8.—(1) A member of the Authority who is concerned, by himself or his partner or through any company of which he is a director or with the management of which he is associated in any similar capacity, in any contract or bargain entered into with the Authority, or who participates by himself or his partner or through such company in the profit of any such contract or bargain or in any work done in pursuance thereof, shall become permanently disqualified from membership of the Authority unless—
(a)before the contract or bargain is entered into he makes full disclosure of any such interest as aforesaid; and
(b)he abstains from voting upon any matter connected therewith.
(2) A general notice given to the Authority by a member to the effect that he is a member or associated with the management of a specified company or firm and is to be regarded as interested in any contract or bargain which may, after the date of the notice, be entered into with that company or firm shall be deemed to be a full disclosure within the meaning of this paragraph in relation to any contract or bargain so entered into.