Paragraph 4
Subject to subparagraph (3) below, every agreement, other than a contract of employment or an agreement under section 26(2) of the principal Act, to which the Council are a party immediately before the appointed day, whether in writing or not and whether or not of such a nature that rights and liabilities under the agreement could be assigned by the Council, shall have effect as from that date as if—
the Secretary of State had been a party to the agreement, and
for any reference to the Council there were substituted, as respects anything falling to be done on or after the appointed day, a reference to the Secretary of State.
Other documents (not being enactments) which refer to the Council shall be construed in accordance with subparagraph (1) above so far as applicable.
An order under section 3(4) of this Act which transfers any property, rights of liabilities may contain consequential provision for the construction of references in—
agreements (other than contracts of employment) to which the Council are a party at the date of the order or, in a case of an order made after the appointed day, were a party immediately before the appointed day, and
other documents (not being enactments) which refer to the Council.