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Paragraph 4

Section 53 shall have effect as if:—

(a)

in subsection (1), at the beginning there were inserted the words “Subject to subsection (1A) below"; and

(b)

after subsection (1), the following subsection were inserted—

“(1A)

A basic credit approval for the financial year commencing on 1st April 1995 shall be issued as soon as reasonably practicable after 23rd November 1995.”.