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Section 28 Power to Board of Trade to suspend such alteration, if applied to by two fifths dissentients.C1

If any members of the institution, being not less than two fifths in number, consider that the proposition so carried is calculated to prove injurious to the institution, they may, within three months after the confirmation thereof, make application in writing to the Lords of the Committee of her Majesty’s Privy Council for Trade and Foreign Plantations who, at their discretion, shall entertain the application, and if, after due inquiry, they shall decide that the proposition is then calculated to prove injurious to the institution, the same shall not be then carried into effect; but such decision shall not prevent the members of such institution from reconsidering the same proposition on a future occasion.

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C1

Functions of Lords of the Committee of H.M. Privy Council now exercisable by Secretary of State concurrently with Board of Trade: S.I. 1970/1537, art. 2(1)(a)