(1) The Property Commission may appoint, on such terms and conditions as it may, with the approval of the Secretary of State given with the consent of the Treasury, determine, such officers as it thinks fit.
(2) Without prejudice to sub-paragraph (1) above, in the case of such of its officers or former officers as the Secretary of State may, with the consent of the Treasury, determine—
(a) there may be paid such pensions, allowances or gratuities to or in respect of those officers; or
(b) there may be made such payments towards provision of such pensions, allowances or gratuities; or
(c) there may be provided and maintained such schemes (whether contributory or not) for the payment of such pensions, allowances or gratuities,
as the Secretary of State may, with such consent, determine.
(3) The reference in sub-paragraph (2) above to pensions, allowances or gratuities in respect of officers of the Property Commission includes a reference to pensions, allowances or gratuities by way of compensation to or in respect of any such officer who suffers loss of office or employment or loss or diminution of emoluments.