7 Specific transfers of land, rights and liabilities from the SERC
Subject to the provisions of this Order all land including any property in or on the land held and used by the SERC together with rights or liabilities in relation to such land acquired or incurred by the SERC and which is specified in—
1 Part I of Schedule 1;
2 Parts II, III and IV of Schedule 1;
3 Schedule 2;
shall, in the case of paragraph (1), be transferred to the PPARC and in the case of paragraph (2), shall be so transferred subject to any requirement of the law of the place where the land is situate, and in the case of paragraph (3) shall be transferred to the NERC.