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(1)British Telecommunications shall continue in existence after the transfer date until it is dissolved in accordance with subsection (2) below; and the period of its continued existence after the transfer date is in this Act referred to as " the transitional period ".
(2)The Secretary ol State may by order, after consulting British Telecommunications and the successor company, dissolve British Telecommunications on a day specified in the order, as soon as he is satisfied that nothing further remains to be done by British Telecommunications under Schedule 5 to this Act.
(3)During the transitional period section 1(4) of the 1981 Act (composition of British Telecommunications) shall have effect as if for the word " six " there were substituted the word " one " and paragraph 9 of Schedule 1 to that Act (quorum of British Telecommunications) shall have effect as if after the word " three " there were inserted the words " or the number of its members, whichever is the less ".
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