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Section 4.

SCHEDULE 2 Amendment of [1953 No. 2.] Diocesan Stipends Funds Measure 1953

1 The Diocesan Stipends Funds Measure 1953 shall be amended as follows.

2 For section 1 there shall be substituted the following section—

“1 Capital and income accounts of diocesan stipends funds

The diocesan board of finance of each diocese shall keep two accounts for the diocesan stipends fund, namely, a capital account and income account.”.

3 In section 2—

(a) for the words “Commissioners shall after the appointed day” there shall be substituted the words “diocesan board of finance of each diocese shall”;

(b) in sub-paragraph (a)—

(i) for the word “each” there shall be substituted the word “the”;

(ii) sub-paragraph (i) shall be omitted;

(iii) in sub-paragraph (ii) for the words from “subsection (1) of section 30” to “1949” there shall be substituted the words “a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme”;

(iv) in sub-paragraph (iii) for the words from “Commissioners” to “finance” there shall be substituted the words “diocesan board of finance after consultation with the bishop”;

(v) in sub-paragraph (iv) for the words from “Commissioners” to “decide” there shall be substituted the words “diocesan board of finance decides”;

(c) in paragraph (b)—

(i) for the word “each” there shall be substituted the word “the”;

(ii) sub-paragraphs (i) and (iv) shall be omitted;

(iii) in sub-paragraph (ii) for the words from “subsection (1) of section thirty” to “1949” there shall be substituted the words “a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme”;

(iv) in sub-paragraph (v) for the words from “Commissioners” to “finance” there shall be substituted the words “diocesan board of finance after consultation with the bishop”.

4 In section 4(1)—

(a) for the words from “Commissioners” to “finance” there shall be substituted the words “diocesan board of finance with the concurrence of the bishop”;

(b) after paragraph (a) there shall be inserted the following paragraph—

“(aa) investment in any subsidiary of the board under a scheme made under section 19A of the Endowments and Glebe Measure 1976;”.

5 In section 5—

(a) in subsection (3) for the words from “directions given” to “functions as” there shall be substituted the words “recommendations made by”;

(b) in subsection (4) for the word “Commissioners” there shall be substituted the words “Archbishops' Council”.

6 In section 7 for the words from “Commissioners” to the end there shall be substituted the words “diocesan board of finance of each diocese shall furnish to the Commissioners and the Archbishops' Council a duly audited copy of the capital account and the income account of the diocesan stipends fund in such form as that Council may prescribe”.

Section 5.

SCHEDULE 3 Amendment of Church Property (Miscellaneous Provisions) Measure 1960

1 The [8 &9 Eliz. 2. No. 1.] Church Property (Miscellaneous Provisions) Measure 1960 shall be amended as follows.

2 In section 7(3) for the words from “paid to” to “them” there shall be substituted the words “paid to the parsonages board or (if designated as such under section 1(1) of the Repair of Benefice Buildings Measure 1972) the diocesan board of finance (hereinafter in this Measure referred to as “the board”) of the diocese concerned and shall be applied by it” and for the words “between the Commissioners” there shall be substituted the words “between the board”.

3 In section 8—

(a) in subsection (2) after the words “Measure, the Commissioners” there shall be inserted the words “or a board” and after the words “benefice, the Commissioners” there shall be inserted the words “, the board”;

(b) in subsection (3) after the words “or by” there shall be inserted the words “a board,” and after the words “section, the Commissioners,” there shall be inserted the words “the board”.

4 In section 9—

(a) in subsection (1) the words “the Commissioners” and “diocesan dilapidations” shall be omitted;

(b) in subsection (3) for the word “Commissioners” there shall be substituted the word “board”.

5 In section 10 for the words from “, the Commissioners” to the end there shall be substituted the words “and the board”.

6 In section 11—

(a) in subsection (1) the words from “and (b)” to “benefice” and the words “the Commissioners” shall be omitted and for the words “diocesan dilapidations board” there shall be substituted the word “board”;

(b) in subsection (2) for the word “Commissioners” there shall be substituted the word “board”.

7 In section 17 for the word “Commissioners” there shall be substituted the words “Archbishops' Council”.

8 In section 25(2) for the words “diocesan dilapidations board” there shall be substituted the word “board”.

9 In section 27 for the word “Commissioners” there shall be substituted the word “board”.