The first reservation is of Research Councils within the meaning of the 1965 Act.  The reservation covers the establishment of and appointments to Research Councils, the functions, powers and duties of such bodies, and the provision of expenses and funds for distribution by them.
The subject-matter of section 5 of the Act is reserved so far as it relates to Research Councils.  This reservation reserves to United Kingdom Ministers the power to fund scientific research through the Research Councils.
TABLE OF RESERVED MATTERS Head C: Trade and Industry Details of Provisions