767. General duties.

(iii)     Finance

767.     General duties.

The Civil Aviation Authority ('CAA') must conduct its affairs so as to secure that its revenue is sufficient to meet charges properly chargeable to revenue account1. It must also act on lines settled with the approval of the Secretary of State2 and secure that any of its subsidiaries acts on those lines when framing and carrying out proposals involving it in substantial outlay on capital account3.