(1)The Electricity Council may require any of the Electricity Boards in England and Wales from time to time to contribute such sums as the Council, with the approval of the Minister, may determine, towards meeting the expenses of the Council; and every Electricity Board shall comply with any requirement of the Electricity Council under this subsection.
(2)Without prejudice to the generality of the preceding subsection, the expenses referred to in that subsection shall be taken to include the satisfaction of any obligations of the Electricity Council in respect of—
(a)compensation to members and officers of the Central Authority;
(b)payments under Part V of the Local Government Act, 1948, for the benefit of local authorities ;
(c)income tax or the profits tax ;
(d)payments to local authorities in pursuance of section twenty-three of this Act.