fit.
(2) The powers of the Authority under sub-paragraph (1)(b) shall be exercisable in accordance with arrangements made by the Department.
(3) The Authority may for the purposes of the harbour undertaking manage, use or develop land belonging to it as it thinks fit.
(4) Any capital money received by the Authority in respect of any transaction under this Article shall be applied in or towards the repayment of monies borrowed by the Authority or for other purposes of the Authority for which capital money may properly be applied.
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