Article 8 Application of Part IV
(1)
This Part of this Order makes provision, in the case of the transfers mentioned in paragraph (2) of this Article, for the transfer of property, rights and liabilities of the Holding Company relating to pensions and pension schemes.
(2)
The transfers referred to in paragraph (1) of this Article are the transfers of securities, rights and liabilities of the Holding Company—
(a)
to the Freight Corporation under section 4(1) or (4) of the Act,
(b)
to the Bus Company under section 28(1) or (5) of the Act, and
(c)
to the Scottish Group under section 28(2) or (5) of the Act.