Paragraph 15

In section 133 (the amount to be secured) —

(a)

in subsection (1) —

(i)

omit the words “leave outstanding, or” and omit the comma after the word “him”, and

(ii)

for the references to the landlord substitute references to the freeholder;

(b)

in subsection (2), omit the words “leave outstanding or”;

(c)

for subsection (4) substitute —

“(4)

Where the amount which a secure tenant is entitled to have advanced to him by the freeholder on the security of the dwelling-house is reduced by the limit imposed by this section, the freeholder may, if it thinks fit and the tenant agrees, treat him as entitled to have advanced on that security such amount exceeding the limit, but not exceeding the aggregate mentioned in subsection (1), as the freeholder may determine.”; and

(d)

in subsection (5), omit the words “leave outstanding or”.