The Secretary of State shall continue to apply the income of the Travers Foundation property, after deducting the necessary and proper expenses of management, in granting such pensions to qualified officers, and under such conditions, as Her Majesty may from time to time by Order in Council direct; and all such pensions shall continue to be distinguished as Travers pensions.

Subject to subsection (1) above, the Secretary of State shall apply the income of the Travers Foundation property for the general purposes of the Greenwich Hospital Acts 1865 to 1967.

The M3Greenwich Hospital Acts 1865 to 1967 shall have effect as if the said property were property which vested in the Admiralty by virtue of the Greenwich Hospital Act 1865, and the capital and revenue of the property were capital and revenue of Greenwich Hospital, except that the accounts of the property shall be kept distinct from the general accounts of Greenwich Hospital, and be shown separately in any statement rendered to Parliament under the Greenwich Hospital Acts 1865 to 1967.

The rents and profits of the lands which vested in the Admiralty by virtue of the Greenwich Hospital Act 1865 and the M4Naval Knights of Windsor (Dissolution) Act 1892 shall continue to be paid, either with or without deductions of the necessary and proper expenses of management of those lands, and of other necessary and proper outgoings in respect of them, into the Bank of England to the cash account of Her Majesty’s Paymaster General, who shall carry them to the Greenwich Hospital Income Account and to the account mentioned in subsection (3) above respectively.

In this section—

• “qualified officers” means retired officers of the rank of lieutenant in the F4Royal Navy, or officers of the F4Royal Navy who have retired from the active list of lieutenants with the rank of commander in the F4Royal Navy; and

• “the Travers Foundation property” means the property which was transferred to the Admiralty by the Naval Knights of Windsor (Dissolution) Act 1892 and from them to the Secretary of State by the M5Defence (Transfer of Functions) Act 1964.

This Act may be cited as the Armed Forces Act 1976.

Section 21 above may be cited together with the Greenwich Hospital Acts 1865 to 1967 as the Greenwich Hospital Acts 1865 to 1976.

Except so far as the context otherwise requires, any reference in this Act to any other enactment is a reference to that enactment as amended by or under any subsequent enactment, including an enactment contained in this Act.

Any power to make an order conferred by any provision of this Act shall include power to make an order varying or revoking any order previously made under that provision.

The minor and consequential amendments specified in Schedule 9 to this Act shall have effect.

The enactments specified in Schedule 10 to this Act (which include enactments which were obsolete or unnecessary before the passing of this Act) are repealed to the extent specified in the third column of that Schedule.

The following provisions of this Act shall come into force on the day this Act is passed, namely—

• section 1;

• section 10;

• section 17(1);

• section 20(a);

• section 21;

• subsections (1) to (4) and (7) to (9) of this section;

• subsection (5) of this section so far as it relates to paragraphs 4, 11 and 20(2), (4) and (5) of Schedule 9; and

• subsection (6) of this section so far as it relates to the repeal of the following, namely—

• the M6Naval Knights of Windsor (Dissolution) Act 1892,

• section 1 of the M7Armed Forces Act 1971,

• section 10(4) of the M8House of Commons Disqualification Act 1975, and

• section 5(3) of the M9Northern Ireland Assembly Disqualification Act 1975.

Subject to subsection (7) above, this Act shall come into force on such day as the Secretary of State may by order made by statutory instrument appoint.