§ As from the date of Disestablishment, any liability or power of the Ecclesiastical Commissioners or Queen Anne's Bounty to make payments for any ecclesiastical purpose in or connected with the Church in Wales shall cease:—
§ Provided that—
- (a) they shall continue to make such payments as are required for the purpose of preserving any existing interests; and
- (b) nothing in this Act shall prevent them from carrying into effect any contract made before the passing of this Act for the sale or purchase of any property affected by this Act or otherwise in relation to any such property, or from making any payments which under this Act they are required or authorised to make; and
- (c) it shall be lawful for the Ecclesiastical Commissioners and Queen Anne's Bounty, if they think fit, within one year after the date of Disestablishment, to transfer to the representative body the whole or any part of the property specified in Part I. and Part II. respectively of the Third Schedule to this Act, and for the Ecclesiastical Commissioners to charge their common fund and Queen Anne's Bounty to charge the Royal Bounty Fund with the payment to the representative body of perpetual annuities not exceeding, in the case of the Ecclesiastical Commissioners, the annual value of the property mentioned in Part III. of the Third Schedule to this Act, and, in the case of Queen Anne's Bounty, the annual value of the property mentioned in Part IV. of that schedule, subject to the payment thereout by the representative body of such sums as may be required for
1946 preserving existing interests in any such property.
§ Government Amendments made: In paragraph (c), leave out the words "and Queen Anne's Bounty to charge the Royal Bounty Fund." Leave out the words "perpetual annuities," and insert instead thereof, "a perpetual annuity." Leave out the words "in the case of the Ecclesiastical Commissioners."
§ In paragraph (c), leave out the words "and in the case of Queen Anne's Bounty, the annual value of the property mentioned in Part IV. of that Schedule."
§ After paragraph (c), add the following new paragraph:—
§ "(d) it shall be lawful for the Ecclesiastical Commissioners and Queen Anne's Bounty in any year after the date of the Disestablishment to pay to the representative body such sum (if any) as they think fit, so however that in the case of the Ecclesiastical Commissioners the sum paid in any year shall not exceed the sum mentioned in Part IV. of the Third Schedule to this Act."