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Amendment of section 21 of the Act of 1947.
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12.—Subsection (1) of section 21 of the Act of 1947 is hereby amended by—
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(a) the deletion in paragraph (a) of the definition of “the mortgagor” of “who is a farmer”,
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(b) the substitution for the definition of “recognised borrower” of the following definition, namely:
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“‘recognised borrower’ means any person to whom money may be lent or advanced or who may be provided with other credit facilities by a recognised lender or who gives or agrees to give security to a recognised lender for the payment of moneys by himself or any other person;”,
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and
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(c) the insertion in the definition of “stock” after paragraph (c) of the following paragraph.
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“(cc) insects and fish of every kind, the progeny and produce of such insects and fish, and trees (whether growing on or severed from the land),”.
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