Transfer of property, rights and liabilities3.
On the transfer date all the property, rights and liabilities of the old trust, not referred to in article 2 above, are transferred to the new trust, including without limitation—
(a)
the duty to prepare the outstanding accounts of the old trust and to perform all statutory duties relating to those accounts;
(b)
the trust property of the old trust listed in Schedule 1;
(c)
the charities of the old trust listed in Schedule 2.