Article 4 Transfer of property etc.
This article shall have effect to—
(a)
transfer from the Crown to the Authority and to vest in them—
(i)
such property;
(ii)
such rights and liabilities relating thereto; and
(iii)
such other rights and liabilities,
as may be specified in a written notice from the Secretary of State under article 3(1)(b) above;
(b)
apportion between them—
(i)
such property;
(ii)
such rights and liabilities relating thereto; and
(iii)
such other rights and liabilities,
as may be so specified; and
(c)
create between them such rights and liabilities as may be so specified; on such date, or dates, as may be so specified.