Section 40
Disposal of balances
of Penang Port Commission Act 1955
The Commission may apply the whole or any portion of any balance of revenue remaining after the close of each financial year to the credit of the general account, after meeting all the charges properly debitable to that account, to the creation of such reserves as the Commission may think fit.
(2)
Moneys which are not immediately required to be expended in the discharge of any of the functions of the Commission shall, if invested, be invested by the Commission in investments for the time being authorized by law for the investment of trust funds or in such other investment or security as may from time to time be approved by the Minister of Finance, or may be deposited in any financial institutions approved by the Minister.
Annual Estimates