Section 27 Rules etc. made by Council.

Rules made by the Council under sections 8, 11, 12, 13, 14 or 19 of this Act, the statement drawn up by the Council under section 10 of this Act or any revision of that statement made by the Council under that section shall not come into operation until approved by order of the F1Treasury.

The Treasury may approve rules made under section 19 of this Act either as submitted to F2them or subject to such modifications as they think fit; but where the Treasurypropose to approve any such rules subject to modifications they shall notify the modifications to the Council and consider any observations of the Council thereon.

The Treasury may, after consulting the Council, by order vary or revoke any rules made under sections 8, 11 or 12 of this Act or revise the statement under section 10 of this Act.