1050 ADMINISTRATION AND LEGISLATION [PART V 
tions acquired or incurred by the Government against or 
towards the persons in occupation of the said lands and in 
respect thereof. 
(¢) There shall further be transferred to the Board for the 
said purposes, and more especially for the purposes of making 
advances under the authority of the said Settlers’ Ordinance 
to the persons in occupation of the aforementioned lands, all 
moneys paid to the said Government by such persons as 
aforesaid in discharge of their obligations to it, and held by 
it on the appointed day for or on account of land settlement, 
and any balance of money appropriated by the Intercolonial 
Council to the said Government out of the loan authorized 
by the ® Transvaal Guaranteed Loan Ordinance, 1903 °, for 
the purposes of land settlement, together with such further 
sums as may be approved by a Secretary of State, out of 
moneys hereafter appropriated to the Government by the 
said Council for land settlement purposes. 
(3) The said Board may, with the approval of the Governor, 
exercise all the rights and discharge all the duties conferred 
and imposed by law or agreement on the Government of the 
Colony, or any Member thereof, in respect of the afore- 
mentioned lands and the persons in occupation of them, and 
may appropriate to such purposes and generally to the cost of 
carrying out this section any moneys paid to it after the 
appointed day by such persons as aforesaid in discharge of 
any obligations incurred by them to the Government, as 
well as any moneys transferred to it under subsection 2 (c) 
of this section. 
(4)—(a) The rights, powers, and duties conferred and 
imposed by this section on the Board shall be determined on 
the expiration of five years reckoned from the appointed 
day ; Provided always that it shall be competent for the 
Government of the Colony to make an agreement, subject 
to the consent of the Governor and with the approval of 
a Secretary of State, with the Board in respect of the matters 
referred to in this section whereby the said rights, powers, 
and duties aforesaid shall be sooner determined. 
(6) On the determination of the said rights, powers, and 
duties the Board shall transfer to the Governor in Council 
the aforementioned lands registered in its name and all 
movable property, moneys, rights, and obligations acquired 
and incurred by it under the provisions of this section. and 
the Board shall thereupon be dissolved. 
(5) The appointed day shall be such day as may be pro- 
claimed by the Governor in the Gazette.