5.—(1) If at any time it appears to the Executive Council that the removal from office of all or any of the members of the Board is necessary in the interests of the effective and economical performance of the functions of the Board under this Act the Executive Council may remove from office all or so many of the members of the Board as the Executive Council considers necessary in the interests aforesaid.

(2) The Executive Council may at any time remove from office any member of the Board who has become incapable through ill-health of performing efficiently his duties as such member or who has (otherwise than for a reason considered by the Executive Council to be sufficient) been absent from all meetings of the Board during a period of six months.

(3) If and whenever the Executive Council removes from office under this section any member of the Board, the Executive Council shall lay before each House of the Oireachtas a statement in writing of the fact of the removal from office of such member and of the reasons for such removal.