Penang Port Commission Act 1955 · Updated to 1 Jan 2006 · Part VIII
104. Financial adjustment on transfer of Prai Wharf undertaking
Feedback & supportThere shall be paid by the Commission to the Administration or by the Administration to the Commission such sum by way of financial adjustment upon the transfer to the Commission of the
Commission
“Commission” means the Penang Port Commission established and incorporated under this Act;
Prai Wharf undertaking as may with the prior approval of the
Prai Wharf undertaking
“Prai Wharf undertaking” means that part of the undertaking of the Malayan Railway Administration carried on immediately before the appointed day by the Ports Department of the said Administration at Prai Wharf and more particularly within the area shown edged in grey on Miscellaneous Plan No. 85 deposited in the office of the Director of Survey, Penang;
Minister be agreed between the Commission and the Administration or in default of agreement as shall be determined by the Minister.
Transfer of Officers and Servants