CO129-609-4 Future policy- draft proclamation for moratorium on unsettled debts 24-8-1945 - 22-2-1947 — Page 32

working, Draft:~

32

REVISED

BRITISH MILITARY ADMINISTRATION, MALAYA

PROCLAMATION NO.

A Proclamation to close financial institutions, to

proclaim a moratorium and to prohibit certain dealings

in land.

I,

Short title.

Interpretation.

DO HEREBY PROCLAIM AND ORDER:·

PART I

-

-

PRELIMINARY

1. This Proclamation may be cited as the Moratorium

Proclamation.

2. In this Proclamation unless the context otherwise

requires:-

Controller" means the officer for the time being

performing the duties of Controller of Finance and

Accounts under the British Military Administration;

"dealing" in relation to land means any transaction

between parties, of whatever nature by which land is

affected and includes a caveat;

"debt" includes any form of claim or obligation for

the payment of money;

"financial institution" means any person or body

of persons whether incorporated or not carrying on the

business of banking including the receiving of money on

current account or on deposit or of granting credit in

any form or of dealing in foreign exchange or of

maintaining safe deposit facilities;

"Government" means