Commentary on Sections and Schedules Functions under section 1 of the Civil List Act 1972
145.Paragraph 6 provides that sections 1(3) to (7) of the 1972 Act (which allow adjustments between the civil list and the civil list reserve) continue to have effect until any necessary adjustments have been completed.
146.Paragraph 7 provides that any property held by the Royal Trustees will form part of the new Reserve Fund.