The First Schedule
 
 

         (a) the station shall, notwithstanding that it has been permanently closed down, be deemed to remain a controlled station in operation but to be such a station which has ceased to generate electricity for one thousand  hours or more during each year of account : 

         (b) clause (a) of paragraph IX shall be construed as if the following were substituted therefor, namely : - 

        “(a) the maximum capacity of the station, that us to say, the maximum capacity (expressed in kilowatts available for supply to feeders) of such plant and works appertaining to the generation of electricity at the date of closing down as would have been available for reliable and regular commercial operation on the first day of each month, had the station not been closed down under Part III and had no replacement of any major item of such plant or works been carried out;”; 

          (c) clause (a) of paragraph IX shall be construed as if the following were substituted therefor, namely : - 

         "(a) there shall be ascertained in respect of the year of account shall annual charges by way of interest and depreciation attributable to the assets purchased by the Board under Part III as would have resulted from the application of clauses (e) and (f) of paragraph I of the Eight Schedule had those assets remained in the ownership of the licensee;”; 

            (d) clause (b) of paragraph XII shall be construed as if the reference therein to clauses (b), (c) and (d) of paragraph I of the Eight Schedule were omitted; 

 (e) there shall be added to the sum payable by the licensee to the Board under clause (a) of paragraph XIII in each month of the year of account a sum equal to one-twelfth of the amount calculated from the expression, 
"A X B where ----- 
      C: 

    A = that part of the scheduled overhead charges payable by the licensee to the Board in respect of the most recent year of account during which the station did not cease to generate electricity for one thousand hours or more, which relates to the items referred to in clauses (b), (c) and (d) of paragraph I of the Eighth Schedule; 

    B = the sum of the scheduled effective capacities for each month of the year of account; 

    C = the sum of the scheduled effective capacities for each month of the most recent year of account as aforesaid. 

PART IV. – Purchase by Board of controlled station not to be closed  down 

     XIX. Where in respect of any month notified by the Board (and hereinafter in this Schedule referred to as the relevant month), the scheduled effective capacity of the station is computed under paragraph X to be less than one-half of the actual effective capacity of station, the Board may give to the licensee six month’s notice in writing that on the first day of the year of account next following the date of expiration of such notice the station will be purchased by the Board. 

      XX. Notwithstanding anything contained in paragraph X, in computing the scheduled effective capacity for purposes of paragraph XIX there shall be left out of account all such units of plant and works as would not reasonably have been required by the licensee for purposes other than supply to the Board had the station not been a controlled station.