Explanatory note

This Order makes provision for the transfer to specified inner London borough councils and other bodies of certain property, rights and liabilities originally transferred to, or held, acquired or incurred by the London Residuary Body (“the LRB”) by virtue of, or in the exercise of any of its functions under Part 111 of the Education Reform Act 1988 (“the 1988 Act”).

The Order gives effect with modifications to proposals made by the LRB in respect of such transfers pursuant to section 187(2) of the 1988 Act.

Land transferred pursuant to article 2(1) may not be disposed of within 20 years without the consent in writing of the Secretary of State (article 4). The LRB is made responsible for enforcing such condition and any condition imposed by the Education, (Inner London Education Authority) (Property Transfer) Order 1990 or by the Education (Inner London Education Authority) (Property Transfer) (No. 2) Order 1990 (article 10).

The interests of the LRB in five paintings and two busts are transferred to the Mayor and Commonality and Citizens of the City of London by article 7. In making provision for the transfer of certain records which do not relate to the LRB’s functions under Part III of the 1988 Act article 8 gives further effect to a scheme submitted by the LRB to the Secretary of State pursuant to section 67(1)(b) of the Local Government Act 1985.

The loan agreement referred to in article 7 identifying the paintings and busts transferred may be inspected during normal office hours at the offices of the London Residuary Body, Globe House, 4 Temple Place, London WC2R 3HP and at the offices of the Corporation of the City of London, Guildhall, London EC2 2EJ.

The lease dated 7th August 1990 and made between the LRB and ADT Wandsworth CTC Limited referred to in Parts I and 11 of Schedule 2 may be inspected during normal office hours at the offices of the LRB referred to above and at the offices of Wandsworth Borough Council, The Town Hall, Wandsworth High Street, London SW18 2PU.

Plans showing the land transferred pursuant to article 2 may be inspected during normal office hours at the offices of the LRB referred to above.