The Trading with the Enemy (Custodian) Order 1950

Type Statutory-Instrument
Publication 1950-03-28
State In force
Department Westlaw
PDF Download
articles Not indexed
Reform history JSON API

Made: 28th March 1950

Coming into Operation: 11th April 1950

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 do hereby make the following Order:—

1

There shall vest in the Custodian the right to transfer all property belonging to or held or managed on behalf of an enemy and of the following description, that is to say—

2

Any person having possession, control or management of property the subject of this Order shall, on being so required by the Custodian, deliver the same to him.

3

The Custodian shall sell the said property or any part thereof as and when requested so to do by the Board of Trade with power for that purpose to employ such agents as he shall think fit and to obtain the advice or assistance of experts whenever it shall appear to him to be advisable.

4

Out-of-pocket payments duly made by the Custodian in relation to the receiving, collecting, vesting, management, holding or disposing of the said property or any part thereof shall be reimbursed to the Custodian out of the proceeds of sale of such property and shall be chargeable accordingly.

5

6

7

In the application of this Order to Scotland “attached or otherwise taken in execution” means arrested in execution or in security or otherwise effected by diligence.

8

Signed

J. H. Woods — Secretary of the Board of Trade — Dated this 28th day of March, 1950

Explanatory note

EXPLANATORY NOTE

This Order vests in the Custodian all rights relating to the transfer of jewellery and imitation jewellery, precious and semi-precious stones, goldsmiths' and silversmiths' wares and articles made wholly or partly of semi-precious stones, belonging to or held on account of persons resident or carrying on business in Germany and business concerns controlled by such persons. The Order requires any person holding such property to deliver it to the Custodian on demand.

Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.

This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence. legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.