And whereas the secondly and thirdly recited Acts contain Provisions under which all Lands, Tithes, Tenements, and other Hereditaments and Endowments (except any Right of Patronage) belonging to any Prebend not residentiary in any Cathedral or Collegiate Church in England become from Time to Time, as Vacancies occur in such Prebends, vested in the said Ecclesiastical Commissioners for England for the Purposes in the same Acts specified, and the same Acts contain Provisions for enabling the said Commissioners, with the Sanction of Her Majesty in Council, in manner by the same Acts specified, to make any Arrangements, with the Consent in Writing of the Holder of any such Prebend, for substituting in any Case any Money Payment for any such Lands, Tithes, Tenements, or Hereditaments, but every Prebend which is permanently annexed to any Bishoprick, Archdeaconry, Professorship, or Scholarship, or to any School or to the Mastership thereof, are exempted from the Operation of all the said Provisions : And whereas it is expedient that the last-mentioned of the said Provisions relating to the Substitution of a Money Payment for any Lands, Tithes, Tenements, or Hereditaments should be extended to the Prebends so exempted as aforesaid, with a view to enabling the said Commissioners to make the Tithes or other Property belonging thereto more conducive to the Spiritual Welfare of the several Parishes or Places dependent thereon or connected therewith: Be it therefore enacted, That it shall be lawful, by the Authority in the secondly and thirdly recited Acts provided, with the Consent in Writing of the Patron of the Dignity or Office to which the same is annexed, to make any Arrangement for vesting in the said Ecclesiastical Commissioners for England all or any of the Lands, Tithes, Tenements, and Hereditaments or other Endowments of the same Prebend, and to substitute for the same any just and reasonable Money Payment to such Holder, and all future perpetual annual Payments to his Successors in the same Dignity or Office as shall be deemed by the like Authority to be fit and proper,

and also, with the Consent in Writing under the Hand of such last-mentioned Patron, to make any Arrangement which shall be deemed fit as to the future Exercise of the Patronage of any Benefice with Cure of Souls now held by the Holder of such Prebend for the Time being as such Holder; but that no such Alterations shall take any Effect during the Time that the present Holder of such Prebend shall hold the same, except with the Consent in Writing thereto under the Hand of such present Holder.