5. The following new section is hereby inserted immediately after section 6, and shall have effect as section 6a, of the principal enactment: -
| 6A.
| | (1) The Minister in charge of the subject of tolls may, from time to time, subject to the provisions of sub section (2), make Orders for the following purposes, that is to say-
| | | (a) for the purpose of transferring to the Ceylon Transport Board any ferry established under the Tolls Ordinance together with any movable property connected with or required for the purposes of such ferry; and |
| (b) for the purpose of transferring to the Ceylon Transport Board any contracts or liabilities of the Republic connected with such ferry. |
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| | (2) Every such Order shall be published in the Gazette and shall come into force on the date of its publication or on such later date as may be specified in the Order. | | |
| | (3) No movable property and no con tract or liability of the Republic shall be transferred to the Ceylon Transport Board under subsection (1) without the concurrence of the Minister in charge of the subject of Finance. | | |
| | (4) Upon the publication of an Order under subsection (1) in the Gazette-
| | | (a) the ferry and the movable property specified In the Order shall vest in the Ceylon Transport Board; |
| (b) the contracts specified in the Order shall be deemed to be contracts of the Ceylon Transport Board, and all subsisting rights and obligations of the Republic under such contract shall be deemed to be the rights and obligations of the Ceylon Trans port Board; and |
| (c) any liabilities specified in the Order shall be deemed to be the liabilities of the Ceylon Transport Board.". |
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Sri Lanka Consolidated Acts