4In section 19A—E
(a)for subsection (2) there shall be substituted the following subsection—
“(2)Any such subsidiary shall, subject to the provisions of the scheme, have, with respect to the holding, managing and dealing with such diocesan glebe land as may be specified in the scheme or from time to time held by it, the same powers and duties as the Diocesan Board of Finance has with respect to diocesan glebe land held by the Board.”; and
(b)after subsection (2) there shall be added the following subsection—
“(3)Any such subsidiary may—
(a)with the consent of the Diocesan Board of Finance acquire land to be held as part of the diocesan glebe land of the diocese; and
(b)with the consent of the Diocesan Board of Finance appropriate for use as diocesan glebe land of the diocese any land vested in the subsidiary and any land appropriated under this subsection shall be held by the subsidiary as part of such land.”.