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Every statute passed by the University by virtue of this Act shall with all convenient speed after the passing thereof be laid before Her Majesty in Council, and forthwith published in the London Gazette; and any person or body corporate affected thereby may within a month after the publication thereof petition Her Majesty in Council against the same or any part thereof; and every such petition shall be referred by Her Majesty by Order in Council for the consideration and advice of five members of her Privy Council, of whom two, not including the Lord President, shall be members of the Judicial Committee; and such five members may, if they think fit, admit any petitioner to be heard by counsel in support of his petition; and if, no such petition having been presented, or if, after any petition so presented has been referred and considered, such five members of the Privy Council, or the major part thereof, shall report to Her Majesty their opinion that such statute should be approved with or without modifications, the said statute or modified statute shall be forthwith laid before both Houses of Parliament, if Parliament be then sitting, or, if not, then within three weeks after the commencement of the then next ensuing session of Parliament, and, unless an address be within forty days presented by one or other of the said Houses, praying Her Majesty to withhold her consent from such statute or modified statute, or any part thereof, it shall be lawful for Her Majesty, if she think fit, to declare by Order in Council her approbation of the statute or modified statute; and the same shall thereupon become a statute of the University of Oxford, notwithstanding any Act of Parliament, decree or order, deed or instrument of foundation or endowment; and if the statute or any part thereof is not so approved by Her Majesty, the University may frame and pass another statute in the matter, and so on from time to time as often as occasion requires.
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