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8(1)The provisions of this paragraph shall have effect as regards Chapter I or Chapter II landlords who are ecclesiastical landlords; and in this paragraph “ecclesiastical landlord” means—
(a)a capitular body within the meaning of the [1963 No. 2.] Cathedrals Measure 1963 having an interest as landlord in property, or
(b)a diocesan board of finance having an interest as landlord in property belonging to the board as diocesan glebe land.
(2)In relation to an interest of an ecclesiastical landlord, the consent of the Church Commissioners shall be required to sanction—
(a)the provisions to be contained in a conveyance in accordance with section 34 and Schedule 7, or in any lease granted under section 56, and the price or premium payable, except as regards matters determined by the court or a leasehold valuation tribunal;
(b)any exercise of the ecclesiastical landlord’s rights under section 61, except as aforesaid, and any agreement for the payment of compensation to a tenant in conformity with paragraph 5 of Schedule 14 without an application having been made under that section; and
(c)any grant of a lease in pursuance of section 93(4);
and the Church Commissioners shall be entitled to appear and be heard in any proceedings under this Part to which an ecclesiastical landlord is a party or in which he is entitled to appear and be heard.
(3)Where a capitular body has an interest in property which forms part of the endowment of a cathedral church—
(a)any sum payable to that body by way of—
(i)the price payable for any interest in the property on its acquisition in pursuance of Chapter I, or
(ii)a premium on the grant of a new lease under Chapter II or section 93(4),
shall be treated as part of that endowment; and
(b)the powers conferred by sections 21 and 23 of the [1963 No. 2.] Cathedrals Measure 1963 in relation to the investment in the acquisition of land of money forming part of the endowment of a cathedral church shall extend to the application of any such money in the payment of compensation as mentioned in paragraph 5(2)(b) above.
(4)In the case of a diocesan board of finance—
(a)no consent or concurrence other than that of the Church Commissioners under sub-paragraph (2) above shall be required to a disposition under this Part of the interest of the diocesan board of finance in property (including a grant of a new lease in pursuance of section 93(4));
(b)any sum payable to the diocesan board of finance by way of—
(i)the price payable for any interest in property on its acquisition in pursuance of Chapter I, or
(ii)a premium on the grant of a new lease of property under Chapter II or section 93(4),
shall be paid to the Church Commissioners to be applied for purposes for which the proceeds of any such disposition of property by agreement would be applicable under any enactment or Measure authorising such a disposition or disposing of the proceeds of such a disposition; and
(c)any sum required for the payment of compensation as mentioned in paragraph 5(2)(b) above may be paid by the Church Commissioners on behalf of the diocesan board of finance out of any money held by them.
(5)In this paragraph “diocesan board of finance” and “diocesan glebe land” have the same meaning as in the [1976 No. 4.] Endowments and Glebe Measure 1976.
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