Section 34

As from 1st June 1968, such of the lands, buildings and other property, movable and immovable of the Economic Development Board constituted under the provisions of the Economic Development Board Act (Cap. 85), including all such assets, powers, rights, interests and privileges as well as such debts, liabilities and obligations in connection therewith or appertaining thereto as may be specified by the Minister by notification in the Gazette shall be deemed to have been transferred to and vested in the Corporation without further assurance.