12.Section 337 of the principal enactment is hereby amended as follows :
(i) by the substitution, for subsection (1) thereof, of the following new subsection: -
| | " (1) No application (whether it be the first or a subsequent application) to execute a decree, not being a decree granting .an injunction, shall be granted after the expiration of ten years from-
| | | (a) the date of the decree sought to be executed or of the decree, if any, on appeal affirming the same ; or |
| (b) where the decree or any subsequent order directs the payment of money or the delivery of property to be made on a specified date or at recurring periods, the date of the default in making the payment or delivering the property in respect of which the applicant. seeks to execute decree."; and |
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(ii) by the insertion, immediately after subsection -(2) thereof, of the following new subsection : -
| | " (3) Subject to the provisions contained - in subsection (2), a writ of execution, if unexecuted* shall remain in. force 'for one year only from its issue, but-
| | | (a) such writ may at any time before its expiration, be renewed by the judgment-creditor for one year from the date of such renewal and so on from time to time; or |
| (b) a fresh writ may at any time after the expiration of an earlier writ be issued, |
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