Extension
of powers to appoint inspectors and supervisors.
5 & 6 Geo. 5, c. 105, s. 3.
Power of Governor to vest enemy property in Custodian.
e. 105, s. 4.
226
5. The power of the Governor to appoint inspectors and supervisors under the Trading with the Enemy Amend- ment Ordinance, 1915, and the Trading with the Enemy Third Amendment Ordinance, 1915, shall include a power to appoint au inspector or supervisor of the business carried on by any person, firm, or company, in the Colony for the purpose of ascertaining whether the business is carried on for the benefit of or under the control of enemy subjects, or for the purpose of ascertaining the relations existing, or which before the war existed, between such person, firm, or company, or of any members of that firm or com- pany, and any such subject.
6.—(1.) The Governor, in any case where it appears to him to be expedient to do so, may by order vest in the Custodian under the Trading with the Enemy Second Amendment Ordinance, 1915, any property, movable or immovable (including any rights whether legal or equitable, 5 & 6 Geo. 5, in or arising out of property, movable or immovable), belonging to or held or managed for and on behalf of au enemy or enemy subject, or the right to transfer that pro- perty, and may by any such order, or any subsequent order, confer on the Custodian such powers of selling, managing and otherwise dealing with the property as to the Governor seem proper.
Ordinance
No. 5. of 1901.
Duration of restrictions on dealings with enemy property.
5 & 6 Geo. 5, c. 105, s. 7.
(2.) A vesting order under this section as respects pro- perty of any description shall be of the like purport and effect as a vesting order as respects property of the same description made by the Supreme Court under the Trustee Ordinance, 1901, and shall be sufficient to vest in the Cus- todian any property, or the right to transfer any property as provided by the order, without the necessity of any further conveyance, assurance or document.
(3.) Where in exercise of the powers conferred on him by the Governor or by the Court under this Ordinance or by virtue of the Trading with the Enemy Second Amend- ment Ordinance, 1915, the Custodian proposes to sell any shares or stock forming part of the capital of any company or any securities issued by the company in respect of which a vesting order under either of the said Ordinances has been made, the company may, with the consent of the Governor, purchase the shares, stock, or securities, any law or any regulation of the company to the contrary notwith- standing, and any shares, stock, or securities so purchased may from time to time be re-issued by the company.
(4.) The transfer on sale by the Custodian of any pro- perty shall be conclusive evidence in favour of the pur- chaser and of the Custodian that the requirements of this section have been complied with.
(5.) All property vested in the Custodian under this section, and the proceeds of the sale of, or money arising from, any such property shall be dealt with by him in like manner as money paid to and property vested in him under the Trading with the Enemy Second Amendment Ordi nance, 1915, or under the Trading with the Enemy Third Amendment Ordinance, 1915, and section 7 of the Trading with the Enemy Second Amendment Ördinance, 1915, as amended by this Ordinance, shall apply accordingly.
7. Any restrictions imposed by any Ordinance or Pro- clamation on dealings with enemy property shall continue to apply to property particulars whereof are or are liable to be notified to the Custodian in pursuance of section 5 of the Trading with the Enemy Second Amendinent Ordi- nance, 1915, as extended by any subsequent enactment, not only during the continuance of the present war, but there- after until such time as they may be removed by Order of the Governor in Council, and Orders in Council may be made removing all or any of those restrictions either simultaneously as respects all such property or at different times as respects different classes or items of property.
Registration 8.-1.) Where the Custodian executes a transfer of of transfer
any shares, stock, or securities which he is empowered to without pro- duction of
transfer by a vesting order made under section 6 of the certificates,
Trading with the Enemy Second Amendment Ordinance, 1915, or under this Ordinance, the company or other body
etc.