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4—Every annuity constituting a charge by a charging order duly recorded in the General Register of Sasines or registered in the Land Register, as the case may be, shall be a charge on the premises specified in the order and shall have priority over—
(a)all future burdens and incumbrances on the same premises, and
(b)all existing burdens and incumbrances thereon except—
(i)feuduties, teinds, ground annuals, stipends and standard charges in lieu of stipends;
(ii)any charges created or arising under any provision of the [1897 c. 38.] Public Health (Scotland) Act 1897 or any Act amending that Act, or any local Act authorising a charge for recovery of expenses incurred by a local authority, or under this Schedule; and
(iii)any charge created under any Act authorising advances of public money.
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