(1)There shall be an Authority, to be called the United Kingdom Atomic Energy Authority (hereafter in this Act referred to as " the Authority "), who shall, as from the appointed day, exercise and perform the functions assigned to them by this Act.
(2)The Authority shall consist of a chairman and not less than seven nor more than ten other members.
(3)All the members of the Authority shall be appointed by the Lord President of the Council and of those members—
(a)three shall be appointed from amongst persons appearing to the Lord President of the Council to be persons who have had wide experience of, and shown capacity in dealing with, problems associated with atomic energy; and
(b)one shall be appointed from amongst persons appearing to the Lord President of the Council to have had wide experience of, and shown capacity in, administration and finance; and
(c)one shall be appointed from amongst persons appearing to the Lord President of the Council to have had wide experience of, and shown capacity in, the organisation of workers.
(4)Every member of the Authority shall hold and vacate his office in accordance with the terms of his appointment, and shall, on ceasing to be a member, be eligible for re-appointment; but any member may at any time by notice in writing to the Lord President of the Council resign his office.
(5)A person shall be disqualified for being appointed or being a member of the Authority so long as he is a member of the Commons House of Parliament.
(6)The Authority—
(a)shall pay to each of their members, in respect of his office as such, such remuneration (whether by way of salary or fees) and such allowances as the Lord President of the Council may, with the approval of the Treasury, determine in the case of those members respectively; and
(b)in the case of such members as the Lord President of the Council may, with the approval of the Treasury, determine, shall pay such pensions or make such payments towards the provision of pensions to or in respect of those members as he may, with the approval of the Treasury, determine in the case of those members respectively.
(7)If any member of the Authority, other than the chairman thereof, is employed about the affairs of the Authority otherwise than as a member thereof, the Authority shall pay to that member such remuneration, if any, (in addition to any remuneration to which he may be entitled in respect of his office as a member) as the Lord President of the Council may, with the approval of the Treasury, determine.
(8)The Lord President of the Council shall, as soon as possible after the passing of this Act, lay before each House of Parliament a statement of the remuneration and allowances that are or will be payable to the members of the Authority under this section; and, if any subsequent determination by him under this section involves any departure from the terms of the said statement or if a determination by him under this section relates to the payment of, or to payments towards the provision of, a pension to or in respect of any member of the Authority, the Lord President of the Council shall, as soon as possible after the determination, lay a statement thereof before each House of Parliament.
(9)The provisions of the First Schedule to this Act (which relate to the procedure of and other similar matters concerning the Authority) shall have effect with respect to the Authority.