(1)The Hotel Proprietors Act 1956 (c. 62) (which makes provision for the making good of loss or damage to a guest’s property by hotel proprietors) shall have effect in the area of a borough council as if—
(a)in section 2(3) for “fifty pounds” there were substituted “£750” and for “one hundred pounds” there were substituted “£1,500”; and
(b)in paragraph (b) of the Schedule for “£50” there were substituted “£750” and for “£100” there were substituted “£1,500”.
(2)The Secretary of State may, by regulations, alter the amounts mentioned in the said section 2(3) and paragraph (b) as amended by subsection (1) above.
(3)Regulations under this section may have effect only in relation to the area of a borough council.