The power conferred by paragraph 14 of the Fourth Schedule to the [23 & 24 Geo. 5. c. 12.] Children and Young Persons Act, 1933, or by paragraph 14 of the Second Schedule to the [1 Edw. 8. & 1 Geo. 6. c. 37.] Children and Young Persons (Scotland) Act, 1937, on the managers of an approved school to pay or contribute towards the payment of superannuation allowances or gratuities to or to the dependants of certain officers, shall be construed as including power to pay or contribute towards the payment of such allowances or gratuities in the case of persons who cease to be officers in the service of the school in order to enter into pensionable employment of a class referred to in subsection (2) of section two of this Act, or to pay or contribute towards the payment of transfer values or other similar payments in respect of those persons, and the reference in the proviso to each of the said paragraphs to payments or contributions in respect of any superannuation allowance or gratuity shall be construed as including a reference to payments or contributions under this section, arid the powers to make rules conferred by those provisos shall be extended accordingly.