(1) Section 32 (transfer of property, etc. , to designated institutions) shall have effect in relation to the institutions specified in column (1) of Schedule 2 to this Order.
(2) The persons specified in column (2) of Schedule 2 to this Order are hereby specified as being persons appearing to the Secretary of State to be trustees holding property for the purposes of the respective institutions specified opposite them in column (1) of that Schedule.
(3) Where a trust deed is specified in column (3) of Schedule 2 to this Order, property or rights transferred to the persons specified opposite that deed in column (2) of that Schedule shall be held on the trusts applicable under that deed.