This Order designates Associated British Ports (A.B. Ports) as the harbour authority for the Port of Teignmouth in place of Teignmouth Quay Company Limited and transfers the undertaking of that company, as well as its statutory and other powers and duties, to A.B. Ports. Provision is made for byelaws and contracts made or entered into by Teignmouth Quay Company Limited to remain in force as if they had been made or entered into by A.B. Ports and for legal and other proceedings to be carried on by or in relation to A.B. Ports.