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SCHEDULES

Valid from 30/01/2001

SCHEDULE 15U.K. Financial assistance: transfers to SRA

Effect of transfer schemeE+W+S

6E+W+SOn the date appointed by a transfer scheme, the property, rights and liabilities which are the subject of the scheme shall, by virtue of this paragraph, be transferred in accordance with the provisions of the scheme.

7E+W+SNothing in this Schedule affects the validity of anything done by or in relation to the Secretary of State in connection with anything transferred by a transfer scheme.

8E+W+SThere may be continued by or in relation to the Authority anything (including legal proceedings) relating to anything transferred by a transfer scheme which is in the process of being done by or in relation to the Secretary of State immediately before it is transferred.

9E+W+SAnything done by the Secretary of State for the purpose of or in connection with anything transferred by a transfer scheme which is in effect immediately before it is transferred shall be treated as if done by the Authority.

10E+W+SThe Authority shall be substituted for the Secretary of State in documents and legal proceedings relating to anything transferred by a transfer scheme.