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Ch. 31. No. 1.) Compantes.

(6) The holding of debentures entitling the holder to a
charge on land shall not for the purposes of this section be
deemed to be an interest in land.

(7) Where a series of debentures containing, or giving
by reference to any other instrument, any charge to the
benefit of which the debenture holders of that series are
entitled part passu is created by a company, it shall for the
purposes of this section be sufficient if there are delivered
to or received by the Registrar within twenty-one days
after the execution of the deed containing the charge or,
if there is no such deed, after the execution of any deben-
tures of the series, the following particulars—

(a) the total amount secured by the whole series;

and

(b) the dates of the resolutions authorising the issue

of the series and the date of the covering deed, if any,
by which the security is created or defined; and

(c) a general description of the property charged;

and

(d) the names of the trustees, 1f any, for the deben-

ture holders;
together with a copy of the deed containing the charge,
certified to be a true copy by a solicitor or an officer of the
company, or, if there is no such deed, one of the debentures
of the series:

Provided that, where more than one issue is made of
debentures in the series, there shall be sent to the Registrar
for entry in the register particulars of the date and amount
of each issue, but an omission to do this shall not affect the
validity of the debentures issued.

(8) Where any commission, allowance, or discount has
been paid or made either directly or indirectly by a company
to any person in consideration of his subscribing or agreeing
to subscribe, whether absolutely or conditionally, for any
debentures of the company, or procuring or agrecing to
procure subscriptions, whether absolute or conditional, for
any such debentures, the particulars required to be sent for
Tegistration under this section shall include particulars as
to the amount or rate per cent of the commission, discount,
or allowance so paid or made, but omission to do this shall
not affect the validity of the debentures issued: