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5. Where an application for the consent of the Board to the making of an election is made before 1st April 1983 in respect of a gas banking scheme under which gas was first transferred in the chargeable period ending 31st December 1982 and an election is subsequently made (or it is to be assumed for the purposes of Regulation 8 of the Principal Regulations that an election will be made) by the participators in the relevant fields in the manner prescribed by Regulation 6 of the Principal Regulations that the modifications should apply in the case of the scheme, Regulation 3 of those Regulations shall apply in the case of the scheme as it was before amendment by these Regulations for the chargeable period ending 31st December 1982 only.
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