Article 2 Amendments to the principal Order

(1)

In item 1 of article 3 of, and in article 4A(1) of, the principal Order–

(a)

for “£33” (in all places where references to that amount occur in those provisions) there is substituted “£100”;

(b)

for “£2.50” in those provisions there is substituted “£12.50”; and

(c)

for the words “7½ per cent. on the first £100, 2½ per cent. on the next £400, 1½ per cent. on the next £1,000, 1 per cent. on the next £2,500, ½ per cent. on the next £6,000” in those provisions there are substituted the words “12½ per cent. on the first £100 of the sum due, 4 per cent. on the next £400, 2½ per cent. on the next £1,500, 1 per cent. on the next £8,000”.

(2)

In item 3 of article 3 of the principal Order, for “£2.50” there is substituted “£4.50”, and for “25p” there is substituted “45p”.

(3)

In item 4 of that article, for the words from “5 per cent.” to “for each broker” there are substituted the words “Reasonable fees, charges and expenses of the broker appraising”.

(4)

In item 5A of that article–

(a)

after the words “commission on, sale” there are inserted the words “by auction”;

(b)

for the words from “15 per cent.” to “any additional sum” there are substituted the words “The auctioneer’s commission fee and out-of-pocket expenses (but not exceeding in aggregate 15 per cent. of the sum realised), together with reasonable costs and fees incurred in respect of advertising”; and

(c)

for the words from “Out of pocket” to “the sum realised” there are substituted the words “The auctioneer’s commission fee (but not exceeding 7½ per cent. of the sum realised), together with the out-of-pocket expenses of the auctioneer and reasonable costs and fees incurred in respect of advertising”.

(5)

In item 5B of that article, after the words “proposed sale” there are inserted the words “by auction”.