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2Every agreement (whether written or not), and every instrument or other document, which relates to—
(a)any property, right or liability of the Board which vests in the Secretary of State by virtue of section 2(6) of this Act, or
(b)any such right or liability as is mentioned in paragraph 1(1) above,
shall have effect, so far as may be required for continuing its effect on or after the dissolution date, as if—
(i)where the Board is (or immediately before that date was treated as) a party to it, the Secretary of State were substituted as that party,
(ii)for any reference to the Board (including any reference which was then to be construed as such a reference) there were substituted a reference to the Secretary of State,
(iii)for any reference (however worded and whether express or implied) to the chairman or vice chairman or any member of the Board (including any reference which was then to be construed as such a reference) there were substituted a reference to such officer or officers as the Secretary of State shall appoint for the purpose, and
(iv)for any reference to the office or place of business of the Board (including any reference which was then to be construed as such a reference) there were substituted a reference to the principal office of the Secretary of State.
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