The Treasury shall from time to time appoint an auditor to audit the accounts of any fund or trust administered by the Board, F1and also the accounts of any moneys received by the Board from the Commissioners under section 17(2) of this Measure, and the auditor shall be paid such remuneration by the Board and hold office for such period, as the Treasury may direct.

The auditor so appointed shall audit the said accounts at such times, and make reports to the Church Assembly upon the accounts audited by him in such form, as the Treasury may direct.

The Board shall present annually to the Church Assembly a report with respect to any such fund or property as aforesaid.

On the thirty-first day of December, nineteen hundred and sixty-four, and F2thereafter at intervals not exceeding five years, there shall be a valuation of the Clergy (Widows and Dependants) Pensions Fund by an actuary, . . . F3