§ 1. Charges on the common fund of the Ecclesiastical Commissioners made before passing of this Act by way of grant or provision for any ecclesiastical purposes in the Church in Wales, not being charges in respect of the property mentioned in Part I. of this Schedule and not being Welsh ecclesiastical property within the meaning of this Act.
§ 2. The average amount granted by the Ecclesiastical Commissioners out of the annual appropriations from the surplus income of their common fund during the seven years ending the thirty-first day of October, nineteen hundred and twelve, by way of augmentation or Endowment of benefices or towards the stipends of assistant clergy in Wales and Monmouthshire.