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(1)After the cessation date or, where there is more than one cessation date, the last such date, the Commissioners shall, from time to time and, in any event, not less than once a year, make payments to the Archbishops' Council of amounts equal to the total of the sums which would have been paid by way of guaranteed annuities and the payments mentioned in section 2(1) and (2) above at the date of the passing of sections 1 and 2 above if those sections had not been passed, less any sums which continue to be payable under section 1 above.
(2)The Archbishops' Council shall, from time to time and, in any event, not less than once a year, make payments to the income accounts of the diocesan stipends funds of amounts equal to the total of the sums received by the Council from the Commissioners under subsection (1) above.
(3)The payments made by the Archbishops' Council under subsection (2) above shall be allocated amongst the dioceses in such manner as the Archbishops' Council shall, after consulting the Commissioners, determine and in a way which is consistent with the requirements of section 67 of the Ecclesiastical Commissioners Act 1840 (3 & 4 Vict. c.113) relating to the making of additional provision for the cure of souls in parishes where such assistance is most required.
(4)Any diocese which receives payments under subsection (3) above shall apply or distribute the sums received only for the purposes mentioned in section 5(1)(a) of the Diocesan Stipends Funds Measure 1953 (1953 No. 2) and in a way which is consistent with the requirements of the said section 67.
(5)As soon as practicable after the end of each year the Archbishops' Council shall cause a certificate to be issued to the Commissioners to the effect that the allocation of the sums paid to the Council under subsection (1) above has been in accordance with the requirements of subsection (3) above.
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