Section 50
Commission to provide for fulfilment of liabilities
of Penang Port Commission Act 1955
ActIn forceProvision 58 of 153
Section 50
(1)
The Commission shall make, so far as in its power lies and taking one year with another, ample provision either by retrenchment of expenditure or by increase of rates, for the due fulfilment of all its liabilities and for the efficient administration of the undertaking vested in it under this Act.
(2)
In the event of any deficiency being at any time anticipated in the income of the Commission, it shall forthwith take such steps as seem most expedient for preventing the deficiency.