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SCHEDULES.

FIRST SCHEDULE

PART IFinancing of certain Expenditure of Central Electricity Board and distribution of burden thereof among electricity undertakers.

6(1)The Central Electricity Board shall, as soon as may be after the beginning of the first accounting period, and not later than one month before the beginning of each subsequent accounting period, prepare and submit to the Electricity Commissioners, in such form as they may determine, an estimate of the payments and expenses of the Board for that accounting period which will fall to be defrayed by the Commissioners, and may subsequently prepare and submit in like manner supplementary estimates of such expenses as aforesaid, and the Commissioners may approve the estimates with or without modifications.

(2)The Board shall not incur any such expenses as aforesaid for any accounting period, except in accordance with the estimates for that period previously approved under this paragraph by the Commissioners :

Provided that the Commissioners may in special circumstances authorise the Board to incur expenses otherwise than in accordance with the said estimates.

(3)In this paragraph the expression " accounting period " means—

(a)the period beginning with the day on which this Act is passed and ending with the thirty-first day of March nineteen hundred and forty;

(b)the financial year ending with the thirty-first day of March nineteen hundred and forty-one or any subsequent financial year.