2. Section 2 of the Trust Receipts Ordinance (herein- after referred to as the " principal enactment'') is hereby amended in subsection (2) of that section, as follows:
| (1) by the substitution in paragraph (v) of that sub- section, for the words " as may be in the premises. ", of the words " as may be in the premises " ; and |
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| (2) by the addition at the end of that subsection of the following new paragraph :
| | " (vi) an undertaking to insure those goods against all insurable risks to their full insurable value on a reinstatement basis in the name of the agency and in the case of loss, to pay the insurance moneys to the agency in the same manner as the proceeds of sale ". | | |
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Sri Lanka Consolidated Acts