Article 14 The South Bank

This paragraph applies to all land vested in the Greater London Council within the area hatched on map 2.

The land to which paragraph (1) applies shall vest in the London Residuary Body, and nothing in article 9(4) shall have effect to vest any rights and liabilities in respect of property situated on that land other than in that body.

The land surrounded by the land to which paragraph (1) applies shall vest in the Arts Council of Great Britain, insofar as it is not so vested by section 47 of the principal Act.

All rights and liabilities vested in the Greater London Council in respect of the Festival Pier shall vest in the Thames Water Authority.