in paragraph (b) thereof the words “section one hundred and three of the M1Bankruptcy (Scotland) Act, 1856, or of” and the proviso shall be omitted, and for the words “a memorandum in the form provided by the said section forty-four of the said Act of 1913, as amended by this Act, which memorandum being so recorded shall have the effect of a memorandum recorded in terms of the said section forty-four as amended as aforesaid” there shall be substituted the words “a memorandum in the form provided by Schedule 0 to this Act”; and

in paragraph (c) thereof there shall be inserted after the words “in such register” the words “or have recorded a memorandum in such register in terms of paragraph (b) of this subsection”.