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(1)The Minister shall, with the approval of the Treasury, require the Electricity Council to make to any person holding office as a member of the Central Authority immediately before that Authority ceases to exist, being a person who suffers loss of employment or loss or diminution of emoluments or pension rights or whose position is worsened in consequence of the dissolution of the Central Authority, payment of such compensation for loss of office as the Minister may, with the approval of the Treasury, determine.
(2)The Minister shall by regulations require the Electricity Council to pay, in such cases and to such extent as may be specified in the regulations, compensation to officers of the Central Authority or any Area Board who suffer loss of employment or loss or diminution of emoluments or pension rights or whose position is worsened in consequence of this Act.
(3)Subject to the next following subsection, the provisions of subsections (3) to (6) and subsection (8) of section fifty-five of the principal Act (which relates to the payment of compensation to officers of electricity undertakings transferred under that Act) shall apply to any regulations made under this section as if those regulations had been made under subsection (1) of the said section fifty-five, and as if, in subsection (4) of that section, the reference to an Electricity Board included a reference to the Electricity Council.
(4)Where any regulations made under subsection (2) of this section provide for appeals to be brought as mentioned in paragraph (b) of subsection (5) of the said section fifty-five, the regulations shall make provision—
(a)for enabling any party to such an appeal, who is aggrieved by the decision of the referee or board of referees on the appeal as being erroneous in point of law, to require the referee or board to state a case for the decision of the High Court, and
(b)for requiring the decision of a referee or board of referees on such an appeal to be modified, where requisite, so as to conform with the decision in any proceedings in the High Court on a case stated in accordance with the preceding paragraph, or in any proceedings arising from any such proceedings;
and a decision of the High Court on a case stated in accordance with paragraph (a) of this subsection shall be treated as a judgment of that court for the purposes of section twenty-seven of the Supreme Court of Judicature (Consolidation) Act, 1925 (which relates to the jurisdiction of the Court of Appeal to hear and determine appeals from any judgment of the High Court).
(5)So much of subsection (5) of the said section fifty-five as provides that the decision of the referee or board of referees shall be final shall have effect, in relation to appeals brought by virtue of this section, subject to the provisions of the last preceding subsection and of any regulations made in accordance therewith.
(6)The power to make regulations under this section shall be exercisable by statutory instrument; and no regulations shall be made under this section unless a draft of the regulations has been laid before Parliament and has been approved by a resolution of each House of Parliament.
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