9E+WAll contracts, deeds, bonds or agreements entered into or made by either of the Councils (or by them jointly) and subsisting immediately before the effective date of any transfer under section 6 or 7 of this Act or paragraph 2 above, in so far as they relate to property or liabilities transferred—
(a)by virtue of section 6 of this Act or paragraph 2 above to the Secretary of State; or
(b)by virtue of section 7 of this Act or paragraph 2 above to the person appointed under section 11 of this Act to levy tolls;
shall have effect with the substitution of the transferee for the transferor and may be enforced by or against the transferee accordingly.