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(1) The Tema Development Corporation Instrument, 1965 (LI 469) is hereby amended:-

(a) by the substitution for the words "by sections 1 and 2 of the Statutory Corporations Act, 1964 (Act 232)" appearing in the introductory words to the said Instrument, of the words "by sections 1, 2, and 4 of the Statutory Corporations Act, 1964 (Act 232)"; and

(b) in paragraph 1 of Part XV thereof, by the substitution for the words "established under" of the words "existing immediately before the commencement of this Instrument under".

(2) The amendments made by this paragraph shall be deemed to have come into force at the same time as the said Tema Development Corporation Instrument, 1965 (LI 469).