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(1)The traffic commissioner for the Metropolitan Traffic Area shall be appointed by the Minister and shall hold office during Her Majesty's pleasure.
(2)Where the Minister proposes to appoint a person to be the traffic commissioner for the Metropolitan Traffic Area he shall, before making the appointment, require the person whom he proposes to appoint to declare if he has any, and if so what, financial interest in any transport undertaking which carries passengers.
(3)The traffic commissioner for the Metropolitan Traffic Area shall vacate his office on attaining the age of seventy years.
(4)The Minister may remove the traffic commissioner for the Metropolitan Traffic Area from his office for inability or misbehaviour.
(5)If the traffic commissioner for the Metropolitan Traffic Area acquires a financial interest in a transport undertaking which carries passengers he shall, within four weeks after so doing, give notice thereof in writing to the Minister specifying the interest so acquired and the Minister, after taking the matter into consideration, may if he thinks fit declare that the commissioner has vacated his office.
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