(1)There shall be a body corporate, with perpetual succession and a common seal, known as the Trustees of the British Museum (Natural History) and hereafter in this Act referred to as " the Natural History Trustees ", which from the commencement of this Act shall have the general management and control of the British Museum (Natural History); and on that commencement the functions with respect to that Museum of the Trustees of the British Museum shall cease.
(2)The Natural History Trustees shall consist of twelve persons appointed as follows, that is to say—
(a)eight appointed by the Prime Minister;
(b)one appointed by the Treasury on the nomination of the President of the Royal Society; and
(c)three appointed by the Natural History Trustees.
(3)Sections 2 to 7 of this Act and the First Schedule thereto shall apply in relation to the British Museum (Natural History) and the Trustees thereof as they apply in relation to the British Museum and the Trustees thereof, but with the following adaptations, that is to say—
(a)section 4 shall apply as if, after the words " may lend for public exhibition " there were inserted the words " or research ";
(b)the First Schedule shall apply as if in paragraph 4 (which specifies the quorum at meetings) the word " four " were substituted for the word " six ".
(4)The Second Schedule to this Act shall have effect in relation to transitional matters arising in consequence of the enactment of this section.