Singapore legislation
Clause 28
Clause 28
General duties and powers of the Board in financial matters
(1)
(a)
The external telecommunication undertakings of the Government and of the Company shall be transferred to the Board at values to be agreed upon by the Government and by the Company at the time of such transfer and such values shall be in the same proportion as the ownership of the undertaking of the Board is provided for under the provisions of subsection (3) of section 3 of this Ordinance.