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محمد

9.

10.

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RESTRICTION ON FOREIGN CURRENCY EXCHANGE.

No transaction involving forcign currency exchange shall be entered into without a liccncc from the Finance Committoo which shall from time to time make such rules and rcgulations in connection therewith as may seem moet and fix from time to timo the rate of exchange for the purchase and sale of foreign curroncios.

FROHIBITION OF TH

EXPORTATION OF GOLD, SILVER, CURRENCY ETC.

Unless authorised by a licence from the Finance Committeo it shall bc illegal to export from the Colony any gold or silver coin or bullion, currency, securitics, cheques, drafts, bills of exchange, promissory notes, payment instruct- ions, transfor orders or other financial instruments, powers of attorney or authorisations or instructions to offcct financial or property transactions.

RESTRICTION OF STOCK & SHARE

TRISACTIONS

Unless authorised by a licence from the Finance Committec no person other than one of the Banks mention- od in the schedule hereto shall buy, soll, transfor or acccpt a transfer or hypothecato or create any charge upon or trust in respect of any share or stock, bond or debonturo or cxecute any instrument in relation thereto

RESTRICTION OF TH TRANSFER OF

REAL FROPERTY

Unless authorised by a licence from the Finance Committee no person shall buy, sell, convey or mortgago or accept the convoyance or mortgago of any real property in the Colony,

Farcign currency exchange transactions must be strictly limited both in the interest of the gencral financial position of the Colony and in the main- tenance of the local currency.

This provision will afford an opportunity for screening instruments before they leave the Colony to guard against the com- plotion of transactions effected under duress or which may other- wise benefit the enemy. Licences can be issued covering legitimate trade and privato transactions.

This provision is deemed necessary to provent speculation in shares contrary to the interests of the community and to prevent the cxploitation of those who have boon impoverished by the war and to impose restrictions in sharos and stocks of companies before they aro in a position to recommence business.

In the early stages of the Military Administration it may be desirable to protect the inhabitants and provent hardship through forcod sales and mortgages to speculators under the stress of war conditions. This provision may be desirable also from a security point of view in screening enomy activities and transactions. The sooner rostrictions are removed, however, the better for the resumption of ordinary business transactions.

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