Sections 75 and 81, as incorporated with F4section 87 of the M1Land Drainage Act 1976 or with any other enactment applicable to a relevant authority within the meaning of section 2 of this Act, shall not apply to an automatic charge.

In section 82, as so incorporated, the reference to a mortgage deed shall be construed as including a reference to an agreement to which section 2 of this Act applies.

In the following provisions, that is to say, sections 8 . . . F1 any reference to that Act shall include a reference to section 2 of this Act.

In section 11 the reference to such security as is required by that Act shall be construed as including a reference to any automatic charge.

Section 12 shall not apply to a loan secured by an automatic charge.

Section 19 shall, in relation to an automatic charge, have effect as if any reference to the date of the mortgage included a reference to the date of the making of the relevant agreement and as if any reference to interest mentioned in the mortgage included a reference to interest mentioned in the agreement.

In section 38 the reference to any security previously given to the Loan Commissioners, and in sections 46 and 50 any reference to a security made or granted under that Act, shall include a reference to an automatic charge in their favour.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3