16.—(1) If a Member has any interest, direct or indirect–
(a)in any contract or proposed contract to which the Authority is or would be a party or is a director of a company or body with which the contract or proposed contract is made or proposed to be made; or
(b)in any other matter with which the Authority is concerned;
that Member shall declare that interest.
(2) If a Member is present at a meeting of the Authority or of any committee of the Authority at which a contract ore other matter in which that Member has an interest is to be considered that Member shall–
(a)as soon as is practicable disclose that interest;
(b)not vote on any question with respect to that contract or matter; and
(c)withdraw from the meeting–
(i)at any time if the Members present by resolution require that Member so to do; and
(ii)while a decision on that contract or matter is being made.
(3) This paragraph shall not apply to any interest–
(a)which a Member has in respect of the payment to the Authority of standard harbour dues;
(b)which arises in respect of the provision of harbour services or facilities affecting the trading and leisure communities in general;
(c)which a Member has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless that Member possesses more than five per cent of the issued share capital of that company; or
(d)which the Members present at the meeting by resolution declare to be too remote.