Article 2

In order to take account, in relation to the Transport Holding Company, of the disposal by that Company of property, rights and liabilities and also of the transfer of the residual property, rights and liabilities of that Company to the National Freight Corporation under section 53(1) of the Transport Act 1968 the commencing capital debt of the Transport Holding Company under section 39 of the Transport Act 1962 (which was reduced by the Transport Holding Company (Capital Debts) Order 1973^f1 to £4,647,805) is hereby extinguished.