Paragraph 12 Supplementary

(1)

For the avoidance of doubt it is hereby declared that, notwithstanding section 2(2) of the 1991 Act and paragraphs 1 and 2 of Schedule 1 to that Act, the provisions of sections 6 and 9 of, and Schedule 1 to, the Clyde Port Authority Order 1965 (which make provision as respects the constitution of the Authority) shall have no effect in relation to the Successor Company.

(2)

On the transfer date the enactments specified in Part I of the Schedule to this Scheme shall, subject to sub-paragraph (4) below, be repealed to the extent specified in the third column of that Schedule.

(3)

On the dissolution date the enactments specified in Part II of that Schedule shall be repealed to the extent specified in the third column of that Schedule.

(4)

The repeal by sub-paragraph (2) above of provisions contained in Part VI of the Clyde Port Authority Order 1965 (including Schedule 4) shall not apply in relation to—

(a)

any Clyde Port Authority irredeemable stock created by virtue of section 48 of that Order and issued in pursuance of section 49 of that Order;

(b)

any Clyde Port Authority bonds referred to in section 52 of that Order; or

(c)

any bonds or stock granted or issued by the Authority before the transfer date. IN WITNESS whereof the Clyde Port Authority have caused their Common Seal to be hereunto affixed the Twenty ninth day of October1991.