Middlesex Guildhall Collection etc
10.—(1) On the transfer date the interests of the Residuary Body in the items which formed the collection known as the Middlesex Guildhall Collection, and which are specified in loan agreements dated 21st March 1989 and 12th September 1989 and signed by Mrs Wendy West on behalf of the Residuary Body and Mr David Adlington on behalf of the Lord Chancellor’s Department, shall vest in the council of the London Borough of Harrow (“Harrow”).
(2) (a) Subject to paragraph (3), immediately before the transfer date the Residuary Body shall set aside from its revenue balances the sum of £34,600; and
(b)on the transfer date the Residuary Body shall transfer that sum to Harrow.
(3) The sum referred to in paragraph (2) shall be reduced by such amount as the Residuary Body may certify has been expended by it before the transfer date under a contract for restoration works made between the Residuary Body and the Castle Howard Conservation Centre.
(4) The money transferred by virtue of paragraph (2)(b) shall be applied by Harrow only for defraying expenditure on or in connection with the display, security, repair and maintenance of the items vested in them by paragraph (1).
(5) On the transfer date the interests of the Residuary Body in a collection of portraits of Chairmen of the abolished council and of the London County Council and of certain other artefacts specified in a loan agreement dated 31st March 1989 between the Residuary Body and the Common Council shall vest in the Common Council.