§ (7) In this Section the expression "ownership" in relation to the site of a house or building means such interest or combination of interests as constitutes an estate in fee simple or fee farm in possession or a leasehold interest in possession of at least ninety years unexpired at the date of the mortgage.
§ Mr. DUKE
I beg to move, in Subsection (7), after the word "possession" ["or a leasehold interest in possession"], to add the words "under a lease for lives or years renewable for ever or a lease for a term."
I desire to make this addition in order to somewhat enlarge the scope of the Bill. This gives some little additional power where there are limited or successive owners.
§ Amendment agreed to.