Section 8

Shares in the Corporation held by the Minister of Finance shall be held by the Minister of Finance as incorporated under the Minister of Finance (Incorporation) Act 1957 [Act 375].

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Public Trust Corporation

Notwithstanding any other written law or rule of law, it shall not be necessary to complete or register a transfer of shares of the kind referred to in subsection (2) consequent upon a change in the person holding the office of the Minister of Finance.

The Minister of Finance may exercise all the rights and powers attaching to the shares in the Corporation held by him.

The Minister of Finance may, at any time, by written notice to the Company Secretary of the Corporation, authorize, on such terms and conditions as are specified in the notice, any person as he thinks fit to act as his representative at any or all of the meetings of shareholders of the Corporation or of any class of shareholders, and any person so authorized shall be entitled to exercise the same powers, on behalf of the Minister of Finance, as the Minister of Finance could exercise if present in person at the meeting or meetings.

Minister of Finance to hold shares