(1)Sections five and six of the Civil List Act, 1837 (which relate to Civil List pensions) shall continue to apply during the present reign and a period of six months afterwards, but Civil List pensions shall not be granted as chargeable on the sum paid for the Civil List:
Provided that in the said section five the words " five thousand pounds a year " shall be substituted for the words " one thousand two hundred pounds a year " in each place where those words occur, and that in the said section six the words " thirty-first day of March " shall be substituted for the words " twentieth day of June " in each place where those words occur.
(2)The Civil List Audit Act, 1816, and all other enactments relating to the Civil List of the last reign and not hereby superseded or expressly repealed, shall continue to apply to the Civil List under this Act, and nothing in this Act shall affect any rights or powers for the time being exercisable with respect to any of the hereditary revenues which are by this Act directed to be paid into the Exchequer.
(3)The provisions made by this Act shall be in substitution for the provisions made by sections one and two, subsections (1) and (4) of section four, section five, sections seven and eight, section ten, section twelve, and subsections (1) to (4) of section fifteen, of the Civil List Act, 1937, and by the Princess Elizabeth's and Duke of Edinburgh's Annuities Act, 1948; and the enactments mentioned in the Second Schedule to this Act are hereby repealed to the extent specified in the third column of that Schedule.
(4)This Act shall take effect as from the last demise of the Crown, and such adjustments shall be made as appear to the Treasury necessary for giving effect to this subsection. .