581098-1940-Defence-Finance-Regulations-1940 — Page 3

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THE HONG KONG GOVERNMENT GAZETTE, MARCH 21, 1940.

(i) the appropriate officer is satisfied that the traveller is, in respect of any bank notes, postal orders, gold, securities or foreign currency which he has with him on the said occasion, exempt from the restriction imposed on him by paragraph (1) of this regulation; or

(ii) the traveller produces to the appropriate officer such a certificate granted by or on behalf of the Governor as shows that the exportation by the traveller of any bank notes, postal orders, gold, securities or foreign currency which he has with him on the said occasion does not involve a contravention of this paragraph:

Provided that no female shall be searched in pursuance of this paragraph except by a female,

(4) As respects any goods, being goods consigned from the Colony to a destination which is outside the Colony, the appro- priate officer and any person acting under his directions may examine or search the goods for the purpose of ascertaining whether there are being sent therewith any bank notes, postal orders, gold, securities or foreign currency, and may seize any bank notes, postal orders, gold, securities or foreign currency found upon such examination or search unless there appears to the appropriate officer to have been granted by or on behalf of the Governor a certificate which shows that the sending as aforesaid of the bank notes, postal orders, gold, securities or foreign currency does not involve a con- travention of paragraph (1) of this regulation.

(5) For the purposes of this regulation--

(a) any bills of exchange or promissory notes payable otherwise than in sterling shall be deemed to be foreign

currency;

(b) the expression "transfer" includes transfer by way of loan or security, and a person shall be deemed to transfer securities from the Colony elsewhere if he transfers securities from a register in the Colony to a register outside the Colony;

and

(c) the expression "the appropriate officer" means any revenue officer, any constable or any person authorized by the Colonial Secretary to act under paragraphs (3) and (4) of this regulation;

and for the purposes of so much of paragraph (1) of this regulation as restricts the taking or sending of securities out of the Colony, documents of title relating to securities shall be deemed to be securities, and references to securities in paragraphs (3) and (4) of this regulation shall be construed as including references to such documents of title as afore- said.

by Govern-

bullion.

3. Every person resident in the Colony who is or here- Acquisition after becomes entitled to sell or to procure the sale of any ment of gold gold shall offer that gold, or cause it to be offered, for sale coin and to the Government of Hong Kong or to a person designated by the Governor for the purposes of this regulation, at such price as may be determined by or on behalf of the Governor :

Provided that the preceding provisions of this regulation shall not impose upon any person an obligation to offer any

if gold for sale or cause any gold to be offered for sale,

(a) he satisfies the Governor or a person so designated-

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