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SCHEDULES

FIRST SCHEDULEN.I.TERM OF OFFICE, MEETINGS AND PROCEDURE OF THE TRUSTEES

N.I.Term of Office

1N.I.Subject to the provisions of Article 2 of this Schedule, every member of the Trustees shall, unless he sooner dies, resigns, or becomes disqualified, hold his office as such member for the term of ten years to be reckoned—

Sub-para.(a) rep. by SLR 1976

(b)F1 from the expiration of the term of office of his predecessor.

F1SLR 1976

2N.I.A member of the Trustees appointed to fill a casual vacancy in the membership of the Trustees shall, unless he sooner dies, resigns or becomes disqualified, hold office for the residue of the term for which the member, whose death, resignation or disqualification occasioned the vacancy, would have held office if he had not died, resigned, or become disqualified.

3N.I.A member of the Trustees may at any time resign his office as such member by letter addressed to the secretary of the Trustees, and every such resignation shall take effect at the commencement of the meeting of the Trustees commencing next after the receipt of such resignation by the Trustees.

4N.I.A member of the Trustees shall become disqualified for office as such member upon the happening of any of the following events, that is to say:—

(a)the absence of such member from four consecutive ordinary meetings of the Trustees;

(b)the ceasing of such member to have the qualifications required by this Act for membership of the Trustees.

5N.I.Every member of the Trustees shall, on the cessation of his membership by lapse of time, be eligible for re-appointment.