26.
| (1) The Tea Propaganda Board Ordinance is hereby repealed. |
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| (2) All property, movable or immovable, and all rights in property belonging to the Ceylon Tea Propaganda Board, on the day immediately preceding the appointed date, shall vest in and be the property and rights of the Board on that date. |
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| (3) All rights and obligations of the Ceylon Tea Propaganda Board under contracts legally entered into by the Board which are in existence, on the day immediately preceding the appointed date, shall be deemed to be the rights and obligations of the Board on that date. |
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| (4) Every officer or servant holding an appointment under the Ceylon Tea Propaganda Board immediately before the appointed date shall, on that date, be transferred to the employ of the Board. |
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| (5) An officer transferred under the provisions of subsection (4) shall be employed by the Board on terms and conditions which are not, on the whole, less favourable than those he had enjoyed in the service of the Ceylon Tea Propaganda Board immediately before the appointed date. |
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| (6) All assets and liabilities of the Ceylon Tea Propaganda Board at values appearing in the books of accounts of that Board as on the appointed date shall be the assets and liabilities of the Board. |
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Sri Lanka Consolidated Acts