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SCHEDULES

SCHEDULE 1DEVELOPMENT CORPORATIONS

Remuneration, etc. of members

4.—(1) A development corporation shall pay to its members such remuneration and allowances as the Office may determine.

(2) If –

(a)a person ceases to be a member or ceases to be the chairman or deputy chairman of the corporation; and

(b)it appears to the Office that there are special circumstances which make it right that he should receive compensation,

the Office may direct the corporation to make a payment of such amount as the Office may determine.

(3) A determination of the Office under this paragraph requires the approval of the Department of Finance and Personnel.