10. Amendment of section 27 of the principal enactment

Section 27 of the principal enactment is hereby amended by the substitution for the words “property is situate or kept”, of the following :—

“property is situate or kept :

Provided however that where the borrower has made default in respect of any other loan, overdraft, advance or accommodation granted to him by the bank, the board shall, in lieu of paying of such balance to the borrower or any person legally entitled to accept the payments due to the borrower or depositing in court, as aforesaid, deposit such balance in the District Court of the district in which the property mortgaged as security for such other loan, overdraft, advance or accommodation is kept or situate.”.