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34In Schedule 3 (The Scottish Solicitors' Guarantee Fund)—
(a)in paragraph 1—
(i)after sub-paragraph (2) there shall be inserted the following sub-paragraphs—
“(2A)Sub-paragraphs (1) and (2) do not apply to solicitors who are directors of incorporated practices.
(2B)Subject to the provisions of this Act, there shall be paid to the Society on behalf of the Guarantee Fund by every incorporated practice in respect of each year during which, or part of which, it is recognised under section 34(1A) a contribution (hereafter referred to as an "annual corporate contribution ") in accordance with the scale of such contributions referred to in sub-paragraph (3).”
(ii)in sub-paragraph (3) there shall be inserted at the end the words "and the scale of the annual corporate contributions to be so paid, which scale shall be fixed by reference to factors which shall include the number of solicitors who are directors or employees of each of the incorporated practices to which the scale relates.
(iii)in sub-paragraph (4) after the word " solicitor " there shall be inserted the words " and no annual corporate contribution by an incorporated practice ";
(iv)in sub-paragraph (5) for the words " a special", where secondly occurring, there shall be substituted the words " upon every incorporated practice a contribution (hereafter referred to as a " special corporate contribution ") in accordance with a scale of such contributions fixed by the Council as under sub-paragraph (3), and a special or special corporate " ;
(v)in paragraph 1(8) after the word " solicitors" there shall be inserted the words " or of an incorporated practice ";
(b)in paragraph 3(2), after the word " solicitors ", where first occurring, there shall be inserted the words " and incorporated practices " and after that word, where secondly occurring, there shall be inserted the words " or incorporated practice or practices ";
(c)in paragraph 4(2) after the word " employee " there shall be inserted the words " or the incorporated practice in question or its employee ".
(d)in paragraph 5(2) after the word "solicitor'' there shall be inserted the words " or incorporated practice ".
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