Amendment status not verified — confirm the current text below against the official source.
(1) As from the appointed day, in relation to any port,- assets and (a) all property, assets and funds and all rights to levy rates vested in the IIabilitiesacd Government fer the purpose5 of the pan immediately before such day, shall vest ~ ~ & ~ $ i in the Boaid ; (0 Hoard. (h) a11 debts, obligations and liabilities incurred, all contracts entered into, and all matters and things engaged to be done by, with or for the Government immediately before such day, for 01. in connection with the purposes of the port, shall be deemed to have been incurred, entered into and engaged, to be done by, vith, or for the Board ; i (c) all non-recurring expenditure incurred by the Government for or in connection with the purposes of the port upto such day and declared to be capital expenditure by the Government shall be treated as the capital provided by the Government to the Board ; (d) all rates, fees, rents and othersums of money due to the Government ir? relation to the port inlrnediately before such day, shall be deemed to be due to the Board ; (e) all suits and other legal proceedings instituted by or against the Govern- I ment immediately before such day for any matter in relation to the port, may,be contillued by or against the Board. 4 ransfer o f