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(1) This Decree applies to every hire-purchase and conditional sale agreement, regardless of the hire-purchase price, cash price, or total purchase price of the goods.

(2) This Decree applies to agreements entered into by or on behalf of the Republic as it applies to other agreements.

(3) The Commissioner responsible for Finance may, with the approval of the Supreme Military Council by legislative instrument disapply all or any of the provisions of this Decree to any organization or body if it appears to him in the public interest so to do.

(4) For the avoidance of doubts, an instrument made under subsection (3) of this section may be made with retrospective effect up to the commencement of this Decree or any later date and any instrument so made shall operate in respect of all hire-purchase or conditional sale agreements entered into by the organization or body to which the instrument relates from the date of commencement of that instrument. [As inserted by the Hire-Purchase (Amendment) Decree, 1978 (SMCD 155).]