This is the original version (as it was originally enacted).
6In section 107 (educational endowments applicable in part to non-educational purposes)—
(a)in subsection (1), for the words " within the meaning of this Part of this Act" there shall be substituted the words " to which the powers conferred by section 105 of this Act extend ";
(b)in subsection (2)—
(i)for the words " Secretary of State " there shall be substituted the words " education authority having power to exercise, in relation to that endowment, the functions conferred by section 105 of this Act "; and
(ii)for paragraphs (ii) to (iv) there shall be substituted the following paragraph—
“(ii)the purposes of such part of the endowment have become obsolete or useless.”;
(c)in subsection (3)—
(i)for the words " Secretary of State", where first occurring, there shall be substituted the words " education authority "; and
(ii)for the words "such number of years as the Secretary of State shall determine " there shall be substituted the words " the five most recent years for which accounts are available "; and
(d)in subsections (5), (6) and (7), for the words " Secretary of of State ", wherever occurring, there shall be substituted the words " education authority ".
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