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3(1)The Board shall pay to its members such remuneration and allowances as the Secretary of State may determine.
(2)The Board may make such payments towards the provision of pensions to or in respect of its members as the Secretary of State may determine.
(3)If the Secretary of State determines that there are special circumstances which make it right that a person ceasing to hold office as a member of the Board should receive compensation, he may direct the Board to make to that person a payment of such amount as the Secretary of State may determine.
(4)The Secretary of State shall not make any determination under this paragraph without the approval of the Treasury.
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