Section 21: Compensation of assets transferred by issue of debenture stock.

(1) So soon as may be after any assets, other than the Apapa Wharf Extension, are transferred to the Authority by the Government under the provisions of this Act, the Authority shall create in respect of the value of the assets so transferred debenture stock, to be known as Port Debenture Stock A, of an amount to be agreed upon by and between the Government and the Authority, and such stock shall bear interest at such rate and from such date as shall be determined by the National Council of Ministers.
(2) So soon as may be after the vesting day, the Authority shall, in respect of the value of the Apapa Wharf Extension transferred to the Authority by the Government under the provisions of this Act create debenture stock, to be known as Port Debenture Stock B, of an amount to be agreed upon by and between the Government and the Authority, and such stock shall bear interest at such rate and from such date as shall be determined by the National Council of Ministers.