(1)Subject to section 4(4), the objects of the Agency shall be to make, out of the levy—
(a)such payments to, or for the benefit of, makers of British films as are authorised or required to be made by regulations made under section 6;
(b)with the approval of the Secretary of State, payments to the Children’s Film Foundation Limited;
(c)with the approval of the Secretary of State, payments to the British Film Institute towards the cost of making films; and
(d)with the approval of the Secretary of State, payments to not more than one relevant body for the time being approved for the purposes of this paragraph by the Secretary of State.
(2)In paragraph (d) of subsection (1) “relevant body” means a body incorporated on or after 29th May 1970 and having among its objects the carrying on of a school in Great Britain for the training of persons employed or to be employed in the making of films.
(3)Before giving his approval to a payment under paragraph (b), (c) or (d) of subsection (1), the Secretary of State shall consult the Cinematograph Films Council.