Subject to the provisions of this section, any person suffering loss by reason of—
shall be entitled to be indemnified in respect of that loss.
No indemnity shall be payable under this section in respect of any loss where the applicant has himself caused or substantially contributed to the loss by his act, neglect or default.
Subsection (2) of this section shall not apply to any failure on the part of the applicant to register under the Land Charges Act 1925 a puisne mortgage which became capable of such registration by virtue of section 17(5) of this Act, but if—
no indemnity shall be payable unless there is reasonable excuse for the failure to register the mortgage in time to prevent the loss.
Any indemnity under this section shall include a reasonable sum in respect of any costs or expenses properly incurred by the applicant in relation to the matter.
If any question arises as to whether a person is entitled to an indemnity under this section, or as to the amount of any such indemnity, he may apply to the High Court to have that question determined.
Any indemnity under this section shall be paid by the Chief Land Registrar; and where an indemnity is paid the Chief Land Registrar shall be entitled, on behalf of the Crown—