Clause 3

Upon the coming into operation of this Act, all stocks, shares and bonds of industrial enterprises subscribed to or held by the Board under the powers conferred on it by paragraph (c) of subsection (1) of section 16 of the Ordinance including all powers, rights, interests and privileges as well as all debts, liabilities and obligations in connection therewith or appertaining thereto shall be assigned or transferred by the Board in accordance with the law to the Minister for Finance who may transfer any such stocks, shares or bonds to such bank as he may appoint.