17.—(1) The revenue of the Corporation for any financial year shall be applied in defraying the following charges:
(a)
the remuneration, fees and allowances of the members of the Corporation;
(b)
the salaries, fees, remuneration, pensions, superannuation allowances and gratuities of the officers, agents, employees and advisers of the Corporation;
(c)
working and establishment expenses and expenditure on, or provision for, the maintenance of any of the property of the Corporation, and the discharge of the functions of the Corporation properly chargeable to revenue account;
(d)
interest on any debentures and debenture stock issued, and on any loan raised, by the Corporation;
(e)
sums required to be paid to the Government towards repayment of any loan made by the Government to the Corporation;
(f)
sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of debentures or debenture stock or the repayment of other borrowed money;
(g)
such sums as may be deemed appropriate to set aside in respect of depreciation or renewal of the property of the Corporation, having regard to the amount set aside out of revenue under paragraphs (c) and (f);
(h)
the cost, or any portion thereof, of any new works, plant, vessels or appliances not being a renewal of the property of the Corporation, which the Corporation may determine to charge to revenue;
(i)
such sums by way of contribution to the public or charities associated with the objects of this Act as the Corporation may determine; and
(j)
any other expenditure authorised by the Corporation and properly chargeable to revenue account.
(2) The balance of the revenue of the Corporation shall be applied —
(a)
to the creation of a general reserve and such other reserves as the Corporation may think fit; and
(b)
to the payment of such dividends on shares and stocks issued by the Corporation as the Corporation may, after consultation with the Minister for Finance, see fit to declare.