Paragraph 5

From the commencement date there shall be transferred to and be vested in or fall to be discharged by the New Board to the appropriate extent all such rights, and obligations of the Abolished Boards and property; and for this purpose “the appropriate extent”, in relation to the New Board, means in so far as such rights and obligations specifically relate to or (in the case of land) lie within the whole or any part of the district of an Abolished Board which after the commencement date is comprised in the district of the New Board.