War And Treaty Legislation Affecting British Property in Germany And Austria

Cover War And Treaty Legislation Affecting British Property in Germany And Austria
War And Treaty Legislation Affecting British Property in Germany And Austria
John Scobell
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2. — (1) Subsection (1) of section three of the principal Act, which requires returns to be made to the custodian of property held or managed for or on behalf of enemies, shall apply to balances and deposits standing to the credit of enemies at any bank, and to debts to the amount of fifty pounds or upwards, which are due, or which, had a state of war not existed, would have been due, to enemies, as if such bank or debtor were a person who held property on behalf of an enemy, and as if for refe
...rences to the passing of the principal Act there were substituted references to the passing of this Act.
(2) The duty of making returns under the said subsection as so amended shall extend to companies as if the expression " person " included company, and if any company fails to comply with the provisions of that subsection as so amended every director, manager, secretary, or officer of the company who is knowingly a party to the default shall, on summary conviction, be liable to a fine not exceeding one hundred pounds, or to imprisonment with or without hard labour for a term not exceeding six months, or to both such a fine and imprisonment, and in addition to a further fine not exceeding fifty pounds for every day during which the default continues.


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