5 Accounts, and winding up of affairs, of old authorities.
1 Any duty imposed on an old authority by section 98 of the 1977 Act, but not performed by 1st April 1996, shall be performed by the relevant new authority in accordance with the provisions of that section, of any regulations made under that section and of any directions which may be given by the Secretary of State.
2 Each new authority shall take such action as may be necessary for the winding up of the affairs of any old authority in relation to which it is the relevant new authority.
3 Any new authority which is specified in column (2) of Schedule 2 in relation to an old authority specified in column (1) of that Schedule shall, in accordance with any directions which the Secretary of State may give, assist the relevant new authority specified in column (3) of that Schedule with the discharge of its duties under paragraphs (1) and (2) with respect to the accounts and winding up of that old authority.