This Act may be cited as the Finance Act 1947.

(1) This section shall be read together with and deemed part of the Marketing Act 1936 (in this section referred to as the principal Act).

(2) The Minister of Agriculture and Fisheries may from time to time, on behalf of Her Majesty the Queen, subscribe for or otherwise acquire shares or interests in any body corporate having amongst its objects any such functions for the time being conferred on the Ministry of Agriculture and Fisheries by section 6 of the principal Act or by any other enactment, and may from time to time exercise on behalf of Her Majesty all Her Majesty's rights and powers as the holder of any such shares or interests or as a member of any such body corporate.

(3) All contracts entered into by the Minister under the principal Act or under any other enactment (whether for the acquisition of any real or personal property or otherwise) shall be entered into by him in the name and on behalf of Her Majesty.

(4) All such contracts that have been entered into by the Minister before the passing of this 'at shall be deemed to have been entered into by him on behalf of Her Majesty, and all real and personal property, rights, powers, and liabilities vested in or imposed upon the Minister by any such contract shall be deemed at the passing of this Act to have become vested in or imposed upon Her Majesty.

(5) The Minister may from time to time exercise on behalf of Her Majesty all Her Majesty's rights and powers under any such contract (whether entered into before or after the passing of this Act) or as the holder of any real or personal property.

(6) The Marketing Emergency Regulations 1942 are hereby revoked.