6.—(1) In section 113 of the Consumer Credit Act 1974 [1974 c. 39] (that Act not to be evaded by use of security) in subsection (7)—
(a)after the word “indemnity”, in both places where it occurs, there shall be inserted “ or guarantee ”;
(b)after the words “minor, or” there shall be inserted “ an indemnity is given in a case where he ”; and
(c)for the word “they” there shall be substituted “ those obligations ”.
(2) The Infants Relief Act 1874 [1874 c. 62] and the Betting and Loans (Infants) Act 1892 [1892 c. 4] are hereby repealed (in accordance with Article 3).