2Functions of the Trustees
(1)For the purpose of exercising their functions under the governing enactments the Board may—
(a)enter into contracts and other agreements (including agreements for their occupation or management of land), and
(b)acquire and dispose of land and other property,
but this subsection is without prejudice to the powers of the Board under those enactments.
(2)The Board shall not acquire or dispose of land without the consent of the Lord President of the Council.
(3)If the Board are satisfied that to do so would not conflict unduly with their functions under the governing enactments they may allow premises owned, occupied or managed by them to be used by other persons (for payment or otherwise) for purposes not connected with those functions.
(4)In this section “the governing enactments” means the 1934 Act and section 1 of this Act.