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1Appointment as a member of the Committee under section 13(2)(b) or (c) shall be for a period of 3 years, except that initially some appointments may be for shorter and different periods so as to secure that appointments expire at different times.
2A person appointed under section 13(2)(b) or (c) in place of a person who ceased to hold office before the end of the term for which he was appointed shall be appointed for the remainder of that person’s term of office.
3A person appointed under section 13(2)(b) or (c) may resign his office by written notice to the Bank.
4(1)A person who holds office as a member of the Committee under section 13(2)(c) shall be a servant of the Bank.
(2)The terms and conditions of service under sub-paragraph (1) shall be such as the Bank may determine.
(3)The function of determining terms and conditions of service under sub-paragraph (2) shall stand delegated to the sub-committee constituted by section 3.
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