SCHEDULE 5 Provisions as to security, etc., of loans
Sections 19(1), 43(4) and (6), 45(2) and 46(3).
1 The loan shall be secured by a heritable security over the land in favour of the Secretary of State.
2 The loan shall either be repaid by half-yearly instalments of principal with such interest and within such period (not exceeding such period as may be fixed by the Treasury) from the date of the loan, or at such date thereafter not exceeding 18 months as may be agreed on, or shall be repaid with such interest and within such period by a terminable annuity payable by half-yearly instalments.
3 The amount for the time being unpaid may at any time be discharged, and any such terminable annuity may at any time be redeemed in accordance with tables fixed by the Secretary of State.
4 A certificate by the Secretary of State that the whole of the loan has been repaid or that such terminable annuity has been redeemed shall, without any other instrument, operate as a discharge of the loan or extinction of the terminable annuity, as the case may be, and the recording of such certificate in the Register of Sasines or the registration of the certificate in the Land Register of Scotland shall be equivalent to the recording or the registration of a discharge of the said heritable security.
5 The Secretary of State shall cause to be prepared and duly recorded all documents necessary for securing the payment of any loan over land made by him, and shall include in the loan the cost so incurred, or to be incurred, in accordance with scales set forth in tables fixed by the Secretary of State.
Section 63(1).
1 In so far as anything done under an enactment repealed by this Act could have been done under a corresponding provision of this Act, it shall not be invalidated by the repeal but shall have effect as if done under that provision.
2 Where any period of time specified in an enactment repealed by this Act is current at the commencement of this Act, this Act shall have effect as if the corresponding provision thereof had been in force when that period began to run.
3 Any reference in any enactment or document, whether express or implied, to an enactment repealed by this Act shall, unless the context otherwise requires, be construed as a reference to the corresponding enactment in this Act.
4 Nothing in this Act shall affect the enactments repealed by this Act in their operation in relation to offences committed before the commencement of this Act.
5 The repeal by this Act of section 22 of the 1955 Act shall not affect the operation of that section in so far as it relates to a person who is the owner and occupier of a holding mentioned in subsection (6) of that section.
6 Notwithstanding the repeal by this Act of section 3 of the Crofter Forestry (Scotland) Act 1991, the amendments made by that section to section 1 of the Forestry Act 1979 and to section 2 of the Farm Land and Rural Development Act 1988 shall continue to have the same effect as they had immediately before the commencement of this Act.
Section 63(2).
Part I Enactments repealed so far as they apply in the crofting counties
Chapter | Short title | Extent of repeal
49 & 50 Vict. c. 29 | The Crofters Holdings (Scotland) Act 1886 | Section 30.
Section 33.
1 & 2 Geo. 5 c. 49 | The Small Landholders (Scotland) Act 1911 | Section 28.
1976 c. 21 | The Crofting Reform (Scotland) Act 1976 | Section 17(2).
Part II Other enactments repealed
Chapter | Short title | Extent of repeal
3 & 4 Eliz. 2 c. 21 | The Crofters (Scotland) Act 1955 | The whole Act.
9 & 10 Eliz 2 c. 58 | The Crofters (Scotland) Act 1961 | The whole Act.
1976 c. 21 | The Crofting Reform (Scotland) Act 1976 | The whole Act except section 17.
1985 c. 73 | The Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 | Sections 30 and 31.
1991 c.18 | The Crofter Forestry (Scotland) Act 1991 | The whole Act.