3.—(1) The Agricultural Trust shall cease to exist on the appointed day.
(2) Any rights or obligations of the Agricultural Trust and any property held by the Trust shall, on the appointed day, become rights, obligations and property of the Department.
(3) On and after the appointed day, anything which, apart from paragraph (1), would be required or permitted to be done by or to the Agricultural Trust shall or may be done by or to the Department.
(4) Any legal proceedings to which the Agricultural Trust is a party may be continued on and after the appointed day by or in relation to the Department.
(5) Every contract, agreement, licence and authority, whether written or not, and every deed, bond, instrument and document in effect immediately before the appointed day which relates to property, rights or obligations of the Agricultural Trust which are vested in the Department by paragraph (2) shall continue in effect but subject to the following modifications—
(a)if the Trust is a party thereto, the Department shall be substituted as that party;
(b)for a reference (however worded and whether express or implied) to the Trust there shall, as respects anything falling to be done or occurring on or after the appointed day, be substituted a reference to the Department.
(6) An employee of the Trust is not transferred to the employment of the Department by virtue of this Article.