1964 Ed.]
Trading with the Enemy.
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able grounds for believing that the liability was enforceable against him by order of a competent court, not being either a court having jurisdiction in the Colony or a court having jurisdiction in enemy territory, and would be enforced against him by such an order.
(4) Where a claim in respect of a negotiable instrument or chose in action is made against any person who has reasonable cause to believe that, if he satisfied the claim, he would be thereby committing an offence of trading with the enemy, that person may pay into the Court any sum which, but for the provisions of subsection (1), would be due in respect of the claim, and thereupon that sum shall, subject to rules of court, be dealt with according to any order of the Court, and the payment shall for all purposes be a good discharge to that person.
(5) Nothing in this section shall apply to securities to which the provisions of section 8 apply.
8. (1) If-
(a) any securities to which this section applies are transferred by or on behalf of an enemy; or
(b) any such securities, being securities issued by a company, are allotted or transferred to, or for the benefit of, an enemy subject without the consent of the Governor,
then, except with the sanction of the Governor, the transferee or allottee shall not, by virtue of the transfer or allotment, have any rights or remedies in respect of the securities, and no company by whom the securities were issued or are managed shall take any cognisance of, or otherwise act upon, any such transfer except under the authority of the Governor.
(2) No share warrants, stock certificates or bonds, being warrants, certificates or bonds payable to bearer, shall be issued in respect of any securities to which this section applies, being securities registered or inscribed in the name of an enemy or of a person acting on behalf of, or for the benefit of, an enemy.
(3) Any person who contravenes the provisions of this section shall be guilty of an offence and shall be liable on summary conviction to a fine of two thousand dollars and to imprisonment for six months.
(4) This section applies to annuities, stock, shares, bonds, debentures or debenture stock registered or inscribed in any register, branch register or other book kept in the Colony.
9. Any person who purchases any notes or coins which circulate in any enemy territory or any other notes or coins which are for the time being declared by an order of the Governor under subsection (3) of section 3 to be enemy currency shall be guilty of an offence of trading with the enemy.
Transfer and allotment of securities.
(cf. 2 & 3 Geo. 6 c. 89, s. 5.)
Purchase of enemy currency.
(cf. 2 & 3 Geo. 6 c. 89, s. 6.)
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1964 Ed.]
Trading with the Enemy.
[CAP. 346
9
able grounds for believing that the liability was enforceable against him by order of a competent court, not being either a court having jurisdiction in the Colony or a court having jurisdiction in enemy territory, and would be enforced against him by such an order.
(4) Where a claim in respect of a negotiable instrument or chose in action is made against any person who has reasonable cause to believe that, if he satisfied the claim, he would be thereby committing an offence of trading with the enemy, that person may pay into the Court any sum which, but for the provisions of subsection (1), would be due in respect of the claim, and thereupon that sum shall, subject to rules of court, be dealt with according to any order of the Court, and the payment shall for all purposes be a good discharge to that person.
(5) Nothing in this section shall apply to securities to which the provisions of section 8 apply.
8. (1) If-
(a) any securities to which this section applies are transferred
by or on behalf of an enemy; or
(b) any such securities, being securities issued by a company, are allotted or transferred to, or for the benefit of, an enemy subject without the consent of the Governor,
then, except with the sanction of the Governor, the transferee or allottee shall not, by virtue of the transfer or allotment, have any rights or remedies in respect of the securities, and no company by whom the securities were issued or are managed shall take any cognisance of, or otherwise act upon, any such transfer except under the authority of the Governor.
(2) No share warrants, stock certificates or bonds, being warrants, certificates or bonds payable to bearer, shall be issued in respect of any securities to which this section applies, being securities registered or inscribed in the name of an enemy or of a person acting on behalf of, or for the benefit of, an enemy.
(3) Any person who contravenes the provisions of this section shall be guilty of an offence and shall be liable on summary con- viction to a fine of two thousand dollars and to imprisonment for six months.
(4) This section applies to annuities, stock, shares, bonds, debentures or debenture stock registered or inscribed in any regis- ter, branch register or other book kept in the Colony.
9. Any person who purchases any notes or coins which cir- culate in any enemy territory or any other notes or coins which are for the time being declared by an order of the Governor under subsection (3) of section 3 to be enemy currency shall be guilty of an offence of trading with the enemy.
Transfer and allotment of securities.
(cf. 2 & 3 Geo. 6 c. 89, s. 5.J
Purchase of enemy currency. (cf. 2 & 3 Geo. 6 c. 89, s. 6.]
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