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SCHEDULES

Section 4.

SCHEDULE 2E Amendment of M1Diocesan Stipends Funds Measure 1953

Marginal Citations

1EThe Diocesan Stipends Funds Measure 1953 shall be amended as follows.

2EFor section 1 there shall be substituted the following section—

1 Capital and income accounts of diocesan stipends funds.

The diocesan board of finance of each diocese shall keep two accounts for the diocesan stipends fund, namely, a capital account and income account..

3EIn section 2—

(a)for the words “Commissioners shall after the appointed day” there shall be substituted the words “ diocesan board of finance of each diocese shall ”;

(b)in sub-paragraph (a)—

(i)for the word “each” there shall be substituted the word “ the ”;

(ii)sub-paragraph (i) shall be omitted;

(iii)in sub-paragraph (ii) for the words from “subsection (1) of section 30” to “1949” there shall be substituted the words “ a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme ”;

(iv)in sub-paragraph (iii) for the words from “Commissioners” to “finance” there shall be substituted the words “ diocesan board of finance after consultation with the bishop ”;

(v)in sub-paragraph (iv) for the words from “Commissioners” to “decide” there shall be substituted the words “ diocesan board of finance decides ”;

(c)in paragraph (b)—

(i)for the word “each” there shall be substituted the word “ the ”;

(ii)sub-paragraphs (i) and (iv) shall be omitted;

(iii)in sub-paragraph (ii) for the words from “subsection (1) of section thirty” to “1949” there shall be substituted the words “ a pastoral scheme made under the Pastoral Measure 1983 or any other scheme having effect as if it were such a scheme ”;

(iv)in sub-paragraph (v) for the words from “Commissioners” to “finance” there shall be substituted the words “ diocesan board of finance after consultation with the bishop ”.

4EIn section 4(1)—

(a)for the words from “Commissioners” to “finance” there shall be substituted the words “ diocesan board of finance with the concurrence of the bishop ”;

(b)after paragraph (a) there shall be inserted the following paragraph—

(aa)investment in any subsidiary of the board under a scheme made under section 19A of the Endowments and Glebe Measure 1976;.

5EIn section 5—

(a)in subsection (3) for the words from “directions given” to “functions as” there shall be substituted the words “ recommendations made by ”;

(b)in subsection (4) for the word “Commissioners” there shall be substituted the words “ Archbishops’ Council ”.

Commencement Information

I1Sch. 2 para. 5 not in force at Royal Assent see. s. 22(2); Sch. 2 para. 5(b) in force at (1.1.2001) by Instrument dated 14.12.2000 made by the Archbishops of Canterbury and York

6EIn section 7 for the words from “Commissioners” to the end there shall be substituted the words “ diocesan board of finance of each diocese shall furnish to the Commissioners and the Archbishops’ Council a duly audited copy of the capital account and the income account of the diocesan stipends fund in such form as that Council may prescribe ”.