50. The amendments made in the principal enactment by sections 40 and 41 of this Act shall be deemed, for all purposes, to have had effect from October 1, 1948? and accordingly-
| (a) the rules relating to the payment of bonuses to its manager, assistant manager, subordinate staff, and other officers and servants hereto-fore made by the board of directors of the Ceylon State Mortgage Bank shall be deemed to have been duly made under the principal enactment and to have been valid and effectual at all material times prior to the date of enactment of this Act; |
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| (b) all payments of bonuses to its manager, assistant manager, subordinate staff and other officers and servants heretofore made by or on behalf of the bank, prior to the date of enactment of this Act, shall be deemed to have been duly made under the powers conferred by the principal enactment; and |
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| (c) from the date of enactment of this Act, the said rules shall be in force as if they were rules duly made under the principal enactment, and may be amended, rescinded, added to or replaced by rules made under that enactment. |
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Sri Lanka Consolidated Acts