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Preservation of certain continuing contracts and adaptation of references.
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36.—Every bond, guarantee or other security of a continuing nature made or given by or on behalf of the National Council for Educational Awards to any person or given by any person to and accepted by or on behalf of the National Council for Educational Awards and every contract or agreement made between the National Council for Educational Awards, or any trustee or agent thereof acting on its behalf, and any other person and in force but not fully executed and completed immediately before the commencement of this Chapter shall continue in force on and after such commencement and shall be construed and have effect as if the name of the Council was substituted therein for that of the National Council for Educational Awards or, as appropriate, any trustee or agent thereof acting on its behalf, and shall be enforceable by or against the Council.
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