All money transferred to or sums realised by South Tyneside by or in pursuance of the transfer by this Order (other than articles 2(3) and 3(2) and (3)) of any property or rights shall, after deduction of any relevant expenditure, be apportioned among the local councils; and South Tyneside shall pay the appropriate proportion to each of the other local councils and shall retain the balance.

If in any financial year the aggregate in that year of the money and sums referred to in paragraph (1) is insufficient to meet any relevant expenditure for that year, that expenditure shall, to the extent that it is not met from that aggregate, be apportioned among the local councils; and the appropriate proportion shall be recoverable by South Tyneside from each of the other local councils.

In this article, “relevant expenditure” means expenditure attributable to this Order which is not defrayed by virtue of any other provision of this Order.

Anything done by or in relation to (or having effect as if done by or in relation to) the Residuary Body in the exercise of or in connection with a function which by virtue of this Order becomes the function of South Tyneside shall so far as is required for continuing its effect after the transfer date have effect as if done by or in relation to that council.

Without prejudice to the generality of paragraph (1), that paragraph applies to the making of any application, decision or determination; to the giving of any notice; to the entering into of any agreement or other instrument; and to the bringing of any action or proceeding; but nothing in this Order shall be construed as transferring any contract of employment.

Any pending action or proceeding may be amended in such a manner as may be appropriate in consequence of this Order.

The Parliamentary Commissioner may investigate, or, as the case may be may continue to investigate, a complaint of maladministration by the Residuary Body notwithstanding its winding up.