CAP. 188]
[8. 19 cont.]
24 of 1950, Schedule.
24 of 1950, Schedule.
2 of 1946, First Schedule.
Power to vest enemy property in Custodian.
c. 12, s. 4.
Trading with the Enemy.
(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 under this section or under any antecedent requirement that similar returns be made, and such registers may be inspected by any person who appears to the Custodian to be interested as a creditor or otherwise.
(6) For the purposes of this and the preceding section 'securities' includes stock, shares, annuities, bonds, debentures or debenture stock or other obligations.
[17]
20. (1) The Supreme Court may, on the application of any person who appears to the court to be a creditor of an enemy or entitled to recover damages against an enemy, or to be interested in any property, real or personal (including any rights, whether legal or equitable, in or arising out of property real or personal) belonging to or held or managed for or on behalf of an enemy, or on the application of the Custodian or any Government department, by order vest in the Custodian any such real or personal property as aforesaid, if the court is satisfied that such vesting is expedient for the purposes of this Ordinance, and may by the order confer on the Custodian such powers of selling, managing and otherwise dealing with the property as to the court may seem proper.
(Cap. 29.)
(2) The court before making any order under this section may direct that such notices (if any), whether by way of advertisement or otherwise, shall be given as the court may think fit.
(3) A vesting order under this section as respects property of any description shall be of the like purport and effect as a vesting order as respects property of the same description made under the Trustee Ordinance.
(4) No application shall be made to the Supreme Court under this section without the permission of the Governor.
[18]
456
CAP. 188]
[8. 19 cont.]
24 of 1950, Schedule.
24 of 1950, Schedule.
2 of 1946, First Schedule.
Power to vest enemy
property in Custodian.
c. 12, s. 4.
Trading with the Enemy.
(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 under this section or under any antecedent requirement that similar returns be made, and such registers may be inspected by any person who appears to the Custodian to be interested as a creditor or otherwise,
(6) For the purposes of this and the preceding section 'securities" includes stock, shares, annuities, bonds, deben- tures or debenture stock or other obligations.
[17]
20. (1) The Supreme Court may, on the application. of any person who appears to the court to be a creditor
5 & 6 Geo. 5, of an enemy or entitled to recover damages against an enemy, or to be interested in any property, real or personal (including any rights, whether legal or equitable, in or arising out of property real or personal) belonging to or held or managed for or on behalf of an enemy, or on the application of the Custodian or any Government depart- ment, by order vest in the Custodian any such real or personal property as aforesaid, if the court is satisfied that such vesting is expedient for the purposes of this Ordin- ance, and may by the order confer on the Custodian such powers of selling, managing and otherwise dealing with the property as to the court may seem proper.
(Cap. 29.)
(2) The court before making any order under this section may direct that such notices (if any), whether by way of advertisement or otherwise, shall be given as the court may think fit.
(3) A vesting order under this section as respects property of any description shall be of the like purport and effect as a vesting order as respects property of the same description made under the Trustee Ordinance.
(4) No application shall be made to the Supreme Court under this section without the permission of the Governor.
[18]
456
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