Clause 3

There shall be established in accordance with the provisions of this Ordinance a body to be called the “Singapore Overseas Telecommunication Board” which shall operate the external telecommunication services of Singapore.

The Board shall be the “National Body” for the purpose of and as defined in the Commonwealth Telegraphs Agreement.

The undertaking of the Board shall for the purposes of this Ordinance be owned as to fifty-one per cent by the Government and as to forty-nine per cent by the Company.

The Board when established shall be a body corporate with perpetual succession and a common seal with power, subject to the provisions of this Ordinance, to acquire and dispose of property, both movable and immovable, and may sue and be sued in its corporate name and perform such other acts as bodies corporate may by law perform.