Dussolution of Board and transfer of its assets and labilities to the |

Government and the Corporation —(1) When all schemes sanctioned under this Act have been executed or have been so far executed as to render | the continued existence of the Board in the opinion of the Government ! unnecessary, the Government may, by notification, declare that the Board shall be dissolved on such date as may be specified in such noti- fication ; and the Board shall be deemed to be dissolved accordingly. i

1. (2) On and form the said date—
   • (a) (1) all properties, funds and dues. placed at the disposal of the Board by the Government, and : 65 (i1) all properties, funds and dues exchanged for, derived fiom, or otherwise attributable to, the properues. funds and dues referred to in sub-clause (1), which, immediately before the said date, were held by or realizable by the Boaid, shall vest in, and be realizable by the Government.
   • (b) all properties, funds and dues, other than those referred to in clause (a), which, immediately before the said date, were vested in or were realizable by the Board and the Chairman respectively shall . vest in and be realizable by the Corporation and the Commissioner respectively ;
   • (c) if any question arses as to whether any properues, funds or dues vest in the Government under clause (a) or in the Corportion under clause (b), the question shall be 1eferred to the Government whose decision thereon shall be final ;
   • (d) all liabihties which, immediately before the said date, were enforceable against the Board shall be enforceable against the Govern- ment or the Corporation. The Government shall determine which of such liabilities shall be enforceable against them and which against the Coporation ; or the purpose of completing the exccution of schemes sanctiofitd under this Act, which have not been fully exccuted by the Board, the Government may, by order, decide which of such schemes shall be completed by the Corporation and which by the Government, and the decision of the Government thereon shall be final, and the functions of the Board and the Chairman shall be discharged 1n respect of those schemes by the Corporation or the Government, as the case may be.
   • (f) the Corporation shall keep separate accounts of all moneys respectively received and expended by it under this Act, unul all loans raised thereunder have been repaid and until all other liabilities referred to in clause (d) have been duly met