1969-HKRS30-8-59_Part05 — Page 34

"External bond" means a bond forming part of a bond issue

specified in column 1 of Schedule 1 to this Order.

“Internal bond" means a bond or other document of title in respect of a loan or obligation issued or guaranteed after 27th June 1919 and before the relevant date by the Govern- ment of a Baltic State or by a municipal authority in a Baltic State or ceded territory, other than an external bond. "Material time” means any time or date at which it is material for the purposes of this Order to determine whether or not a person is a British national.

"Predecessor in title" means any person from whom, whether directly or indirectly, a person making application under this Order (including a trustee) has succeeded, whether by assignment or otherwise, to the property or claim to which the application relates. For the purpose of considering any question of succession, every claim shall be deemed (1) to have arisen at the relevant date but no claim shall be barred by any lapse of time thereafter, and (ii) to have been capable of transfer and transmission in the same manner as the prop- erly to which it relates.

"Property" includes all rights or interests of any kind în property. "Relevant date" means in relation to each of the areas described in column 1 of Schedule 2 to this Order the date in column 2 of the said Schedule in respect of that area or, in the case of an application under Article 13 of the Order if the person making the application so elects, such other date after the said date in column 2 of the Schedule and before 13th February 1967 as he may establish to the satisfaction of the Commission to be the date on which he or his predecessor in title or, if he is a trustee, the person for whom he is a trustee or the predecessor in title of such person was deprived of the title to or enjoyment of the property to which the application relates.

"Rules of the Commission" means rules made by the Commission with the approval of the Lord Chancellor under section 4(2) of the Act of 1950 regulating the procedure of the Commis- sion in determining applications made under this Order. "Share" includes stock, a debenture, debenture stock and any

funded obligation of a company.

"State Note" means any of the Union of the Soviet Socialist

Republics State Notes issued either

(a) to the Tetiuhe Mining Corporation Limited, or (b) to Lena Goldfields Limited.

"Trustee" includes a personal representative of a deceased person or a nominee; and "beneficiary" shall have a corresponding meaning.

PART II.

THE FUND.

3. The Commission shall pay into a fund to be called the Union of Soviet Socialist Republics Compensation Fund (herein- after referred to as "the Fund") all such sums as may be paid to them by virtue of section 1(3) or (4) of the Act of 1969.

4. (1) Any sums standing to the credit of the Fund may be temporarily invested by the Commission in such manner as the Treasury may authorize.

(2) All interest, dividends and other sums received by the Commission as a result of any investment made by them of any sum standing to the credit of the Fund shall be paid into the Fund.

5. When it appears to the Secretary of State that all pay- meats to be made into the Fund have been made and that all payments which it is practicable to make out of the Fund have been made, he may direct that the Fund shall be wound up and that any sum remaining therein shall be paid into the Consolidated Fund.

PART III.

GENERAL PROVISIONS CONCERNING THE EstablishmENT OF CLAIMS.

(1) An application shall not be entertained by the Com- mission for the purposes of this Order unless it has reached the Commission on or before 31st December 1969.

(2) An application shall not be entertained by the Commis- sion for the purposes of this Order unless it is made in accordance with the Rules of the Commission.

7. Each application made under this Order shall be deter- mined by not less than two members of the Commission, provided that-

() if the aggregate of all amounts claimed by an applicant under Parts IV and VI of the Order does not exceed £10,000, the provisional determination of the application may be made by one member of the Commission;