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3. The Board shall—
(a)pay to its members such remuneration and allowances (if any),
(b)as regards any member or former member in whose case the Secretary of State may so determine, pay such pension, allowance or gratuity to or in respect of him, or make such payments towards the provision of such pension, allowance or gratuity,
(c)as regards a person who ceases to be a member in whose case it appears to the Secretary of State that there are special circumstances which make it right that he should receive compensation, pay to that person a sum of such amount,
as the Secretary of State may with the approval of the Treasury determine.
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