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Extension of time limit on giving of guarantees under Part III of Act of 1952.
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2.—(1) section 21 of the Act of 1952 (which relates to the time limit on the giving of guarantees under Part III of that Act) is hereby amended by the substitution of “ten years from the passing of this Act” for “five years from the passing of this Act”.
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(2) Subsection (1) of this section shall be deemed to have come into operation on the 3rd day of July, 1957, and, accordingly, anything which was effected on or after that day and before the passing of this Act and which purported to be in pursuance of any provision contained in Part III of the Act of 1952 shall be deemed to be and always to have been valid and proper and shall be regarded as having been effected in pursuance of that provision.
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