(1) The Board shall be a local authority within the meaning of section 2(1) of the Local Authorities (Members' Interests) Act 1968, and the directors shall be deemed to be the members of the Board for the purposes of that Act.
(2) Schedule 1 to the Local Authorities (Members' Interests) Act 1968 is accordingly amended by inserting in Part 2, in its appropriate alphabetical order, the following item:
The board of directors of the Queen Elizabeth the Second National Trust 1977 No 102—The Queen Elizabeth the Second National Trust Act 1977.