5. Insertion

The following new section is hereby inserted immediately after section 41 of the principal enactment and shall have effect as section 41a of that enactment :—

“ Seizure

41a.

section 41a in the principal enactment

Nothing in the preceding provisions by Bert.

of this Chapter shall be deemed to prohibit and

the seizure and sale, by the People’s Bank, prescribed institutions.

'

the State Mortgage and Investment Bank, the

Bank of Ceylon, the Development Finance

Corporation of Ceylon, the National Develop-ment Bank of Sri Lanka, the National

Housing

Development

Authority, the

Housing Development Finance Corporation of Sri Lanka Limited or a registered society or other prescribed institution in accordance with the provisions of the law providing for the establishment of such Bank, Corporation,

Authority, society or institution, of any land alienated on a grant, for the enforcement of a mortgage on that land executed in favour of such Bank, Corporation, Authority, society or institution, as the case may be”.