Additional functions of the Commission

4.—(1) The purposes for which the Commission exists, as mentioned in section 36(1) of the 1981 Act (functions of Commission), shall also include–

(a) to take over and, with a view to its eventual disposal, to hold, manage and turn to account the property of the Trust transferred to the Commission by article 3, and

(b) as soon as it considers it expedient to do so, to dispose of property so transferred, and

(c) to carry out any functions transferred to it by article 3.

(2) In this article–

(a) any reference to property transferred to the Commission by article 3 includes a reference to rights and liabilities so transferred; and

(b) in relation to liabilities so transferred, any reference to disposal includes a reference to extinguishment.