Section 24

All property movable and immovable, which was, immediately before the commencement of this Act, vested in the Public Trustee incorporated by the Public Trustee Enactment of the Federated Malay States or in the Public Trustee incorporated by the Public Trustee Ordinance of the Straits Settlements in his capacity as Public Trustee in and for the Settlements of Penang and Malacca, is hereby vested in like manner as if vesting orders had been made for the purpose by the Court under the Trustee Act 1949, in the Public Trustee for the same estate and upon the same tenure and subject to the same trusts and conditions as and upon which the same was previously held by the aforesaid Public Trustees or either of them, and all rights vested in the aforesaid Public Trustees or either of them immediately before the commencement of this Act and all liabilities to which the said Public Trustees or either of them were subject immediately before the