
1 

(1) This Order may be cited as the London Government Reorganisation (Non-Domestic Mortgages) Order 1988, and shall come into force on 31st March 1988.
(2) In this Order—
 “transferee council” in relation to any mortgage, means the council of any London borough mentioned in relation to the mortgaged property in column 3 of the Schedule, and
 “the Coin street mortgage” means the mortgage mentioned in article 2(3).
2 

(1) This article applies to any mortgage granted to the London Residuary Body or any predecessor in title of that Body by a person or body mentioned in column 1 of the Schedule and secured on land situated as described in column 2.
(2) All rights and liabilities of the London Residuary Body in respect of any mortgage to which this article applies, and all records of that body relating exclusively to any such rights or liabilities, shall vest in the transferee council, or, as the case may be, councils.
(3) The rights, liabilities and records in respect of the mortgage of land at Upper Ground and at Barge House Street, SE1, transferred by paragraph (2) above shall vest in the transferee councils jointly on such terms as may be agreed between them or, failing such agreement, determined by a person so agreed on or appointed in default of agreement by the Secretary of State.
(4) The transferee council, or, as the case may be, councils shall pay to the London Residuary Board a sum equal to the aggregate of all amounts outstanding by way of principal and interest in respect of any mortgage to which this article applies; and the sum in respect of the Coin street mortgage may be recovered from the transferee councils jointly or severally.
(5) Money received by the London Residuary Body in pursuance of this article shall not be treated, for the purposes of section 77 of the Act and of the Local Government Reorganisation (Capital Money) (Greater London) Order 1987, as capital money within the meaning of article 2(2) of that Order.
Nicholas Ridley
Secretary of State for the Environment
10th February 1988
SCHEDULE
Articles 1(2) and 2(1)


(1) (2) (3)
Mortgagor Situation of land London borough
Bermondsey and Brook Lane Medical Mission 5 Oaklands Road, Bromley Bromley
London Enterprise Property Co Ltd. South side of Chalk Farm Road and Primrose Hill, NW1 Camden
Universal Tyre Co. (Deptford) Ltd. Land in Creek Road, SE8 Greenwich
Mark Street Depository Ltd 68a Leonard Street, EC2  Hackney
Mark Street Depository Ltd Former St Michael’s Church and former parsonage house, Mark Street, EC2 
Lubavitch Foundation 113 and 115 Stamford Hill, N16 Hackney
GLEB Investments Ltd. 167—185 Freston Rd, W10 Hammersmith and Fulham
GLEB Investments Ltd. Worton Hall, Worton Rd, Isleworth Hounslow
W & W Engineers (Hayes) Ltd. South west of Rigby Lane, Hayes Hillingdon
GLEB Investments Ltd 2—6 (even) All Saints Street, Thornhill Wharf; 8—36 (even) All Saints Street, Pembroke Wharf; rear of 8—36 (even) All Saints Street; and 123 Caledonian Road, N.1. Islington
Kings Cross Community Property Trust 61—71 (odd) Collier Street, N1 
Harpgrace Ltd. The Annexe, 40 Bowling Green Lane, EC1 Islington
Mangrove Enterprises Ltd.  6 and 8 All Saints Road, W11  Kensington and Chelsea
Delves House Trust Ltd. 25—33 (odd) Queen’s Gate Terrace and 10 and 12 Petersham Place, SW7 Kensington and Chelsea
GLEB Investments Ltd. Milkwood Road (west side), SE24  Lambeth
Farmwood Investments Ltd 339 Kennington Lane and 1—35 (odd) Durham Street, SE11 Lambeth
Lambeth Old People’s Housing Society Ltd 18—19 Victoria Rise, SW4  Lambeth
School Journey Association  48—50 Cavendish Road, SW12  Lambeth
Trustees of the Society of St. Vincent de Paul 14 Rutford Road SW16 Lambeth
Coin Street Community Builders Ltd. Site F2 Barge House Street and Site A Upper Ground, SE1 Lambeth and Southwark
Hostel for Crippled and Invalid Women Workers (Incorporated) 10, Love Walk, SE5 Southwark
South East London Baptist Homes Ltd. The Elms, 147 Barry Road, SE22 Southwark
GLEB Investments Ltd. 23—55 (odd) Bacon Street; 2—14 (even) Busby Street; 28—40 (even) Chilton Street; 1—27 (odd) Granby Street; 2-8 (even) Granby Street, E2. Tower Hamlets
London Production Centre Ltd. Broomhill Road, SW18 
Fulham Housing Improvement Society Wickenham House, Kersfield Road; Royston House, 55 Putney Hill, SW15 Wandsworth
Dr. I Dollond 208 and 210 Roehampton Lane, SW15 Wandsworth