Trading with the Enemy.
[CAP. 188
court having jurisdiction in enemy territory, and would be 26 of 1946, enforced against him by such an order.
First Schedule.
(4) Where a claim in respect of a negotiable instrument or chose in action is made against any person who has reasonable cause to believe that, if he satisfied the claim, he would be thereby committing an offence of trading with the enemy, that person may pay into the Supreme Court any sum which, but for the provisions of subsection (1), would be due in respect of the claim, and thereupon that sum shall, subject to the provisions of the Code of Civil Procedure and (Cap. 4), to rules of court, be dealt with according to any order of the court, and the payment shall for all purposes be a good discharge to that person.
(5) Nothing in this section shall apply to securities to which section 8 applies.
[6]
rules).
8. (1) If-
Transfer and
(a) any securities to which this section applies are transferred by or on behalf of an enemy; or
allotment of
(b) any such securities, being securities issued by a company within the meaning of the Companies Ordinance, are allotted or transferred to, or for the benefit of, an enemy subject without the consent of
securities.
the Governor,
then, except with the sanction of the Governor, the transferee or allottee shall not, by virtue of the transfer or allotment, have any rights or remedies in respect of the securities; and no body corporate by whom the securities were issued or are managed shall take any cognizance of, or otherwise act upon, any such transfer except under the authority of the Governor.
(2) No share warrants, stock certificates or bonds, being warrants, certificates or bonds payable to bearer, shall be issued in respect of any securities to which this section applies, being securities registered or inscribed in the name of an enemy or of a person acting on behalf of, or for the benefit of, an enemy.
(3) Any person who contravenes the provisions of this section shall be liable on summary conviction to imprisonment for six months and to a fine of two thousand dollars.
447