In determining—
the number of the Board’s staff,
the remuneration, allowances and gratuities to be paid to or in respect of the staff, and
the other terms and conditions of service of the staff,
the Board shall act only with the approval of the Secretary of State given with the consent of the Treasury.
The Board shall pay to the Treasury, at such times as the Treasury may direct, such sums as the Treasury may determine in respect of the increase attributable to sub-paragraph (1) above in the sums payable out of money provided by Parliament under that Act.
Where a person employed by the Board—
is, by reference to that employment, a participant in a scheme under section 1 of that Act, and
becomes a member of the Board,
then, with the approval of the Secretary of State given with the consent of the Treasury, the Board may determine that his term of office as a member shall be treated for the purposes of the scheme as employment by the Board (whether or not any benefits are payable to or in respect of him by virtue of paragraph 3(2) above).