SCHEDULES

SCHEDULE 7 Other amendments of 1986 Act

Directors etc. not to accept commissions in connection with loans

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1

In subsection (1) of section 67 of the 1986 Act (directors etc. not to accept commissions in connection with loans), for the word “advances” there shall be substituted the word “ loans ”.

2

In subsection (5) of that section, for the words “an additional advance”, “an advance” and “the advance” there shall be substituted the words “ an additional loan ”, “ a loan ” and “ the loan ” respectively.

3

In subsection (7) of that section, for the words “an advance” there shall be substituted the words “ a loan ”.