5. Amendment of section 8 of the principal enactment

Section 8 of the principal enactment is hereby amended by the repeal of subsection (1) thereof and the substitution therefor of the following subsection :—

“(1) The Minister may, if he considers it expedient to do so remove by Order published in the Gazette, any member of the Board appointed under paragraph (b) of subsection (1) of section 6, for reasons assigned :

Provided however a member appointed under sub-paragraph (iv) of paragraph (b), may be removed only with the concurrence of the Minister in charge of the subject of Finance.”.