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Paragraph 4

Original text. Later amendments are not shown.

Loans—

(a)

which are fully secured by mortgage or charge on land (or any interest in land) which—

(i)

is situated in any of the countries specified in paragraph 3 above, and

(ii)

in the case of a loan made to a person other than a body corporate, is not used wholly or mainly for domestic purposes, and

(b)

in relation to which the rate of interest and the due dates for the payment of interest and the repayment of principal can be fully ascertained from the terms of any agreement relating to the loan.