TRADING WITH THE ENEMY (CUSTODIAN) (No. 2) ORDER, 1946, Dated December 14, 1946, 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 |
1946 No. 2141
TRADING WITH THE ENEMY
THE TRADING WITH THE ENEMY (CUSTODIAN) (No. 2) ORDER, 1946, DATED DECEMBER 14, 1946, MADE BY THE BOARD OF TRADE UNDER SECTION 7 OF THE TRADING WITH THE ENEMY ACT, 1939 (2 & 3 GEO. 6. C. 89).[This Order (S.R. & O. 1946, I, p. 1690) is printed as amended by the Order dated May 19, 1948 (S.I. 1948 (No. 1047), I, p. 4381).]
The Board of Trade in exercise of the powers conferred upon them by Section 7 of the Trading with the Enemy Act, 1939, (hereinafter called "the Act") and of all other powers enabling them in that behalf do hereby make the following Order:—
1. Without prejudice to the effect of any Order made by the Board of Trade prior to the date of this Order, there shall vest in the Custodian—
(a) the right to transfer all securities of the following descriptions, that is to say, annuities, stock, shares, bonds, coupons, debentures or debenture stock registered or inscribed in any register, branch register or other book kept in the United Kingdom or transferable by delivery of any document situate in the United Kingdom, belonging to or held at the date of this Order on behalf of any enemy;
(b) the beneficial interest of any enemy in all such securities as aforesaid at the date of this Order, and
(c) gold coin or gold bullion belonging to or held at the date of this Order on behalf of any enemy.
Provided nevertheless that if any case the vesting in the Custodian of any such right or interest as aforesaid would cause a forfeiture or determination of such right or interest as aforesaid then in any such case this Order shall not have the effect of vesting the same in the Custodian.
2. The Custodian is to be at liberty to transfer the said securities or any of them into his own name to be held by him as such Custodian or into the name or names of any other person or persons whether on the occasion of a sale or otherwise and to take possession of the said securities, gold coin or gold bullion or any of them and subject to such terms and conditions (if any) as may be required by him and shall do so as and when requested by the Board of Trade.
3. The Custodian (whether the said securities or any of them shall be transferred into his own name or not) shall sell all or any of the said securities, gold coin or gold bullion as and when requested so to do by the Board of Trade with power for that purpose to employ such brokers and agents as he shall think fit.
4. The Custodian shall exercise the voting...
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