Ministry of Finance Incorporated Act

Arrangement of Sections

1. Short title

3. In this Act, unless the context otherwise requires-

4. Powers of the corporation generally

5. Powers of the corporation in respect of investments to secure money lent by Government

6. Execution of documents

7. Power of Min is ter to transfer property by order to public offices or authorit y

8. Validity of pre v ious instruments, etc.

An Act to make new provision for the corporation sole known as the Ministr y of Finance Incorporated , and for matters relating thereto.

[1959 No.7.]

[12th March , 1 959]

[Commencement.]

1. Short title

This Act may be cited as the Ministry of Finance Incorporated Act.

Interpretation

In this Act, unless the context otherwise requires-

“corporation “ means the Ministry of Finance Incorporated referred to in section 3 of this Act;

“Minister” means the Minister charged with responsibility for matters relating to finance;

“Permanent Secretary ” means the Permanent Secretary having supervision over the departments of government under the Minister;

“property “ includes all estates, interests, easements and rights, whether equitable or legal, in, to or out of property, and things in action.

In this Act, unless the context otherwise requires-

3. Ministry of Finance to be a corporation sole

4. Powers of the corporation generally

The corporation may enter into contracts and may acquire, purchase, take, hold and enjoy movable and immovable property of every description, and may convey, assign, surrender and yield up, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with, any movable or immovable property vested in the corporation upon such terms as the corporation seems fit.

5. Powers of the corporation in respect of investments to secure money lent by Government