(1) Section 92 of the Local Government (Scotland) Act 1973 (transfer of securities on alteration of area etc.) is amended as follows.
(2) In subsection (2), the definition of "securities" [The definition of "securities" was substituted by the Local Government etc. (Scotland) Act 1994 (c. 39), Schedule 13, paragraph 92(22).] is repealed.
(3) After that subsection insert -
"(3) "Securities" means -
(a) shares;
(b) instruments creating or acknowledging indebtedness;
(c) government and public securities;
(d) instruments giving entitlements to investments;
(e) certificates representing securities;
(f) units in a collective investment scheme;
(g) rights to, or interests in, any security of the kind mentioned in paragraphs (a) to (f);
(h) rights (whether actual or contingent) to money lent to, or deposited with -
(i) a society registered under the Industrial and Provident Societies Act 1965, or
(ii) a building society within the meaning of the Building Societies Act 1986.
(4) Subsection (3) m
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