Singapore legislation

Clause 5

of War Risks (Goods) Insurance (Winding Up) Ordinance

Clause 5

Disposal of assets

The balance of the Fund and all assets of the Fund deposited with and assigned to the Accountant-General in accordance with the provisions of section 4 of this Ordinance shall be held on behalf of the Yang di-Pertuan Negara and the Yang di-Pertuan Agong and shall, after payment of such expenses in connection with the administration or management of the Fund or of the assets of the Fund or with the carrying out of the provisions of this Ordinance as the Minister shall certify to have been properly incurred, be disposed of in such manner as the Yang di-Pertuan Negara and the Yang di-Pertuan Agong shall jointly by writing direct.

Clause 5 — War Risks (Goods) Insurance (Winding Up) Ordinance