30(1)Notwithstanding the repeal by this Act of section 46 of the M1Electricity Act 1947, it shall be the duty of the Electricity Council, the Generating Board and each Area Board to prepare statements of accounts in accordance with that section in respect of each financial year ending before the transfer date, and that section shall continue to apply during the transitional period in relation to those statements and the auditing of those statements.E+W+S
(2)Notwithstanding the repeal by this Act of section 10 of the M2Electricity Act 1957, it shall be the duty of each Area Board, the Generating Board and the Electricity Council—
(a)to make a report to the Secretary of State in accordance with that section in respect of each financial year ending before the transfer date; and
(b)in the case of each Area Board and the Generating Board, to send a copy of the report, as soon as it is so made, to the Electricity Council.
(3)Notwithstanding the repeal by this Act of section 11 of that Act, it shall be the duty of the Electricity Council to prepare consolidated statements of accounts in accordance with that section in respect of each financial year ending before the transfer date, and that section shall continue to apply during the transitional period in relation to those statements and the auditing of those statements.
(4)Any expenses incurred by the Electricity Council, the Generating Board or an Area Board under this paragraph shall be met by the appropriate successor company.