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Amendment of section 29 of Principal Act.
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8.—Section 29 of the Principal Act is hereby amended by—
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(a) the substitution of “twenty-five thousand pounds in value” for “five thousand pounds in value” in subsection (2), and
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(b) the substitution of the following subsection for subsection (4):
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“(4) Where—
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(a) a scheme for the application of a charitable gift has been framed by order of a Court, and
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(b) circumstances exist in relation to the scheme, being circumstances whose existence in relation to a charitable gift would enable the property comprised in the gift to be applied cy-près, and
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(c) the charitable gift does not exceed twenty-five thousand pounds in value,
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the Board, if they think fit, may, for the application cy-près of the property comprised in the charitable gift, by order revoke the scheme and frame, in lieu thereof, a new scheme or revoke the scheme in part or otherwise amend the scheme.”.
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