Section 19: Liability after renewal.

(1) Where a renewed Government promissory note has been issued under section 18 of this Act, the note so issued shall be deemed to constitute a new contract between the Federal Government and the holder and any other Government or body corporate, deriving title thereafter through the holder.
(2) No such renewal shall affect the rights as against the Federal Government or any other Government or body corporate to the promissory note so renewed.