
1 

(1) This Order may be cited as the London Docklands Development Corporation (Transfer of Property, Rights and Liabilities) (Urban Regeneration Agency) Order 1998.
(2) This Order shall come into force on 31st March 1998.
2 
In this Order—
 “the Agency” means the Urban Regeneration Agency;
 “the Company” means the Royal Docks Management Authority Limited (company number 2363622);
 “the Corporation” means the London Docklands Development Corporation;
 “the Maps” means the maps respectively labelled “Map 1”, “Map 2”, “Map 3” and “Map 4” entitled “Maps referred to in the London Docklands Development Corporation (Transfer of Property, Rights and Liabilities) (Urban Regeneration Agency) Order 1998”, one set of which, signed by an Under Secretary in the Government Office for London, has been deposited and is available for inspection at the offices of each of the following—
(a) the Department of the Environment, Transport and the Regions;
(b) the Agency;
(c) the council of the London borough of Newham; and
(d) the council of the London borough of Tower Hamlets.
3 
There are hereby transferred to the Agency on 31st March 1998—
(a) such ordinary shares in the share capital of the Company as are vested in the Corporation immediately before that date, together with any rights and liabilities which the Corporation has in relation to those shares;
(b) the rights and liabilities of the Corporation under the shareholders' agreement entered into by the Corporation and the Company on 28th September 1990 as amended by a deed of variation made on 26th November 1991; and
(c) the land which is shown bounded externally by a red line and coloured pink on the Maps, together with any rights and liabilities which the Corporation has in relation to that land.
4 
Notwithstanding anything in subsection (2)(b) of section 160 of the Leasehold Reform, Housing and Urban Development Act 1993 (general powers of Agency), the powers conferred on the Agency by subsection (1) of that section shall be taken to include power to acquire the shares, the rights and liabilities and the land transferred to it by article 3.
Signed by authority of the Secretary of State for the Environment, Transport and the Regions
Richard Caborn
Minister of State,
Department of the Environment, Transport and the Regions
5th March 1998