enactment, such payment or compensation as may be
agreed between the Board of Trade or a Secretary of
State (as the case may be) and the owner or, failing
such agreement, as may be determined by arbitration.
5.
In this Order:-
"Secretary of State" means any of Her Majesty's
Principal Secretaries of State;
"requisition" in relation to any ship or thing
means take possession of the ship or thing or
require the ship or thing to be placed at the
disposal of the requisitioning authority;
"British ship" shall not include any ship
registered
-
(a) in any country mentioned in section 1(3), of
the British Nationality Act 1948, as amended
from time to time (whether before or after
the making of this Order); or
(b) in any territory administered by or under the
authority of the Government of any of those
countries.