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9.—(1) The chairman or vice-chairman of charter trustees shall, unless he ceases to be one of their number, hold office until immediately after the relevant election at the next annual meeting; and in this paragraph “the relevant election” means the election mentioned in regulation 8(2) above.
(2) On a casual vacancy occurring in the office of chairman or vice-chairman of charter trustees, the charter trustees shall, as soon as practicable, meet for the election of one of their number to such office and any person so elected shall (unless he ceases to be one of their number) hold office until the time specified in paragraph (1) above and shall then retire.
(3) Charter trustees may pay their chairman for the purpose of enabling him to meet the expenses of his office such allowance as they think reasonable.
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