Singapore legislation

Clause 5

of Economic Development Board (Transfer of Assets) Bill

Clause 5

Direction of Minister

In the event of any doubt or dispute as to whether any loans or advances, stocks, shares, bonds or debentures or moneys, securities or deposit should be transferred by the Board to the Minister for Finance under the provisions of this Act, or in any matter appertaining thereto, the Minister may give such directions as he thinks fit to the Board and the Board shall comply with such directions.