Right to inspect copies of instruments creating mortgages and charges and company’s register of mortgages

(1) The copies of instruments creating any mortgage or charge requiring registration under this Act with the Registrar, and the register of mortgages kept in pursuance of section 102, shall be open at all reasonable times to the inspection of any creditor or member of the company without fee, and the register of mortgages shall also be open to the inspection of any other person on payment of such fee, not exceeding twenty-five cents for each inspection, as the company may prescribe. 91 (2) If inspection of the said copies or register is refused, any officer of the company refusing inspection and every director and manager of the company authorising or knowingly and wilfully permitting the refusal, shall be liable to a fine not exceeding twenty-five dollars, and a further fine not exceeding ten dollars for every day during which the refusal continues and, in addition to the above penalty, any judge of the court sitting in chambers may by order compel an immediate inspection of the copies or register.