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TRADING WITH THE ENEMY (CONSOLIDATION) REGULATIONS, 1917

(3.) Acts on behalf of an enemy in drawing, accepting, paying, presenting for acceptance or payment, negotiating, or otherwise dealing with any nego- tiable instrument; or

(4.) Accepts, pays, or otherwise deals with any negotiable instrument which is held by or on behalf of an enemy, having at the time of such acceptance, payment, or dealing reasonable ground for believing that such instrument is held by or on behalf of an enemy; or

(5.) Enters into any new transaction or completes any transaction already entered into with an enemy in any stocks, shares, or other securities; or (6.) Makes or enters into any new marine, life, fire, or other policy or contract of insurance or reinsurance with or for the benefit of an enemy; or accepts or gives effect to any insurance of any risk arising under any policy or contract of insurance or reinsurance made or entered into with or for the benefit of an enemy before the outbreak of war; or, as regards treaties or contracts of reinsurance current at the outbreak of war to which an enemy is a party or in which an enemy is interested, cedes to the enemy or accepts from the enemy under any such treaty or contract any risk arising under any policy or contract of insurance or reinsurance made or entered into after the outbreak of war, or any share in any such risk; or (7.) Directly or indirectly supplies to or for the use or benefit of, or obtains from, an enemy country or an enemy any goods, wares, or merchandise, or directly or indirectly supplies to or for the use or benefit of, or obtains from, any person any goods, wares, or merchandise, for or by way of transmission to or from an enemy country or an eneniy, or directly or indirectly trades in or carries any goods, wares, or merchandise destined for or coming from an enemy country or an enemy; or

(8.) Permits any British ship to leave for, enter, or communicate with any port

or place in an enemy country; or

(9.) Enters into any commercial, financial, or other contract or obligation with

or for the benefit of an enemy; or

(10.) Takes part in any act or transaction prohibited under any Proclamation dealing with the subject of trading with the enemy issued by His Majesty after the commencement of these Regulations, and published in the manner provided by the Principal Order for the publication of King's Regulations;

is guilty of trading with the enemy.

4.--(1.) Where an enemy has a branch locally situated in British territory or a non-enemy country, other than neutral territory in Europe, China, Siam, Persia, or Morocco, transactions by or with such branch shall not be treated as transactions by or with an enemy.

(2) Transactions hereafter entered into by any person resident, carrying on business, or being .n China-

(a) In respect of banking business with a branch situated outside the

United Kingdom of an enemy; or

(b) In respect of any description of business with a branch situated out-

side the United Kingdom of an enemy bank;

shall be considered as transactions with an enemy.

Provided that acceptance, payment, or other dealing with any negotiable instrument which was drawn before the 26th July, 1915, shall not, if otherwise law- ful, be deemed to be a transaction hereafter entered into within the meaning of this paragraph.

(3.) Notwithstanding anything in this Regulation, where an enemy has a branch situated locally in British territory or a non-enemy country, which carries on the business of insurance or reinsurance, of whatever nature, a transaction by or with such branch in respect of the business of insurance or reinsurance shall be considered as a transaction by or with an enemy.