SCHEDULE 1Property, rights and liabilities transferred to the corporation

Working capital8

Any property, rights or liabilities that the Authority has in—

a

any cash in hand or at a bank;

b

any book or other debts arising out of or attributable to the activities of the Authority and owed to the Authority at the transfer date including the right to receive payment for goods despatched or delivered and services rendered before the transfer date but not invoiced before such time; or

c

any creditors (whether invoiced or not), accrued charges and all other amounts whether due now or in the future.