The Secretary of State shall lay before each House of Parliament a statement of the remuneration and allowances that are or will be payable to members of the Corporation under paragraph 1 above; and, if any subsequent determination by the Secretary of State under that paragraph involves any departure from the terms of that statement or if a determination by the Secretary of State under that paragraph relates to the payment of, or to payments towards the provision of, a pension to or in respect of any member of the Corporation, the Secretary of State shall, as soon as possible after the determination, lay a statement thereof before each House of Parliament.

The Corporation may, subject to any limit of numbers which may be determined by the Secretary of State, employ such officers and servants as appear to the Corporation expedient for the exercise of its functions.

Where any officer or servant of the Corporation, being a participant in any pension scheme applicable to his office or employment, becomes a member of the Corporation, he may be treated for the purposes of the pension scheme as if his service as a member of the Corporation were service as an officer or servant of the Corporation, and his rights under the scheme shall not be affected by any provision of this Act which requires that the pensions to be paid, or payments towards the provision of pensions to be made, in the case of members of the Corporation shall be determined by the Secretary of State with the approval of F2the Treasury.

The procedure of the Corporation (including quorum) shall be such as it may determine.

No act of the Corporation shall be invalid by reason only of any vacancy among the members or any defect in the appointment of a member.

In this Schedule “pension”, in relation to a person, means a pension, whether contributory or not, of any kind whatsoever payable to or in respect of him, and includes a gratuity so payable and a return of contributions, with or without interest thereon or any other addition thereto.