108. Effect of provisions of former Companies Acts as to registration of charges on land.

Paragraph (d) of subsection (1) of section 10 of the Companies Act, 1907, and paragraph (d) of subsection (1) of section 93 of the Companies (Consolidation) Act, 1908 (by virtue whereof charges created on land by a company required registration under those Acts respectively), shall be deemed never to have applied to a charge for any rent or other periodical sum issuing out of the land.