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The
First Schedule
(See
sections 34 and 36)
Arrangements
in Respect of Controlled Stations
Part
I – Assumption of Control
1. (1) The Board shall be notice in writing to the licensee
fix a date (here-after in this Schedule referred to as the
date of control), being the first day of a year of account
of the licensee, and from such date the licensee shall,
except where prevented by cause beyond his control, be under
obligation -
(a) subject to such directions as the Board may from time
to time give him, to keep the station at all times in good
and substantial repair and condition and ready for use,
together with adequate staff for operating, maintaining
and controlling the station, and not to make any substantial
alterations or renewals in, or remove any essential or substantial
part of, the station without the consent in writing of the
Board;
(b) to operate the station so as to generate such quantity
of electricity with such units of plant at such rates of
output and at such times, or to cease to generate electricity
during such periods, as the Board may direct;
(c) to carry out as soon as may be practicable such reasonable
extensions, alterations or renewals of the station or any
part thereof as the Board may from time to time direct;
(d) to supply to the Board all the electricity generated
at the station.
2. To enable a licensee to comply with any direction under
sub-paragraph (1) requiring extension of the station or
any part thereof for purposes of the Board, the Board may,
if it considers it expedient and practicable so to do, offer
to advance to him a loan upon such terms and conditions
as it may deem proper and the licensee 1[may
accept the loan from the Board on the terms and conditions
offered or may raise a loan from other sources or employ
his own funds for the purpose of such extension] :
Provided that notwithstanding anything contained in any
law or in any mortgage, charge or instrument executed by
the licensee, the loan so advanced by the Board and the
interest thereon shall be a first charge on the extension
and subject to any prior encumbrance shall also be charged
on the undertaking and all the revenues of the licensee
and no such loan shall be amortised in any way by the licensee.
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1
Subs. by Act 101 of 1956, s. 24, for certain words. |
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