Article 2 Transfer of land etc.

Subject to paragraphs (3) and (4) below, on the transfer date all interests, rights and liabilities of the LRB in the land specified in column (2) of Part I of the Schedule to this Order shall vest in the London borough council or body specified opposite thereto in column (1) of that Part.

On the transfer date all interests, rights and liabilities of the LRB in the land specified in Part II of the Schedule to this Order shall vest in the London borough council in whose area such land is situated.

The LRB shall remain entitled to any refund of rates payable in relation to any such land referred to in paragraph (1) above for any period prior to 1st April 1990 and may continue any appeal in respect of any assessment in respect of any such period.

The LRB shall remain entitled to any rent due in respect of the land referred to in column (2) of Part I of the Schedule to this Order as “Site for proposed new primary school, Moxon Street/Cramer Street W1” for any period prior to the transfer date, and may commence or continue any claim or proceeding in respect of such rent.