Paragraph 5
(1)
The Department may by order make such modifications as it thinks fit in any trust deed or other instrument—
(a)
relating to or regulating the college; or
(b)
relating to any land or other property held by any person for the purposes of the college.
(2)
Before making any modifications under sub-paragraph (1) of any trust deed or other instrument, the Department shall, so far as it appears to the Department practicable to do so, consult—
(a)
the governing body;
(b)
where any other person is empowered, by whatever means, to modify the trust deed or instrument, that person; and
(c)
where the instrument to be modified is a trust deed and the trustees are different from the persons mentioned in head (a) or (b), the trustees.