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Transfer of property of Minister for Supplies.
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11.—(1) On the appointed day all land which immediately before the appointed day is vested in the Minister for Supplies shall, without any conveyance thereof, become and be by virtue of this section vested in the Minister for Industry and Commerce for all the estate, term and interest for which such land was immediately before the appointed day vested in the Minister for Supplies.
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(2) On the appointed day all property and assets (including choses-in-action but excluding land) which immediately before the appointed day are vested in the Minister for Supplies shall vest in the Minister for Industry and Commerce for all the interest for which such property and assets were immediately before the appointed day vested in the Minister for Supplies.
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(3) All moneys, stocks, shares and securities transferred to the Minister for Industry and Commerce by this section which on the appointed day are standing in the books of any corporation or company in the name of the Minister for Supplies shall, upon the request of the Minister for Industry and Commerce, be transferred into his name.
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(4) On and after the appointed day every bond, obligation, security or other chose-in-action made with the Minister for Supplies and the benefit of which is transferred by this section may be sued upon by the Minister for Industry and Commerce in his own name and it shall not be necessary for the Minister for Industry and Commerce to give notice to the person bound by such bond, obligation, security or chose-in-action of the transfer effected by this section.
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