such transfer, the Government holds the shares which,
immediately after that event, it is by subsection (1)
entitled to hold.
(3) Shares transferred to the Government under this
section shall be fully paid up and free from encumbrances
and shall be held on behalf of the Government by the
Financial Secretary Incorporated.
(4)
For the purposes of this section -
(a) shares shall be deemed to be held by the
Government notwithstanding that, after they have
been transferred to the Government under this
section, the Government may subsequently have
disposed of them;
(b) a "relevant event" takes place
(i) on the commencement of this Ordinance;