Section 38: The Company shall direct its rating policy towards ensuring that—

(a) water rates are levied generally in respect of premises and the assessed value thereof as and when practicable; 18 No. 6 The Sierra Leone Water Company Act 2001 (b) water is supplied to commercial concerns and such institutions as schools and hospitals by meter; (c) rates charged for water supplied to industrial and commercial concerns are higher than those charged for domestic supply in the same locality but such rates shall not be so high as to discourage the continuance of existing industrial and commercial concerns or the establishment of new ones in that area; (d) institutions such as schools and hospitals are charged special rates which shall not be higher than those charged for domestic supply in the same locality; (e) a percentage of profits realised annually from its operations is reinvested in the Company's business with a view to reducing and hammonizing water rates and charges. [Margin: Directives principles not justiciable.]