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16.—(1) Until 1st April 1983 the Greater London Council may, without payment, nominate tenants to such proportion of the vacancies in the dwellings transferred by article 4 to a transferee authority, not exceeding 65 per centum of such vacancies, as they may determine from time to time.
(2) Without prejudice to paragraph (1), the Greater London Council may agree with a transferee authority, before 1st April 1983 in respect of nominations in excess of the said 65 per centum, or after that date as to any nominations, and any such agreement may include such terms (whether as to payment or otherwise) as may be agreed between the parties or, in default of agreement, as may be determined by the Secretary of State or by an arbitrator appointed by him.
(3) Nothing in this article shall affect any agreement as to nominations subsisting between the Greater London Council and a London borough council at the coming into operation of this order.