"land" includes land of whatever tenure;
33.
tenement
and hereditamenta corporeal or incorporeal; rights over,
and interests in land; houses and other buildings and
fixtures attached to the earth; and an undi vided share
in land;
"Local Authority" includes
Suspension of business and clos- ing of premises.
Re-opening of premises and resumption of business.
Moratorium proclaimed.
PART II CLOSING OF FINANCIAL INSTITUTIONS
3. (1) Every financial institution shall forthwith
suspend business and close its premises to the public.
(2) The re-opening of any premises so closed and
the resumption of any business so suspended shall be
subject to such terms, conditions and restrictions as the
Controller, or any officer authorised by him in that
behalf, may prescribe, by notice or by general or
specific order or by written communication addressed to
the financial institution concerned hotwithstanding
anything in Section 3 contained panks may:-
(a)
(b)
دا مدم
receive accounts and otherwise conduct new
business in respect of the British Military
Administration or any department thereof, or in
respect of any Government or local Authority.
operate any account or class of account which the
the Controller may, by writing authorise them
or any of them to operate.
PART III - MORATORIUM
4. Except as hereinafter provided, a moratorium is
hereby proclaimed in respect of all debts incurred before
the date when this Proclamation takes effect within the the
area in which such debt is incurred.
Effect of Moratorium,
5.
(1) During the period of the moratorium,
all