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1The property held immediately before the appointed day by the Lord President of the Council for the purposes of his activities under subsection (1) of section two of the Atomic Energy Act, 1946, and subsection (1) of section one of the Radioactive Substances Act, 1948, and the rights and liabilities enjoyed by him or incumbent on him immediately before the appointed day in connection with those activities are hereby transferred as from the appointed day to the Authority:
Provided that this paragraph shall not apply to any property, rights or liabilities acquired or incurred under any pension scheme.
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