Paragraph 12

After rule 144 insert the following rule—

“Charge by a charity

144A

The statement required by section 39(1) of the Charities Act 1993 shall, in a mortgage which is a registrable disposition, be in one of the following forms:

(a)

“The land charged is held by [(proprietors) in trust for] (charity), an exempt charity.”

(b)

“The land charged is held by [(proprietors) in trust for] (charity), a non-exempt charity, but this charge (or mortgage) is one falling within section 38(5) of the Charities Act 1993.”

(c)

“The land charged is held by [(proprietors) in trust for] (charity), a non-exempt charity, and this charge (or mortgage) is not one falling within section 38(5) of the Charities Act 1993, so the restrictions imposed by section 38 of that Act apply.””