46 The Welsh Fourth Channel Authority.U.K.
(1)The authority called the Welsh Fourth Channel Authority shall continue in existence as a body corporate.
(2)The Welsh Authority shall consist of—
(a)a Chairman appointed by the Secretary of State; and
(b)four other members so appointed.
(3)The Welsh Authority, unless previously dissolved, shall cease to function if and when the IBA cease to function under section 2(1).
(4)Schedule 5 shall have effect with respect to the Welsh Authority.