We revisit the well-known Hoyle-Narlikar-Wheeler proposition that neutron star emerging in the magnetic-flux-conserving process of core-collapse supernova can convert the stored energy of Alfven vibrations into power of magneto-dipole radiation. We show that the necessary requirement for the energy conversion is the decay of internal magnetic field. In this case the loss of vibration energy of the star causes its vibration period, equal to period of pulsating emission, to lengthen at a rate proportional to the rate of magnetic field decay. These prediction of the model of vibration powered neutron star are discussed in juxtaposition with data on pulsating emission of magnetars whose radiative activity is generally associated with the decay of ultra strong magnetic field.
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