Provident fhwid and other jund'i.

(1) Where the ownJof'the sick textile undertaking has, established a provident fund, superannuation, welfare- Or other fund for- the benefit of the persons employed in'such sick te*tt:1e undertaking, the money relatable to-the imployees, whose serviceshave - become transferred by-or--under this 'Act to the State Textile Cqrporation shall, ñt of the money standing, on tj2e appointed day, to the credi(f such piwident fund, superannuation, welfare or -other fund, stand trangferred.to, and shall vest in the SttC Textile corporation.

(2) Te money which stand transferred under sub-ecfion. (TY to the - State Textile Corporation hall be dealt with by that Corporation in swth manner as may be' prescribed.