Penang Port Commission Act 1955 s 50

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s 50 Commission to provide for fulfilment of liabilities

(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.

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Find Act 140 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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