16.—(1) If a Commissioner has any interest, direct or indirect—
(a)in any contract or proposed contract to which the Commissioners are 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 which the Commissioners are concerned,
he shall declare that interest.
(2) If a Commissioner is present at a meeting of the Commissioners or of any committee of the Commissioners at which a contract or other matter in which he has an interest is to be considered he shall—
(a)as soon as is practicable after the commencement of that meeting disclose his 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 Commissioners present by resolution require him 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 Commissioner has in respect of the payment to the Commissioners of harbour dues;
(b)which arises in respect of the provision of harbour services or facilities affecting the public in general;
(c)which a Commissioner has as an employee of a public utility undertaking or as a shareholder, not being a director of a company, unless he possesses more than 5 per cent of the issued share capital of that company; or
(d)which the Commissioners present at the meeting by resolution declare to be too remote.