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Extension of section 16 of Irish Church Act, 1869, to the commutation of annuities payable to diocesan schoolmasters.
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3. The provisions of section sixteen of the principal Act, authorising the Commissioners, with the consent of the Church body, to cause the value of the life annuity of any clerk, sexton, or officer of the said Church to be estimated and paid to such annuitant, or to such annuitant and the Church body in such proportions as they shall agree, shall be deemed to extend and shall extend and authorise the Commissioners, with the consent of the said Church body, to cause the present value of the annuity payable to each schoolmaster of any diocesan or district school in Ireland, as ascertained and declared by order of the Commissioners under the provisions of the said section, to be estimated, and to pay the same to such schoolmaster or to such schoolmaster and Church body in such proportions as they shall agree.
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