SCHEDULES

SCHEDULE 5 Amendment of Endowments and Glebe Measure 1976

2

In section 11—

a

in subsection (2) the words “, on or after the appointed day” shall be omitted and for the words “Commissioners” there shall be substituted the words “ Diocesan Board of Finance of the appropriate diocese ”;

b

in subsection (3) after the word “Commissioners” there shall be inserted the words “ and any Diocesan Board of Finance qualified to benefit from the trust in question ”;

c

for subsection (5) there shall be substituted the following subsection—

5

The Diocesan Board of Finance shall allocate to the capital account of its diocesan stipends fund any property which is transferred to it under subsection (2) above.