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Gas Act 1972
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14Revenues of Corporation and subsidiaries to cover outgoings and allocations to reserves
It shall be the duty of the Corporation so to exercise and perform their functions (including those conferred or imposed on them by any enactment other than this Act), and so to exercise their control over their subsidiaries, as to secure that, taking one year with another, the combined revenues of the Corporation and their subsidiaries are not less than sufficient—
(a)to meet the total outgoings of the Corporation and their subsidiaries properly chargeable to revenue account, and
(b)to enable the Corporation and their subsidiaries to make such allocations to reserve as the Corporation consider adequate, and as may be necessary to comply with any directions given by the Secretary of State under section 15 below.
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