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(1)The Secretary of State may by order abolish the Pay Board established by the [1973 c. 9.] Counter-Inflation Act 1973 and that order may contain such repeals and amendments in that Act, and such supplementary and transitional provisions, as he thinks necessary or expedient in connection with or in consequence of the abolition of the Board.
(2)The power to make an order under this section shall be exercisable by statutory instrument and no such order shall be made unless a draft of it has been laid before, and approved by resolution of, each House of Parliament.
(3)On the abolition of the Pay Board the references to that Board in Schedules 1 and 3 to the [1957 c. 20.] House of Commons Disqualification Act 1957 shall be omitted.
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