In all cases where there are or shall be entailer’s or other debts or sums of money which might lawfully be made chargeable, by adjudication or otherwise, upon the fee of an entailed estate, the heir of entail in possession of such estate for the time being shall have all the like powers of charging the fee and rents of such estate, or any portion thereof, other than the mansion house, offices, and policies thereof, with the full amount of such debts or sums of money, and of granting, with the authority of the Court of Session, bonds and dispositions in security for the full amount of such debts and sums of money, as by the M1Entail Amendment Act, 1848, and the M2Entail Amendment Act, 1853, are conferred with reference to provisions to younger children; and such bonds and dispositions in security may be granted in favour of any parties in the right of such debts or sums of money at the date when such bonds and dispositions in security are executed.