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Acquisition of shares in Holding Company.
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2.—(1) It shall be lawful for the Minister—
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(a) to exchange any shares of the Original Company for the time being vested in him or his nominees for shares in the Holding Company, and
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(b) to acquire by subscription, purchase, capitalisation, issue or otherwise any share or shares in the Holding Company.
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(2) The Minister may hold for as long as he thinks fit the shares in the Holding Company for the time being vested in him or his nominees and may sell, exchange or dispose of, whether by redemption or otherwise, if he considers it appropriate to do so, all or any of such shares.
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(3) All sums from time to time required by the Minister for the acquisition by him of shares in the Holding Company shall be advanced out of the Central Fund or the growing produce thereof.
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(4) All dividends and other moneys received by the Minister in respect of shares in the Holding Company and all sums paid to him in consideration of the sale or disposal by the Minister of such shares shall be paid into or disposed of for the benefit of the Exchequer.
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(5) If the Minister disposes of any shares in the Holding Company, otherwise than by sale, then the proceeds of such disposition shall be held on trust for the benefit of the Exchequer until he realises the proceeds of his disposal and the proceeds so realised shall be paid into or disposed of for the benefit of the Exchequer.
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