S C H E D U L E S
Schedule
1. In this Scheme—
‘The Auditors’ means, in relation to a particular Investment Fund or Deposit Fund, the persons appointed by the Central Board to audit the accounts of that Fund, or if no persons have been specially so appointed, the auditors of the Central Board;
‘The Central Board’ means the Central Board of Finance of the Church of England and includes, unless the context otherwise requires, any body substituted for the Central Board pursuant to paragraph 17 hereof;
‘The commencement date’ means, as regards any particular Investment Fund or Deposit Fund, the date fixed by the Central Board as the date on which such Investment Fund or Deposit Fund is to commence operating;
‘Contributing Fund’ means, in relation to a particular Investment Fund, a fund assets of which have been contributed to and have not subsequently been wholly withdrawn from that Investment Fund;
‘Diocesan Authority’ has the meaning ascribed thereto in the Measure;
‘The Holder of a fund’ means the following persons and bodies, namely:—
‘The Holder of a Share’ means, in relation to any Share in an Investment Fund, the person or body in whose name such Share is recorded in the books of the Central Board;
‘Investment Fund’ means the Investment Fund constituted by this Scheme or any Investment Fund which may hereafter be constituted under the powers contained in this Scheme, and ‘Deposit Fund’ means the Deposit Fund constituted by this Scheme or any Deposit Fund which may hereafter be constituted under the powers contained in this Scheme;
‘The Measure’ means the Church Funds Investment Measure, 1957, to which this Scheme is Scheduled;
‘Trust instrument’ has the meaning ascribed thereto in the Measure;
‘Valuation date’ means, as regards any Investment Fund, a date on which a valuation of that Investment Fund is made in accordance with this Scheme.
Investment Funds
2 Constitution of Investment Funds.
(1) There is hereby...