Clause 30

by deleting the word “Whenever” in the 1st line of subsection (1) and substituting the words “Subject to subsection (3), whenever”; and

by inserting, immediately after subsection (2), the following subsection:“(3) Notwithstanding subsection (1), where a certificate of approval has been issued under section 14A of the Banking Act (Cap. 19) effecting a bank merger, the Registrar shall, upon application in an approved form by the bank issued with the certificate of approval and accompanied by such evidence as the Registrar considers sufficient, enter in the land-register a note of the vesting of the mortgages transferred to that bank under the provisions of the Fifth Schedule to the Banking Act.”.