Vesting of timber in the State

(a) any t x t i n g d d l ~ 04 right, cessation of !ease, contract or swhority or vecting of my timber in tb %ate or declaration of any timber as the the St*, under any'law, rule or order or a under any agreement, contract or instrument prior to the commencement of this Aat, shall be and shall be deemed always to have been validity made oh done and all acts done, proceedings taken or orders issued for purposes of or in relation to any such extinguishment of rights, cessition of leases, vesting of timber in the State or dtchration of timber as the property of the State, shall be and shall always be deemed to be good and valid in law ; and (b) any timber already vested in the Statc or declared to be the property of the State under or by virtue of any law, rule, order, lease, agreement or contract at any timber prior to the commencement of this Act shall be disposed of by the Government in such manner as it may driect.