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2.  The  business  tobe  transactedunder  this  permission
shall  be  limited  to  such  operations  as  may  be  necessary
for  making  the  real!sable  assets  of  the  banks  available
for  Meeting  their  liabilities,  and  for  discharging  these
liabilities  as  far  as  may  be  practicable.
3.  All  transactions  carried  out  under  this  permission
shall  be  Subject  to  the  supervision  and  control  of  a
person  to  be  appointed  for  the  purpose  by  the  Treasury,
who  shall  have  absolute  discretion.  —
a)  To  refuse  to  permit  any  payment  that  may  appear
to  him  to  be  contrary  to  the  Interests  of  the  nation.
b)  To  permit  any  such  new  transactions  as  are  in
bis  opinion  necessary  or  desirable  for  the  purpose
of  the  transactions  first  mentioned  in  paragraph  1.
c)  To  permit  or  to  refuse  to  permit  the  completion
of  any  particular  transaetion  whatsoever.
4.  Any  assets  of  the  bank  which  may  remain
undistributed  after  their  liabilities  have,  so  far  as
possible  in  the  circumstances,  been  discharged  shall
be  deposited  with  the  Bank  of  England  to  the  Order
of  the  Treasury.
The  Permission  granted  by  me  on  the  13th  day
of  August,  1914,  is  hereby  revoked.
K.  McKENNA,
One  of  His  Majesty’s  Principal  Secretaries  of  State.
Home  Office,  Whitehall,  September  19,  1914.
3.  Zahlungs-  und  Handelsverbote.
Staatliche  Überwachung.
Proclamation  relating  to  trading  with  the
enemy  No  1  (of  Aug.  5th).
Whereas  etc.  etc.
We  do  hereby  warn  all  persons  resident,  carrying
on  business,  or  being  in  Our  Dominions  :
Not  to  supply  to  or  obtain  from  the  said  Empire
any  goods,  wares,  or  merchandise  or  to  supply  to  or
obtain  the  same  from  any  person  resident,  carrying
on  business,  or  being  therein,  nor  to  supply  to  or
obtain  from  any  person  any  goods,  wares,  or  merchandise ­
  for  or  by  way  of  transmission  to  or  from  the
said  Empire,  or  to  or  from  any  person  resident,
carrying  on  business  or  being  therein,  nor  to  trade  in
or  carry  any  goods,  wares,  or  merchandise  destined
for  or  Corning  from  the  said  Empire,  or  from  any
person  resident,  .  carrying  on  business,  or  being
therein.
Nor  to  permit  any  British  ship  to  leave  for,
enter,  or  communicate  with  any  port  or  place  of  the
said  Empire.
.  Nor  to  make  or  enter  into  any  new  marine,  life,
fire,  or  other  policy  or  contract  of  Insurance  with  or  for
the  benefit  of  any  person  resident,  carrying  on  business, ­
  or  being  in  the  said  Empire,  nor  under  any
existing  policy  or  contract  of  Insurance  to  make  any
payment  to  or  for  the  benefit  of  any  such  person  in

respect  of  any  loss  due  to  the  belligerent  action  of
Hiss  Majesty’s  forces  or  of  those  of  any  ally  of  His
Majesty.
Nor  to  enter  into  any  new  commercial,  financial,
or  other  contract  or  Obligation  with  or  for  the  benefit
of  any  person  resident,  carrying  on  business  or  being
in  the  said  Empire.
And  We  do  hereby  further  warn  all  persons  that
whoever  in  contrevention  of  the  law  shall  commit,
aid,  or  ab  et  any  of  the  aforesaid  acts  will  be  liable
to  such  penalties  as  the  law  provides.
And  We  hereby  declare  that  any  transactions  to,
with  or  for  the  benefit  of  any  person  resident,  carrying
on  business,  or  being  in  the  said  Empire  which  are  not
treasonable  and  are  not  for  the  time  being  expressly
prohibited  by  üs  either  by  virtue  of  this  Proclamation
or  otherwise,  and  which  but  for  the  existence  of  the
state  of  war  aforesaid  would  be  lawful,  are  hereby
permitted.
And  We  hereby  declare  that  the  expresssion
“person”  in  this  Proclamation  shall  include  any  body
of  persons  corporate  or  unincorporate,  and  that  where
any  person  had,  or  has  an  Interest  in  houses  or  branches
  of  business  in  some  other  country  as  well  as  in
Our  Dominions,  or  in  the  said  Empire  (as  the  case
may  be),  this  Proclamation  shall  not  apply  to  the
trading  or  commercial  intercourse  carried  on  by  such
person  solely  from  or  by  such  houses  or  branches  of
business  in  such  other  country.
Given  etc.  etc.  this  fifth  day  of  August  1914.
Proclamation  extending  to  Austria-Hungary
the  Scope  of  certain  existing  Prodamations
and  a  certain  Order  in  Council  connected  with
the  war.
Whereas  etc.  etc.
1.  The  Proclamation  warning  all  Our  Subjects  and
all  persons  resident  or  being  in  Our  Dominions  from
contributing  to,  or  participating  in  or  assisting  in  the
floating  of,  any  loan  raised  on  behalf  of  the  German
Government,  or  from  advaneing  money  to  or  entering
into  any  contract  or  dealings  whatsoever  with  the
said  Government,  or  otherwise  aiding,  abetting,  or  assisting ­
  the  said  Government,  shall  be  deemed  as  from
this  date  to  apply  to  all  loans  raised  on  behalf  of,  or
contracts  or  dealings  entered  into  with,  or  to  aiding,
abetting,  or  assisting  the  Austro-Hungarian  Government. ­

2.  The  Proclamation  on  Trading  with  the  Enemy
shall  be  deemed  as  from  this  date  to  prohibit  with
the  Dual-Monarchy  of  Austria-Hungary  all  commercial ­
  intercourse,  which  under  the  said  Proclamation
is  prohibited  with  the  German  Empire,  and  for  this
purpose  such  Proclamation  shall  be  read  as  if  troughout
  the  operative  portion  thereof,  the  words  “either
the  German  Empire  or  the  Dual-Monarchy  of  Austria-Hungaiy”
  were  substituted  for  the  words  “the  German
Empire”.