Disbursement of amounts to the club

Disbursement of amounts to the club.-(1) If, out of the monies paid to him in relation to the undertaking of the club, there is a balance left after meeting the liabilities as specified in the Second Schedule, the Commissioner shall disburse such balance to the club.

1. (2) Where the possession of any instrument, machinery or other property has vested in the Government or any Government company under this Act, but such instrument, machinery or other property does not belong to the club, it shall be lawful for the Government or, as the case may be, the Government company, to continue to possess such instrument, machinery or other property on the same terms and conditions under which they were possessed by the club, immediately before the appointed day.