Section 44: General reserve

(1) Without prejudice to the power of the Corporation to set aside from revenue, appropriate amounts for replacements, contingencies or other purposes, the Corporation shall establish and maintain a general reserve.
(2) The management of the general reserve, the sums to be carried, from time to time, to the credit thereof, the charges to be made against the general reserve and any other application of the moneys comprised therein, shall be as the Corporation may determine:
Provided that no part of the moneys comprised in the general reserve, shall be applied otherwise than for the purposes of the Corporation.
(3) It is hereby declared that one of the purposes of the general reserve is the prevention of frequent fluctuations in the charges made by the Corporation and the powers of the Corporation in relation to the general reserve shall be exercised accordingly.