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Rights of Minister as holder of shares.
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3.—(1) The Minister may exercise in respect of the shares of the Holding Company vested in or allotted to him all the rights and powers of a holder or allottee of such shares and, where a right or power is exercisable by attorney or proxy, exercise it by attorney or proxy appointed by him.
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(2) The Minister, or his nominees, at the direction of the Minister, may renounce the right to any shares in the Holding Company and any sums paid to the Minister or his nominees in consideration of such renunciation shall be treated for the purposes of this Act in the same manner as sums paid to the Minister or his nominees in consideration of the sale of shares.
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