Section 15

The Bills of Sale Act (Chapter 70), in so far as it relates to bills of sale and other documents given by way of security for the payment of money, shall not apply to any mortgage registered in the aircraft register made after the commencement of this Order.

Paragraph {h) of subsection (2) of section 80 of the Companies Act

(Chapter 39) shall have effect as if after "ship" where it first appears there were inserted "or aircraft":

Provided that nothing in this paragraph shall render invalid, as against the liquidator or any creditor of the company, any mortgage or charge created by a company before the commencement of this Order which would not have been invalid against the liquidator or such creditor if this Order had not been made.

Indemnity.