Article 3 Payment by the Residuary Body

On 30th March 1989 the Residuary Body shall set aside from their revenue balances the sum of £1 million.

On 31st March 1989 the Residuary Body shall transfer that sum to Bradford; and Bradford shall credit it to a fund established by them under paragraph 16 of Schedule 13 to the Local Government Act 1972^f1 which, subject to article 5, shall be applied only for defraying expenditure.