Page:Constitution of Rhodesia, 1965.pdf/86

 136. (1) All stocks, cash, bankers' balances and securities for Assets of former money, Crown lands, public works, and all property, movable or Govern- immovable, and all rights of whatever description, including all ment rights in and to mines, minerals and precious stones, and all rights in connexion with the searching for, working for, or disposing of minerals or precious stones, which immediately prior to the appointed day belonged to or vested in the Crown or the Government of Southern Rhodesia or the Governor in his capacity as Governor of Southern Rhodesia shall, as from the appointed day, belong to or vest in the Officer Administering the Govern- ment on behalf of the Government of Rhodesia. (2) Any property which immediately prior to the appointed day is liable to be forfeited or confiscated to the Crown or the Government of Southern Rhodesia or to any person or authority on behalf of the Crown or Government shall, as from the appointed day, be liable to be forfeited or confiscated to the Officer Adminis- Iering the Governinent on behalf of the Government of Rhodesia. (3) Where immediately prior to the appointed day any person holds any property or assets in trust for or on behalf of the Crown or the Governor for the purposes of the Government of Southern Rhodesia, that person shall, as from the appointed day, hold such property or assets on the like trust for or on behalf of the Officer Administering the Government. 137. (1) As from the appointed day the Government of Liabilities of former Rhodesia established under this Constitution shall assume all debts Govern- and liabilities of the Government of Southern Rhodesia existing ment immediately prior to the appointed day subject to the conditions imposed by any law under which such debts or liabilities were raised or incurred and without prejudice to any rights of security or priority in respect of the payment of principal, interest, sinking fund and other charges conferred on creditors of the said prior Government. (2) The rights of stockholders to undertakings given by the Government of Southern Rhodesia at the time of the issue of any Rhodesian Government stock registered under the Colonial Stock Act, 1877, or any Act amending or replacing the same shall be maintained, and there shall be no departure from the original contract in respect of such stock. (3) En this section "Rhodesian Government stock" means stock forming any part of the public debt of Rhodesia. 138. All rights and obligations under any conventions or Existing conventions agreements existing immediately prior to the appointed day shall and agree devolve upon the Government established by this Constitution ments 83 83