5 Priority of charges for securing further advances. E+W+S+N.I.
The following subsection shall be inserted at the end of section thirty of the M1Land Registration Act, 1925, namely:—
“(3)Where the proprietor of a charge is under an obligation, noted on the register, to make a further advance, a subsequent registered charge shall take effect subject to any further advance made pursuant to the obligation.”
Modifications etc. (not altering text)