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Amendment of section 87 (stock borrowing) of Principal Act.
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122.—(1) Section 87 of the Principal Act is amended—
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(a) in subsection (1) in paragraph (b) of the definition of “stock borrowing” by substituting “12 months” for “6 months”, and
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(b) in subsection (3) by substituting “12 months” for “6 months” in both places where it occurs.
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(2) This section applies to stock borrowing (for the purpose of section 87 of the Principal Act) transactions entered into on or after the date of the passing of this Act.
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