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(1)The duties of the Church Commissioners (hereinafter referred to as “the Commissioners”)—
(a)under section 1 of the [1 &2 Eliz. 2 No. 2.] Diocesan Stipends Funds Measure 1953 to keep a capital account and an income account for the diocesan stipends fund of a diocese, and
(b)under section 77 of the [1983 No. 1.] Pastoral Measure 1983 to hold a diocesan pastoral account,
are hereby transferred to the diocesan board of finance of the diocese.
(2)The Commissioners shall, on the appointed day, pay to each diocesan board of finance—
(a)an amount equivalent to the balance outstanding on that day to the credit of the capital account,
(b)an amount equivalent to the balance outstanding on that day to the credit of the income account, and
(c)an amount equivalent to the balance outstanding on that day to the credit of the diocesan pastoral account,
for the diocese concerned and those amounts shall be credited to its capital account, its income account or its diocesan pastoral account as the case may be:
Provided that, if there is no balance outstanding on the appointed day to the credit of the income account of a diocese, any amount then outstanding to the debit of the account shall be treated as a debt due to the Commissioners from the diocesan board of finance concerned.
(3)In this section “diocesan board of finance”, “diocesan pastoral account” and “diocesan stipends fund” have the same meanings as in the [1983 No. 1.] Pastoral Measure 1983 and “the appointed day” means the day appointed under section 22(2) below for the coming into force of this section.
The [1 &2 Geo. 6 No. 3.] Parsonages Measure 1938 shall have effect subject to the amendments specified in Schedule 1 to this Measure.
In section 12(10) of the [15 & 16 Geo. 6 and 1 Eliz. 2 c.xxxviii.] City of London (Guild Churches) Act 1952—
(a)for the words “Incumbents (Disability) Measure 1945 and of the Incumbents (Discipline) Measure 1947” there shall be substituted the words “Ecclesiastical Jurisdiction Measure 1963 and of the Incumbents (Vacation of Benefices) Measure 1977”;
(b)for the words “Church Commissioners” there shall be substituted the words “London Diocesan Fund”;
(c)in the proviso for the words “Incumbents (Discipline) Measure 1947” there shall be substituted the words “Ecclesiastical Jurisdiction Measure 1963” and for the words “paragraph (iii) of section 16” there shall be substituted the words “section 71(4)”.
The [1953 No. 2.] Diocesan Stipends Funds Measure 1953 shall have effect subject to the amendments specified in Schedule 2 to this Measure.
The [8 &9 Eliz. 2 No. 1.] Church Property (Miscellaneous Provisions) Measure 1960 shall have effect subject to the amendments specified in Schedule 3 to this Measure.
In section 39 of the [1963 No. 2.] Cathedrals Measure 1963 for the words “Church Commissioners” there shall be substituted the words “diocesan board of finance”.
The Repair of [1972 No. 2.] Benefice Buildings Measure 1972 shall have effect subject to the amendments specified in Schedule 4 to this Measure.
The [1976 No. 4.] Endowments and Glebe Measure 1976 shall have effect subject to the amendments specified in Schedule 5 to this Measure.
In Schedule 2 to the [1977 No. 1.] Incumbents (Vacation of Benefices) Measure 1977—
(a)in paragraph 2(4) for the words “Church Commissioners” there shall be substituted the words “Church of England Pensions Board”;
(b)in paragraph 7 for the words from “agreed” to “and” there shall be substituted the words “determined by”;
(c)in paragraph 8(1) in the definition of “national minimum stipend” the words “Church Commissioners as the” shall be omitted.
The [1983 No. 1.] Pastoral Measure 1983 shall have effect subject to the amendments specified in Schedule 6 to this Measure.
In section 96(2)(b) of the [1993 c. 10.] Charities Act 1993 after the words “Diocesan Board of Finance” there shall be inserted the words “(or any subsidiary thereof)”.