Greenwich Hospital Act 1865

44 Sale of Advowsons to be arranged similar to those contained in 26 & 27 Vict. c.120.

The Admiralty shall sell and convey the Advowsons of and Rights of Presentation to the Benefices and Perpetual Curacies belonging to Greenwich Hospital, discharged from the Provisions of any Act of Parliament relative thereto other than this Act, and subject and according to the Provisions of a Scheme to be prepared by the Admiralty with the Advice and Assistance of the Ecclesiastical Commissioners for England, and to be approved by Her Majesty in Council, the Arrangements made by such Scheme to be as nearly as Circumstances admit similar to the Arrangements contained in The Lord Chancellor's Augmentation Act (1863), subject to the following Provisions :

(1) One Moiety of the Purchase Money received on any such Sale shall be applied to the Creation and Maintenance of a Fund for the Benefit of Retired Naval Chaplains, the Mode of Creation and Maintenance of the Fund and the Application thereof to be from Time to Time determined by Order in Council:

(2) The other Moiety of the Purchase Money shall be applied to the Augmentation of the Income of any of the said Benefices and Perpetual Curacies in manner prescribed by any such Scheme :

The Draft of any such Scheme shall be laid before both Houses of Parliament One Month at least before the Scheme is submitted for the Approval of Her Majesty in Council.