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2. (1) The Ministry of Housing and Local Government, the Ministry of Public Building and Works and the Ministry of Transport are hereby dissolved, and all functions of the Minister of Housing and Local Government, of the Minister of Public Building and Works or of the Minister of Transport (including functions belonging to any of them jointly) are hereby transferred to the Secretary of State or, in the case of functions described in Schedule 1 to this Order, to the Secretary of State for the Environment.
(2) There are hereby transferred to the Secretary of State for the Environment all property, rights and liabilities to which any of the Ministers above-mentioned is entitled or subject immediately before the coming into operation of this Order, other than the immovable property outside the United Kingdom to which the Minister of Public Building and Works is so entitled and rights and liabilities of that Minister in relation to that property.