Part I Transfer of certain functions of Church Commissioners
1 Diocesan accounts.
1
The duties of the Church Commissioners (hereinafter referred to as “the Commissioners”)—
a
under section 1 of the M1Diocesan 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 M2Pastoral 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 M3Pastoral Measure 1983 and “the appointed day” means the day appointed under section 22(2) below for the coming into force of this section.