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F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)Subsections (2) and (4) of section 47A of that Act (method of calculation of value of life interest of surviving spouse) shall cease to have effect.
(3)The following subsections shall be inserted after subsection (3) of that section:—
“(3A)The capital value shall be reckoned in such manner as the Lord Chancellor may by order direct, and an order under this subsection may include transitional provisions.
(3B)The power to make orders under subsection (3A) above shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament; and any such order may be varied or revoked by a subsequent order made under the power.”.
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