28.—(1) Subject to paragraph (2), any interest in any property or any liability transferred by the preceding articles of this order to the authority for any county, district or parish shall be held or discharged by them in respect of the whole of such area.
(2) Paragraph (1)—
(a)shall not apply to any property or liability transferred by article 16 as extended by paragraph (2) thereof;
(b)shall not apply in respect of any interest in any property or any liability which by reason of agreements made by authorities abolished by the Act falls to be held or discharged in respect of any specific area; and
(c)shall have effect subject to the provision of subsections (4) and (5) of section 248 of the Act (freemen and inhabitants of existing boroughs).