1 Preparation and confirmation of schemes with respect to endowments and property of sees and stipends of bishops.
(1) In the case of any see, the Church Commissioners (hereafter in this Measure referred to as “the Commissioners”), after consultation with the bishop and the diocesan board of finance, may, with the consent of His Majesty, prepare and submit to His Majesty in Council for confirmation a scheme for—
(a) vesting in the Commissioners for the purposes of this Measure all endowments and other property belonging to, or held in trust for, the see or the bishop; and
(b) securing to the bishop by way of a charge on their general fund such reduced stipend as the Commissioners deem appropriate:
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S. 1(1) Proviso repealed (22.7.2004) by Statute Law (Repeals) Act 2004 (c. 14), Sch. 1 Pt. 6 Group 2(1)
Words substituted by virtue of Church Commissioners Measure 1947 (No. 2), s. 18(2)
(2) An Order in Council confirming a scheme shall be published in the London Gazette and, upon such publication, the scheme shall come into operation and shall have the force of law.