58.— (1) In this Part—

“broadcasting licence” means a licence granted under section 59;

“sound broadcasting contract” means a contract entered into under section 63;

F120[…]

(2) Any contract in respect of broadcasting entered into under an enactment repealed by section 3 by the BCI with another person which is in force immediately before the passing of this Act continues in force as if made under the corresponding provision of this Part and has effect accordingly.