Clause
12
<
:
(b)
Amendment Proposed
the expression "advances, 10s,
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
-
(i)
a hire purchase agreement,
that is to say an agreement for the
bailment of goods under which the
bailee may buy the goods, or under
which the property in the goods
will or may pass to the bailee; or