Not later than 2 months before the new constitution date the existing Trustees shall cause a notice to be displayed for a period of one month at the principal offices of the Arfon Borough Council, the Ynys Mo*n Borough Council, the Caernarfon Town Council and the Caernarfon Harbour Trust and advertisements to be placed in two local newspapers circulating within the districts of the said Borough Councils requesting nominations for appointment as nominated Trustees of people having commercial, financial or maritime experience.

Nominations may be made by persons having a substantial interest in the harbour or by bodies representative of persons having such an interest.

Not later than one week before the new constitution date the existing Trustees shall appoint three nominated Trustees from among those names submitted in accordance with paragraph (1) above to serve for a term of four years.

In appointing the nominated Trustees the existing Trustees shall endeavour so far as possible to secure the representation of a range of different interests.

On the expiry of the term for which they were appointed, nominated Trustees shall retire but shall be eligible for re-appointment.

Not earlier than six months but not later than three months before the term of office of a nominated Trustee shall expire the Trustees shall cause a notice to be displayed and advertised as provided in paragraph (1) above requesting nominations of people who would be suitable for appointment as nominated Trustees and from such nominations the Trustees shall appoint nominated Trustees for the term of four years.