(1)  Where –

(a) any cause of action in respect of the conversion or wrongful detention of a chattel has accrued to any person; and

(b) a further conversion or wrongful detention of that chattel takes place before he recovers possession of the chattel –

no action shall be brought in respect of that further conversion or detention after the expiration of 6 years from the accrual of the cause of action in respect of the original conversion or detention.

(2)  Where –

(a) a cause of action has accrued to any person in respect of the conversion or wrongful detention of a chattel;

(b) the period limited for the bringing of that action and any action in respect of any further conversion or wrongful detention of that chattel has expired; and

(c) he has not during that period recovered possession of the chattel –

his title to the chattel is extinguished.