Singapore legislation
Section 27
Section 27
Compensation for transferred undertaking
As soon as practicable after 1st October 1982, the Corporation shall create and, by way of compensation for the transferred undertaking, issue to the Minister for Finance, a body corporate incorporated under the Minister for Finance (Incorporation) Act [Cap. 183], to hold for the purposes of the Government ordinary stock of a total nominal value to be agreed upon by and between the Minister for Finance and the Corporation.