Trading with the Enemy (Authorisation) (Germany) Order, 1949

JurisdictionUK Non-devolved
CitationSI 1949/605
Year1949

1949 No. 605

TRADING WITH THE ENEMY

The Trading with the Enemy (Authorisation) (Germany) Order, 1949

29thMarch 1949

The Board of Trade in exercise of the powers conferred upon them by Sections 1 and 5 of the Trading with the Enemy Act, 1939(a) (hereinafter referred to as "the Act") and of all other powers enabling them in that behalf do hereby make the following Order:—

1. Notwithstanding anything contained in Section 1 of the Act, any person, unless the Board of Trade otherwise direct, may trade except as provided in Article 3 hereof with any person to whom this Order applies.

2.—(i) The transfer by or on behalf of any person within the description contained in Article 4 of this Order of any annuities, stocks, shares, bonds, debentures or debenture stock registered or inscribed in any register, branch register or other book kept in the United Kingdom which, on or after the date of this Order, come into the ownership of any such person as aforesaid, is hereby sanctioned.

(ii) The Board of Trade hereby consent to the allotment or transfer of any securities as defined in paragraph (i) of this Article to or for the benefit of any individual who is an enemy subject resident in Germany or any body of persons constituted or incorporated in, or under the laws of, Germany.

3. As regards any property situate in the United Kingdom and the Channel Islands belonging to or held or managed at the date of this Order on behalf of any person to whom this Order applies and as regards any property arising presently or at any future time out of such property this Licence shall not, except in the case of anything done under an authority, given generally or specially by, or by any person authorised in that behalf by, a Secretary of State, the Treasury or the Board of Trade, extend to or authorise any trade in respect thereof.

4. This Order applies

(i) to any Government, public or other authority in Germany,

(ii) to any individual resident in Germany,

(iii) as respects any business carried on in Germany, to any individual or body of persons (whether corporate or unincorporate) carrying on that business.

5. For the purposes of this Order

(i) "Germany" means Berlin and the French, British, American and Russian Military Zones of Germany as established by the statement by the Governments of the United Kingdom, the United States of

(a) 2 & 3 Geo. 6. c. 89.

America, the Union of Soviet Socialist Republics and the Provisional Government of the French Republic...

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