2.

The Scheme shall have effect from the time the Articles are amended to incorporate the instrument of government and the articles of government, and while the College is an institution to which section 129B of the Act applies, with the following modifications—

(a)

after clause 9 there shall be inserted the following clause—

“9A.

Governing Body of College The governing body of the College shall be the Council of Management of the Company and the College (hereinafter referred to as “the Council”) constituted by the instrument of government incorporated in the Articles of Association of the Company.”;

(b)

for clause 10(2) there shall be substituted the following sub-clause—

“(2)

The College shall be conducted in accordance with the articles of government incorporated in the Articles of Association of the Company.”;

(c)

after clause 11 there shall be inserted the following clause—

“11A.

Members of the Council not to be personally interested. Except in special circumstances with the approval in writing of the Commissioners no member of the Council shall receive any remuneration or be interested in the supply of work or goods at the cost of the Charity: provided that this provision shall not operate to prevent the payment of salary or other emoluments to the Principal or Deputy Principal of the College or any Academic Staff Members or Support Staff Members of the Council or the award of any scholarship, grant or other award to a Student Member of the Council.”.