Section 11 Amendment of 9 & 10 Geo. 6. c. 59, s. 41.

Section forty-one of the Coal Industry Nationalisation Act, 1946(which provides for the variation of trusts of property provided outof the miners’ welfare fund) shall have effect as from the appointedday as if the following subsections were substituted for subsections(1) and (2) of that section—

“(1)

Where any trusts subsisting immediately before the first day of July,nineteen hundred and fifty-two, are in force in respect of propertyconsisting—

(a)

of property representing an application of moneys standing to thecredit of the miners’ welfare fund; or

(b)

of property representing such an application and other property heldtherewith where the value of the property representing such applicaionsubstantially exceeds the value of that other property,

and it appearsto the Minister that any variation of those trusts (includingprovisions relating to the appointment or removal of trustees) is expedientin the interests of social welfare activities, he may by order makeprovision for that variation.”

For the purposes of the said section forty-one as amended by this section, any property held on the like trusts as property representing an application of moneys standing to the credit of the miners’ welfare fund shall be deemed to be held with that property notwithstanding that it is vested in different trustees.