Deposit of certificate as securityN.I.
23. The following amendments shall be made in section 50 of the 1970 Act (creation of security by depositing land certificate or certificate of charge):
(a)in paragraph (a) (under which the deposit is subject to registered burdens and other matters appearing from the register to affect the land), omit the first “to” and after “land” insert “at the date of the deposit mentioned below”;
(b)in paragraph (b) (under which the deposit is subject to Schedule 5 burdens affecting the land), after “land” insert “at the date of the deposit mentioned below”.