3.—(1) In any case where the Lord President is, immediately before the coming into operation of this Order, the trustee of any property and—
(a)he is trustee by virtue of Article 7(1) of the Transfer of Functions (Arts, Libraries and National Heritage) Order 1983, or
(b)it may reasonably be inferred that he is trustee by reason of his being a Minister of the Crown with responsibility for the Arts,
the Chancellor is hereby substituted for the Lord President as trustee of that property.
(2) The property in the chattels vested in the Lord President by virtue of the Wellington Museum Act 1947 and Article 7(2) of the Transfer of Functions (Arts, Libraries and National Heritage) Order 1983 is hereby transferred to the Chancellor.