PART IIACQUISITION OF ELECTRICITY UNDERTAKINGS.

Vesting of Assets.

19Subsequent transfer of property from one Electricity Board to another.

1

The Minister may, whether on the application of any of the Electricity Boards concerned or without any such application, provide by order—

a

for the transfer to any Electricity Board of any property, rights, liabilities and obligations vested by virtue of this Act in another such Board;

b

for the modification of agreements so far as necessary for giving effect to the transfer of rights, liabilities and obligations thereunder from one such Board to another and, in a case where part only of the rights, liabilities and obligations under any agreement are transferred, for substituting for the agreement separate agreements in the requisite terms, and for any apportionments and indemnities consequent thereon;

c

for the purpose of transferring part of the land comprised in any lease vested in any such Board to another such Board, for the severance of that lease, and for apportionments and indemnities consequent thereon;

d

for such other financial adjustments between the Boards concerned as may be required in consequence of any such order, and for any other matters supplementary to or consequential on the matters aforesaid for which provision appears to the Minister to be necessary or expedient:

Provided that the Minister shall consult the Central Authority before making any such order.

2

An order made under this section which affects the North of Scotland Board shall be made by the Minister and the Secretary of State jointly, and they shall consult that Board before making any such order.