Application of Act to subsisting mortgages effected prior to 8th June, 1901.

Notwithstanding anything contained in any enactment for rhc time being i r force, this Act shall apply to any subsisting mortgages of land, which wcre effecred prior io 8th June, 190 1, ;[in h e principal territories and prior LO 17th February, 1915, in the kansPerred terrilories.]. Explanation. - A mortgagc shall Fe decmed to subsist noli~lit!ismding adecrcc or order for its rcdemplion having been passed provided redemplion has not taken place bcfore Lbe commencemcil of his Act. '[or in the case uT a morlgagc in he Lransfcrred tern torics before tbc date 011 which me Act 1s cxtended to those lemtories.]