SCHEDULEMODIFICATIONS TO CERTAIN PROVISIONS OF PART IV OF THE 1989 ACT
5
Schedule 3 shall have effect as if:—
a
paragraphs 1 to 9 were omitted;
b
in paragraph 10(1), for the words “1st April 1990” there were substituted the words “1st February 1995”;
c
after paragraph 10(1) the following sub-paragraph were inserted—
1A
Subject to the provisions of paragraphs 11, 12, 13 and 14 below, the Residuary Body’s credit ceiling on 1st February 1995 shall be nil.
d
in paragraphs 11, 12, 13 and 14, for the words “1st April 1990” wherever they appear, there were substituted the words “1st February 1995”; and
e
in paragraph 15—
i
in sub-paragraph (1), after the word “sub-paragraphs”, there were inserted the word “(1A),”, and after the word “principal” there were inserted the words “(“principal amount”)”; and
ii
after sub-paragraph (1) the following sub-paragraph were inserted—
1A
For the financial years beginning on 1st April 1994 and 1st April 1995 the Residuary Body’s principal amount shall be nil.