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Amendment of section 58 (security for future advances, how to be charged) of Principal Act.
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202.—(1) Section 58 of the Principal Act is amended—
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(a) in subsection (2) by the substitution of “£200,000” for “£20,000” in each place where it occurs, and
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(b) by the substitution of “€254,000” for “£200,000” (being inserted by paragraph (a) of this subsection) in each place where it occurs.
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(2) (a) Subsection (1)(a) shall apply and have effect in relation to instruments executed on or after 26 January 2001.
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(b) Subsection (1)(b) shall apply and have effect in relation to instruments executed on or after 1 January 2002.
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