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5.—(1) The Residuary Body shall pay to its members such remuneration, and such allowances, as the Secretary of State may determine.
(2) The Residuary Body may—
(a)pay such pensions, allowances or gratuities as the Secretary of State may determine to or in respect of any persons who have been or are its members; and
(b)make such payments as the Secretary of State may determine towards provision for the payment of pensions, allowances or gratuities to or in respect of any such persons.
(3) If, when a person ceases to be a member of the Residuary Body, the Secretary of State determines that there are special circumstances which make it appropriate that that member should receive compensation, the Residuary Body shall pay to him as compensation such amount as the Secretary of State may determine.
(4) The approval of the Treasury shall be required for any determination of the Secretary of State under this article.
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