Section 51

Any scheme, contract, document or arrangement constituted, prepared, made, granted or approved under the Post Office Savings Bank Act [1970 Ed., Cap. 198], repealed by this Act, shall, except where otherwise expressly provided in this Act or in any other written law, continue and be deemed to have been constituted, prepared, made, granted or approved, as the case may be, under this Act.

Any proceeding, matter or cause of action pending or existing immediately prior to the commencement of this Act by or against the Government in respect of any of the functions, assets, privileges, rights, obligations and liabilities transferred to, or vested in, the Bank under this Act, may be continued and enforced by or against the Bank in the name of the Government in accordance with the provisions of any written law and the practice and procedure in force relating to proceedings by or against the Government. [51