Harbours Act, 1996
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General duties of a company. |
12.—(1) It shall be the general duty of a company— | |
(a) to conduct its affairs so as to ensure that the revenues of the company are not less than sufficient taking one year with another to— | ||
(i) meet all charges which are properly chargeable to its revenue account, | ||
(ii) generate a reasonable proportion of the capital it requires, and | ||
(iii) remunerate its capital and pay interest on and repay its borrowings, | ||
(b) to conduct its business at all times in a cost effective and efficient manner, | ||
(c) to regulate operations within its harbour, | ||
(d) to have due regard to the consequences of its activities on the environment, the heritage (whether natural or man-made) relating to its harbour and the amenities generally in the vicinity of its harbour. | ||
(2) Nothing in section 11 or this section shall be construed as imposing on a company, either directly or indirectly, any form of duty or liability enforceable by proceedings before any court to which it would not otherwise be subject. |