What is the significance of clause (1) of article 374 in this context?
The significance of clause (1) of article 374 in this context is that it provides for the transition and appointment of judges from the Federal Court to the Supreme Court upon the commencement of the Constitution. This includes the Chief Justice and other Judges of the Federal Court who, on such commencement, become the Chief Justice or other Judges of the Supreme Court under clause (1) of article 374. These Judges are entitled to receive special pay as specified in this context while they hold office as the Chief Justice or other Judge of the Supreme Court.