4. Amendment of section 19 of the principal enactment

Section 19 of the principal enactment is hereby amended by the addition immediately after subsection (6)

of that section, of the following new subsection:-

“(7) Notwithstanding the provisions of paragraph (b) of subsection (6), the approval of the Divisional

Secretary shall not be required when mortgaging such holding to a licenced commercial bank, the State

Mortgage and Investment Bank, the Development

Finance Corporation of Ceylon, the National

“Appointment of Additional

Land

Commissioners and other officers

Development Bank of Sri Lanka, the National Housing

Development Authority, the Housing Development

Finance Corporation Bank of Sri Lanka, any registered society or other prescribed institution.”.