Section 16

Upon the sale or transfer of the whole or any part of the land of any Participant, such Participant shall forthwith notify the Administrators in writing of the sale of the whole or such portion of his land giving in such notice such

For Reference Only

Subsidiary Legislation 2 of 4

Rubber Replanting Account A Schemes particulars of the land as the Administrators may require and the name and address of the purchaser thereof and such

Participant may apply in writing to the Administrators for the transfer of the whole or part of the sum standing to his credit to the credit of another Participant or any person subsequently admitted as a Participant and the Administrators may, in their discretion, and if satisfied that such transfer is desirable in order to carry out the objects of the Ordinance make such transfer to such Participant or to such other person on his being admitted as a Participant, as the case may be. In case of the transfer of only of the part of the land any sum or balance not transferred as aforesaid shall continue to be held by the Administrators on the account for the credit of such first mentioned Participant.