27.
| (1) The Tea Research Ordinance is hereby repealed. |
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| (2) All property, movable or immovable, and all rights in property belonging to the Tea Research 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 Tea Research Board under contracts legally entered into by that 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, servant or other person holding an appointment under the Tea Research 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 Tea Research Board immediately before the appointed date. |
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| (6) All assets and liabilities of the Tea Research Board at values appearing in the hooks 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