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14. The Council must apply the harbours revenue in the manner following and not otherwise—
(a)first in payment of the working and establishment expenses and cost of maintenance of the harbours;
(b)secondly in payment of the interest on any moneys borrowed by the Council for the harbours under any statutory borrowing power;
(c)thirdly in payment of all other expenses properly chargeable to harbours revenue;
(d)fourthly to the general reserve fund established under article 17 (general reserve fund).
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