34. (1) The Pharmacy Act, 1967 (XI of 1967), hereinafter referred to as the said Act, is hereby repealed. (2) Upon the repeal of the said Act,ÔÇö(a) all assets, rights, powers, authorities and privileges, and all property, movable and immovable, cash and bank balances, funds and all other interests in, or arising out of, such property of the Pharmacy Council of Pakistan in Bangladesh and of the Pharmacy Council of East Pakistan, hereinafter referred to as the Pharmacy Councils, shall stand transferred to, and vest in, the Council;(b) all debts, liabilities and obligations of whatever kind of the Pharmacy Councils subsisting immediately before the establishment of the Council shall, unless the Government otherwise directs, be the debts, liabilities, and obligations of the Council;(c) all officers and staff of the Pharmacy Councils shall stand transferred to and become officers and staff of the Council and shall hold office on the same terms and conditions as were enjoyed by them immediately before the establishment of the Council and shall continue to do so until their terms and conditions are duly altered by the Council:Provided that an officer or staff so transferred shall have the option not to continue in the service of the Council;(d) all suits and other legal proceedings instituted by or against the Pharmacy Councils immediately before the establishment of the Council shall be deemed to have been instituted by or against the Council; and(e) notwithstanding the repeal of the said Act under sub-section (1), the ad hoc Committee constituted by the Government under Notification No. S-IV/2C-31/72-332, dated the 5th August, 1972, shall continue in office until such time as the Council is constituted under section 4 of this Ordinance.