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Amendment of section 48 of Act of 1947.
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5.—(1) Section 48 of the Act of 1947 (as amended by section 7 of the Act of 1965) is hereby amended by the substitution of “ten thousand pounds” for “two thousand pounds” in each place where it occurs and the said section 48, as so amended, is set out in the Table to this section.
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48.—A personal representative of a deceased person shall be entitled to mortgage or charge the land of the said deceased person, by way of priority charge or otherwise, to secure the repayment to the Corporation of an advance, not exceeding ten thousand pounds and interest thereon, made to him as such personal representative for any purpose for which the Corporation is entitled to make an advance to any person 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 ten 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, and any such mortgage or charge so given or made by such personal representative shall be deemed to have been given or made in due course and for the purpose of administering the estate of the said deceased person.
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