2 Transfer to Board of collections of London and Guildhall Museums and benefit of certain funds.

C11

On such day as may, with the agreement of the Corporation and the Greater London Council, be appointed for the purposes of this section by the Secretary of State by order made by statutory instrument (hereafter in this Act referred to as “the appointed day”) the following objects, namely,—

a

all objects which at the beginning of that day form part of the collections of the organisation known as the London Museum and are then vested in the Trustees of the London Museum; and

b

all objects which at the beginning of that day form part of the collections of the organisation known as the Guildhall Museum and are then vested in the Corporation,

shall, by virtue of this section and without further assurance, vest in the Board.

2

As regards anything falling to be done after the appointed day—

a

the will of John George Joicey (which contains provision for the application of the income of certain funds, which are now vested in the official custodian for charities, in the purchase of objects for the London Museum) shall have effect as if the said provision were one for the application of the said income in the purchase of objects for addition to the collections vested in the Board by virtue of the foregoing subsection; and

b

the scheme contained in the Schedule to the order made on the 14th May 1956 in the Chancery Division of the High Court for the administration of the charitable trusts created by the wills of Henry Thomas Mackenzie Bell and Helena Teresa Maria Bell (which scheme contains provision for the use of the funds representing the assets and property subject to the scheme, which funds are now vested in the official custodian for charities, and any income thereof for the purpose of maintaining and adding to the collections in the London Museum) shall have effect as if the said provision were one for the use of the said funds and income for the purpose of maintaining and adding to the collections vested in the Board as aforesaid.

3

On the appointed day—

a

such rights, powers and duties in relation to any object vested in the Board by subsection (1) above as immediately before that day are exercisable by or incumbent upon the Trustees of the London Museum or, as the case may be, the Corporation; and

b

such rights, powers and duties in relation to the funds mentioned in the last foregoing subsection as immediately before that day are exercisable by or incumbent upon the said Trustees,

shall instead be exercisable by or incumbent upon the Board.