TRADING WITH THE ENEMY (FOREIGN CURRENCY ACCOUNTS) ORDER, 1944, Dated AUGUST 10, 1944, Made by the Board of Trade UNDER SECTION 7 OF THE TRADING WITH THE ENEMY ACT, 1939 (2 & 3 GEO. 6. C. 89).
| Jurisdiction | UK Non-devolved |
| Citation | SI 1944/915 |
| Year | 1944 |
1944 No. 915
TRADING WITH THE ENEMY
(5) Foreign Currency Accounts
THE TRADING WITH THE ENEMY (FOREIGN CURRENCY ACCOUNTS) ORDER, 1944, DATED AUGUST 10, 1944, MADE BY THE BOARD OF TRADE UNDER SECTION 7 OF THE TRADING WITH THE ENEMY ACT, 1939 (2 & 3 GEO. 6. C. 89).The Board of Trade in exercise of the powers conferred upon them by Section 7 of the Trading with the Enemy Act, 1939, and of all other powers enabling them in that behalf make the following Order:—
1. All the right title and interest of any enemy in or by virtue of or in respect of any account standing in his name (whether solely or jointly with another enemy) in the books of any banker in the United Kingdom and expressed in terms or the denomination of any foreign currency (other than the currency of any area under the sovereignty of a Power at war with His Majesty and any currency for the time being declared by an Order of the Treasury to be enemy currency) including any right which may have arisen by reason of the frustration of any contract relating to any such account shall vest in the Custodian.
2.—(i) The Interpretation Act, 1889, shall apply to this Order as if it were an Act of Parliament.
(ii) For the purposes of this Order the following expressions have the meanings hereby respectively assigned to them:—
"enemy" is confined to—
(a) any State or Sovereign of a State at war with His Majesty,
(b) any individual resident in any area under the sovereignty of a Power with whom His Majesty is at war, not being an area occupied before the 10th July, 1943, by His Majesty or by a Power allied with His Majesty,
(c) any body of persons constituted or incorporated under the laws of a State at war with His Majesty,
(d) any body of persons (whether corporate or unincorporate) carrying on business in any place, if and so long as the body is controlled by any State Sovereign individual or body of persons as aforesaid, and
(e) as respects any business carried on in any such area as aforesaid any individual or body of persons (whether corporate or unincorporate) carrying on that business in such territory;
"foreign currency" means any currency other than sterling;
(iii) References to the Custodian in this Order shall...
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