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(1)Where, by or under the Electricity Act, 1947, or any Act passed during the present Session providing for the establishing of public ownership of the gas industry, any undertaking theretofore carried on by a local authority is transferred to any other body, the authority may enter into an agreement with the body for the performance by the authority, as agent for the body, for such period as may be specified in the agreement, of such of the functions of the body as may be so specified.
(2)No agreement shall be made for the performance of functions by a local authority under this section for a period ending later than twelve months after the transfer of the undertaking in question except with the approval—
(a)in the case of an undertaking in the North of Scotland District transferred by or under the Electricity Act, 1947, of the Secretary of State ; or
(b)in any other case, of both the Minister or, as the case may be, the Secretary of State and the Minister .of Fuel and Power.
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