Section 19

The several persons mentioned in the third column of the Second Schedule or the survivors or survivor of them or the personal representative or representatives of the last survivor of them, being the persons or person in whom are vested the respective estates and interests mentioned in the second column of the said Schedule in the lands, hereditaments and premises specified in the first column of the said Schedule, are hereby divested of such estates and interests, and such estates and interests are hereby vested in the Corporation as trustee for the members in Singapore of the Teochew Community of the said Eight Districts subject nevertheless to all conditions of tenure incident thereto and to any trusts affecting the same but with full power subject as aforesaid for the Corporation as such trustee to deal with the property so vested in accordance with the provisions of this Ordinance.

All moneys and movable property held by any person on behalf of the said Society and all moneys subscribed for the purposes of the Corporation and all property movable or immovable purchased or agreed to be purchased with such moneys shall be vested in the Corporation and the same and all subscriptions and donations to the Corporation shall be held by the Corporation in trust for the purposes in this Ordinance declared.

Within 3 months after 10 March 1933, the persons who prior to 10 March 1933, have been or have been acting as Trustees of the said Society, and who are not members of the Committee of Management referred to in section 8, shall deliver to the first members of the Committee of Management all deeds, documents of title, securities, moneys and other movable property of the said Society in their possession or under their control, and thereafter the Committee of Management shall be responsible therefor, and all debts due to the said Society on 10 March 1933, shall be payable to the Corporation, and the Committee of Management shall out of the funds of the Corporation pay all debts payable by the said Society.