34. Existing contracts

All deeds, contracts, schemes, bonds, agreements, instruments and arrangements, subsisting immediately before 1 April 2001 to which the Government is a party and which relates to any of the departments specified in the Schedule or to any person transferred to the service of the Authority under section 31 continue in force on and after that date and are enforceable by or against the Authority as if the Authority had been named therein or had been a party thereto instead of the Government.