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4.—(1) The following rule shall be substituted for Rule 239:
239.—(1) Where:
(a)a notice of deposit; or
(b)a notice of intended deposit,
of the land certi fi cate or of a charge certi fi cate has been entered on the register prior to 3rd April 1995, such notice shall, whilst it remains uncancelled, operate as a caution under section 54 of the Act.
(2) The provisions of section 66 of the Act, and of these rules, as respects the deposit of a charge certi fi cate, shall apply to the deposit of a certificate of subcharge in like manner.”
(2) In rule 166(1), the words “and may be used to create a lien by deposit” shall be deleted.
(3) In Form 73 in the Schedule to the 1925 Rules the words “No lien shall be created by deposit of the land certificate.” shall be deleted.
(4) Rules 240 to 243 are revoked.
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