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8(1)In section 5 of the [1934 c. 43.] National Maritime Museum Act 1934, in subsection (1) (which provides for a Director to be appointed by the Treasury on such terms and conditions as the Treasury may direct) for the words “by the Treasury” and “as the Treasury may direct” there shall be substituted respectively the words “by the Board with the approval of the Prime Minister” and “as the Board may determine subject to such conditions as the Lord President of the Council may impose with the consent of the Treasury”.
(2)In subsection (2) of that section (which requires Treasury consent as to number and conditions of service of officers and servants and provides for the payment of such salaries or remuneration as the Treasury may determine)—
(a)the words from “subject to the consent” to “conditions of service” shall be omitted; and
(b)for the words “as the Treasury may determine” there shall be substituted the words “as the Board may determine subject to such conditions as the Lord President of the Council may impose with the consent of the Treasury”.
(3)In section 6 of that Act (financial provisions)—
(a)subsections (1), (3) and (4) shall cease to have effect; and
(b)in subsection (2) (disposal of money received by the Board)—
(i)for the words from “and such” to “by them” there shall be substituted the words “may be invested by the Board”; and
(ii)for the words from “or, with” to “otherwise” there shall be substituted the words “or otherwise”.
(4)In Schedule 2 to that Act (constitution and proceedings of the Board) for the word “Treasury” wherever occurring in paragraphs 1 and 3 there shall be substituted the words “Prime Minister”.
(5)Nothing in any amendment made by this paragraph shall affect the validity of any appointment, direction, consent or determination made or given (or having effect as if made or given) under any provision of section 5 of, or Schedule 2 to, that Act by the Treasury before the coming into force of the amendment.
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