Clause 20

Section 162(1) of the Companies Act is amended by deleting paragraph (b) and substituting the following paragraph:“(b)to provide a loan to such a director who is engaged in the full-time employment of the company or of a corporation that is deemed to be related to the company, as the case may be, for the purpose of purchasing or otherwise acquiring a home occupied or to be occupied by the director, except that not more than one such loan may be outstanding from the director at any time;”.