As from the close of 30 June 1988—
the following provisions of this Act, namely,—
the definition of the term Authority in section 2(1); and
Part 6; and
paragraph (a) of section 47; and
Schedule 2,—
shall expire; and
section 11(1)(a) shall be amended by omitting the words “or the Authority”; and
“or the Authority”
the Authority shall be dissolved; and
all real and personal property belonging to the Authority shall become vested in the Crown; and
all money payable to the Authority shall become payable to the Crown; and
all liabilities, contracts, and engagements, and all rights and authorities of any nature whatever of the Authority shall become liabilities, contracts, engagements, rights, and authorities of the Crown; and
all proceedings pending by or against the Authority may be carried on, completed, or enforced by or against the Crown.