Finance Act, 1915

Part IV.

Miscellaneous.

Amendment as to priority of charge for currency notes.

4 & 5 Geo. 5. c. 14.

27. The amount of any currency notes issued under the Currency and Bank Notes Act, 1914, to any person shall be a floating charge on the assets of that person in priority to all other floating charges, but not in priority to charges which are not floating charges; and, accordingly, section two of that Act shall have effect and be deemed always to have had effect as if the word “floating” were inserted immediately before the word “charges.”