The Welsh Church (Amendment) Act 1938 (1 & 2 Geo.
It amended the Welsh Church Act 1914 to allow the University College of Swansea (now called Swansea University) to be eligible to receive residue from the disestablished Church in Wales in the same way as the three colleges of the University of Wales that had been in existence in 1914.
"[3] As the three university colleges would each receive a fourth of all monies and the National Library of Wales an eighth, the federal University of Wales retained for its own use the remaining eighth.
The Welsh Church (Amendment) Act 1938 received royal assent on 13 July 1938.
[4] To cover the omission of the University College of Swansea (which was not founded until 1920) from receiving portions of the endowments, the Welsh Church (Amendment) Act 1938 was passed specifically to amend section 19(1)(b) of the Welsh Church Act 1914 to include it in the list of colleges of the University of Wales entitled to receive the endowments as well as reducing each individual university college's entitlement to three-sixteenths.