Agricultural Credit Act, 1965

Amendment of section 48 of Act of 1947.

7.—(1) Section 48 of the Act of 1947 is hereby amended by—

(a) the substitution of “two thousand pounds” for “one thousand pounds” (inserted by the Act of 1961), and

(b) the insertion after “any person” of “or to secure the payment to the Corporation of any money liable to be paid by it on foot of a guarantee of the payment of moneys not exceeding in amount two thousand pounds and interest thereon by the personal representative given by the Corporation in respect of the personal representative as such personal representative for any purpose for which the Corporation is entitled to give a guarantee in respect of any person,”.

(2) The amendment effected by paragraph (a) of subsection (1) of this section shall not have effect in respect of charges on land given before the date of the passing of this Act.