Part V Replacement of Programme Contracts by Local Licences

1. Replacement of contracts to which paragraph 2(1) in Part IV applies by local licences
2. Replacement by local licences of certain contracts for the provision of local sound broadcasts in localities in which such broadcasts were already provided
3. Common provisions applying to licences granted in pursuance of paragraph 1(1) or 2(1) above
4. Saving for liabilities under terminated contracts