in subsection (2) for the words " section 8(1)(b) or (d) or (dd) of the Friendly Societies Act 1896 " there shall be substituted the words " any of paragraphs (2), (4) and (5) of Schedule 1 to the Friendly Societies Act 1974 ", and for the words " section 8(1)(a) of the Friendly Societies Act 1896" there shall be substituted the words " paragraph (1) of the said Schedule 1 ";

in subsection (5)(b), for the words " 1896 " there shall be substituted the words " 1974 " and for the words " that Act or provision as it applies" there shall be substituted the words " the corresponding enactment or provision for the time being in force ".