Tenure
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4The Chairman or another member of the Authority may be removed from office by the Secretary of State on the grounds that—
(a)a bankruptcy order has been made against him, his estate has been sequestrated or he has made a composition or arrangement with, or granted a trust deed for, his creditors, or
(b)the Secretary of State, having consulted the Mayor of London, thinks that the Chairman or other member is unable, unfit or unwilling to discharge the functions of his office.