87(1)The repeal effected by the Act of 1962 shall not affect the operation of—
(a)any such scheme as was mentioned in paragraph 7 of Schedule 10 to the Act of 1947 (which related to certain schemes made under the [1932 c. 48.] Town and Country Planning Act 1932 and the [1925 c. 16.] Town Planning Act 1925) in so far as, by virtue of that paragraph, the scheme continued to have effect immediately before the commencement of this Act; or
(b)any order made under that paragraph (which empowered the Minister to make provision by order for winding up any such scheme) in so far as the order continued to have effect immediately before the commencement of this Act.
(2)Any power to make orders under paragraph 7 of that Schedule shall continue to be exercisable notwithstanding the said repeal.