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reg 7

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Part 2Bank reorganisation

7 Translated instruments

(1)

Each translated instrument in respect of Partnership Banking continues to have effect, according to its tenor, on and after the succession day, as if a reference in the instrument to Partnership Banking were a reference to St. George.

(2)

Without limiting subclause (1), an instrument securing the payment of moneys owing to Partnership Banking is taken to secure moneys owing to St. George for the purposes of determining liability for stamp duty in respect of that instrument or any collateral instrument.

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