1950-HKRS29-8-17_Part02 — Page 37

FIRST COLUMN.

44. Trading with the

Enemy

Ordinance, 1914. (No. 25 of 1914) -Contd.

(a) Section 17.

SECOND COLUMN,

made" and the substitution therefor of the following-

**when no such appointment subsists”.

(2) Section 17, as enacted by Ordinance No. 2 of

1946, is amended-

(a) by the repeal of subsections (1) and (2)

and the substitution therefor of the fol-

lowing-

་

"0) Every person who holds or manages for or on behalf of an enemy any property, real or personal (includ- ing any rights, whether legal or equitable, in or arising out of pro- perty, real or personal), shall, within one month after the commencement of the war, or if the property comes into his possession or under his control after the commencement of the war, then within one month after the time when it comes into his possession or under his control, by notice in writing communicate the fact to the Custo- dian, and shall furnish the Custodian with such particulars in relation thereto as the Custodian may require and if any person fails to do so he shall upon summary conviction be liable to a fine of two thousand dollars and to imprisonment for six months, and in addition to a further fine of one thousand dollars for every day during which the default continues.

(2) Every company incorporated in the Colony and every company which, though not incorporated in the Colony, has a share transfer or share registration office in the Colony shall,

within one month after the commencement of the war, by notice

FIRST COLUMN.

4A. Trading with the

Enemy Ordinance, 1914, (No. 25 of 1914.) -Contd.

SECOND COLUMN.

in writing communicate to the Cus- todian full particulars of all shares, stock, debentures and debenture stock and other obligations of the company which are held by or for the benefit of an enemy; and every partner of every firm, one or more partners of which on the commencement of the war became enemies or to which money had been lent for the purpose of the business of the firm by a person who so became At enemy, shall within one month after the com- mencement of the war, by notice in writing communicate to the Custodian full particulars as to any share of profits and interest due to such enemies or enemy, and if any person fails to comply with the provisions of this subsection he shall upon sum- mary conviction be liable to a fine of two thousand dollars and to imprison- ment for six months, and in addition to a further fine of one thousand dollars for every day during which the default continues."

(b) by the repeal of subsections (4) and (s) and the substitution therefor of the follow- ing

"(4) Subsection (1) shall apply to balances and deposits standing to the credit of enemies at any bank, and to debts to the amount of five hundred dollars or upwards, which are due or which, but for the existence of a state of war, would have been due, to enemies, as if such bank or debtor were a person who held property on behalf of an enemy,

(5) The Custodian shall keep registers of all property in respect of which returns have been made to him