Transfer of parts of Authority’s undertaking U.K.

2 Transfer of part of Authority’s undertaking to Radiochemical Company. U.K.

(1) On the appointed day there shall, by virtue of this Act and without further assurance, be transferred to The Radiochemical Centre Limited (in this Act referred to as “the Radiochemical Company”)—

(a) so much of the undertaking of the Authority as immediately before that day is financed out of the Authority’s trading fund and is carried on at the Radiochemical Centre or at the Authority’s establishment at Harwell; and

(b) all such property, rights, liabilities and obligations as, immediately before that day, are property, rights,liabilities and obligations of the Authority appertaining to that part of the Authority’s undertaking which falls within paragraph (a) of this subsection and are not excepted from this paragraph by or under subsection (2) of this section or section 3, section 5 or section 6 of this Act.

(2) There are excepted from paragraph (b) of the preceding subsection all lands and premises forming part of the Authority’s establishment at Harwell.