SCHEDULE 1 - MATTERS RELATING TO
REGULATED TRANSACTIONS
79. Paragraph 1 of this schedule regulates the application
of money received by the Parsonages Board from the sale or exchange
of a house of residence. It broadly reflects the existing provisions
in the Parsonages Measure 1938 as to the application of the proceeds
of sale of parsonage houses. After deducting charges and expenses,
the net proceeds received by the Parsonages Board are applied
firstly to the exercise of any of its powers in section 6, with
priority being given to the housing requirements of the office
whose holder occupied the house that has been sold. Any surplus
is then applied to the capital account of the diocesan stipends
fund and/or the diocesan pastoral account, as the DBF may determine.
80. Paragraph 2 deals with certain formalities relating
to regulated transactions.
81. No matters were raised before the Revision Committee
or the Synod in relation to this schedule.
SCHEDULE 2 - AMENDMENT OF ENACTMENTS
82. This schedule contains the amendments referred
to in section 11(4).
83. No matters were raised before the Revision Committee
or the Synod in relation to this schedule.
SCHEDULE 3 - REPEALS
84. This schedule contains the repeals referred to
in section 12.
85. No matters were raised before the Revision Committee
or the Synod in relation to this schedule.