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1.
ADDITIONAL MEMORANDUM.
Another set of difficulties arises on the refer-
ence in Article 1(vii)(d) of the Order to "section 4 of the
Trading with the Enemy (Amendment) Act, 1916".
In our
"adaptations* this clause appears as "sections 6 of the Trading
with the Enemy Amendment Ordinance, 1916, as amended by section
2 of the Trading with the Enemy Amendment Ordinance, 1919".
2. The section in question contains in each case the
following provisions:-
3.
-
Subsec. (1) Power to make a vesting order and to
authorise sale.
Subsec. (2) A vesting order under the section acts
like a vesting order under the Trustee
Ordinance (or Act).
Subsec. (3) When the Custodian sells shares under the
powers conferred by the Trading with the Enemy Ordinances (or Acts) the company may buy and reissue the shares.
Subsec. (4) "The transfer on sale by the Custodian of
any property shall be conclusive evidence
in favour of the purchaser and of the
Custodian that the requirements of this
section have been complied with."
Subsec. (5) All property vested under the section, and
the proceeds, shall be dealt with in like
manner as property paid and vested in the
Custodian under the original Custodian
provisions.
On subsection (1) no serious question arises, but it
may be doubted whether the Custodian should not obtain a formal
order for sale, etc. in each case.
4.
Subsection (2). The effect of this presumably is to
assimilate vesting orders under the Treaty of Peace Order to
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