Article 4 Transitional provisions in connection with article 3

The development corporation may continue to exercise the powers conferred on it by section 136 of the Local Government, Planning and Land Act 1980—

(a)

to hold, manage, reclaim or dispose of—

(i)

any land in the excluded area owned by it at the coming into force of this Order; and

(ii)

any other property owned by it in connection with such land;

(b)

to discharge any obligation, exercise any right, power or privilege or assign any benefit under any agreement entered into by it in connection with the excluded area before the coming into force of this Order; and

(c)

until 31st March 1995, to give financial assistance in connection with activities within the excluded area to any person to whom such assistance was given before the coming into force of this Order,

and such powers shall be exercised as if the excluded area continued to form part of the development area.