(1)On the appointed day any provision made by virtue of section 7 of the M1Repair of Benefice Buildings Measure 1972 (provision for requiring incumbents to pay annual sums in respect of the cost of repairs to glebe buildings and for crediting such sums to benefice account) in a scheme under that Measure shall cease to have effect.
(2)The aggregate of any sums which at the appointed day stand to the credit of any account for a benefice kept by a Parsonages Board in accordance with any such provision shall—
(a)if the Diocesan Board of Finance for the diocese to which the benefice belongs is the Parsonages Board for that diocese, be credited to the diocesan glebe land income account kept by the Diocesan Board of Finance in accordance with section 26(1)(a) of this Measure; and
(b)in any other case, be paid by the Parsonages Board to the Diocesan Board of Finance for the diocese to which the benefice belongs not later than twenty-eight days after the appointed day and be credited to the said account.
(3)The aggregate of the sums apportioned under section 18(1) of the said Measure of 1972 to glebe buildings belonging to benefices in a diocese and held by the Commissioners at the appointed day shall be paid by the Commissioners to the Diocesan Board of Finance for the diocese, and the amount so paid shall be credited to the account mentioned in paragraph (a) of subsection (2) above.
Marginal Citations