13
-
Clause
Amendment Proposed
(10) For the purposes of this section
(a)
(b)
the expression "person" includes
any partnership, any public body
and any body of person corporate
or unincorporate;
the expression "advances, loans,
facilities, guarantees or
liabilities" shall mean advances,
loans, facilities, guarantees or
liabilities referred to in
subsection (1);
(c) advances loans, facilities,
?
guarantees or liabilities shall
be deemed to be granted to and
to be outstanding in relation to
any person liable or contingently
liable thereon whether as principal
debtor, guarantor, or otherwise:
Provided that the reference
in this paragraph to a guarantor shall
not include a person (not being a
deposit-taking company) who guarantees
the obligations of another under